Education Realty Trust, Inc. (NYSE:EDR) – KeyCorp upped their Q4 2017 EPS estimates for Education Realty Trust in a report released on Wednesday. KeyCorp analyst A. Wurschmidt now forecasts that the real estate investment trust will earn $0.60 per share for the quarter, up from their prior forecast of $0.58. KeyCorp currently has a “Buy” rating and a $40.00 target price on the stock.

A number of other analysts also recently commented on EDR. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. FBR & Co reiterated a “buy” rating and issued a $44.00 price objective on shares of Education Realty Trust in a research report on Monday, October 30th. Royal Bank of Canada reduced their price objective on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. B. Riley reiterated a “buy” rating on shares of Education Realty Trust in a research report on Wednesday, November 1st. Finally, J P Morgan Chase & Co downgraded Education Realty Trust from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.90.

Shares of Education Realty Trust (NYSE:EDR) opened at $34.69 on Friday. Education Realty Trust has a 52 week low of $34.44 and a 52 week high of $42.80. The firm has a market capitalization of $2,618.78, a P/E ratio of 75.41, a P/E/G ratio of 3.03 and a beta of 0.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29.

Education Realty Trust (NYSE:EDR) last announced its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.31). Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business had revenue of $75.36 million for the quarter, compared to the consensus estimate of $69.22 million. During the same quarter in the previous year, the company earned $0.26 EPS. Education Realty Trust’s revenue for the quarter was up 13.8% compared to the same quarter last year.

In related news, Chairman Randy L. Churchey bought 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was acquired at an average cost of $35.01 per share, with a total value of $700,200.00. Following the acquisition, the chairman now owns 149,506 shares in the company, valued at approximately $5,234,205.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Edwin B. Brewer, Jr. bought 5,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was bought at an average cost of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in shares of Education Realty Trust by 2.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 83,353 shares of the real estate investment trust’s stock valued at $2,995,000 after buying an additional 1,988 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Education Realty Trust in the 3rd quarter valued at $792,000. Eii Capital Management Inc. acquired a new stake in shares of Education Realty Trust in the 3rd quarter valued at $817,000. California Public Employees Retirement System increased its stake in shares of Education Realty Trust by 6.4% in the 3rd quarter. California Public Employees Retirement System now owns 115,469 shares of the real estate investment trust’s stock valued at $4,149,000 after buying an additional 6,936 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Education Realty Trust in the 3rd quarter valued at $302,000.

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Education Realty Trust Company Profile

Education Realty Trust, Inc (EdR) is a self-managed and self-advised real estate investment trust (REIT). The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. The Trust operates through three segments: collegiate housing leasing, development consulting services and management services.

Earnings History and Estimates for Education Realty Trust (NYSE:EDR)

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