Brokerages expect Education Realty Trust, Inc. (NYSE:EDR) to report earnings per share of $0.38 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Education Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.39. Education Realty Trust reported earnings per share of $0.42 during the same quarter last year, which indicates a negative year-over-year growth rate of 9.5%. The company is expected to issue its next earnings results on Monday, August 13th.

According to Zacks, analysts expect that Education Realty Trust will report full year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.86. For the next financial year, analysts forecast that the business will post earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.03. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Education Realty Trust.

Several research firms recently commented on EDR. Sandler O’Neill raised shares of Education Realty Trust from a “sell” rating to a “hold” rating and set a $42.00 price objective on the stock in a research note on Monday, July 30th. Evercore ISI cut shares of Education Realty Trust from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $42.00 to $41.50 in a report on Monday, June 25th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Education Realty Trust in a report on Thursday, May 31st. Zacks Investment Research raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 15th. Finally, TheStreet raised shares of Education Realty Trust from a “c” rating to a “b-” rating in a report on Monday, May 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.93.

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in shares of Education Realty Trust by 140.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,439 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 2,008 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Education Realty Trust during the second quarter valued at approximately $165,000. Telemus Capital LLC purchased a new position in shares of Education Realty Trust during the second quarter valued at approximately $208,000. North Star Investment Management Corp. purchased a new position in shares of Education Realty Trust during the second quarter valued at approximately $210,000. Finally, Pitcairn Co. purchased a new position in shares of Education Realty Trust during the first quarter valued at approximately $224,000.

NYSE:EDR traded down $0.07 during mid-day trading on Friday, hitting $41.20. 471,819 shares of the company’s stock were exchanged, compared to its average volume of 1,132,262. Education Realty Trust has a one year low of $30.07 and a one year high of $43.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.11 and a quick ratio of 0.18. The firm has a market capitalization of $3.33 billion, a P/E ratio of 21.68 and a beta of 0.48.

Education Realty Trust Company Profile

EdR (NYSE: EDR) is one of America's largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 79 communities with more than 42,300 beds serving 50 universities in 25 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices.

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

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