B. Riley set a $44.00 price objective on Education Realty Trust Inc. (NYSE:EDR) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.
Several other equities analysts also recently issued reports on the stock. KeyCorp reissued a buy rating and set a $47.00 price objective on shares of Education Realty Trust in a research note on Wednesday, September 6th. Sandler O’Neill downgraded shares of Education Realty Trust from a buy rating to a hold rating and reduced their price objective for the company from $47.00 to $40.00 in a research note on Monday, July 31st. BidaskClub raised shares of Education Realty Trust from a sell rating to a hold rating in a research note on Monday, July 24th. TheStreet downgraded shares of Education Realty Trust from a b rating to a c+ rating in a research note on Monday, July 31st. Finally, Robert W. Baird reissued an outperform rating and set a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $41.60.
Education Realty Trust (EDR) opened at $36.01 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $2,730.00, a P/E ratio of 19.47, a P/E/G ratio of 3.24 and a beta of 0.42. Education Realty Trust has a one year low of $34.67 and a one year high of $42.80.
Education Realty Trust (NYSE:EDR) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.31). The firm had revenue of $75.36 million for the quarter, compared to analysts’ expectations of $69.22 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. research analysts forecast that Education Realty Trust will post 1.9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Monday, October 30th. Education Realty Trust’s dividend payout ratio (DPR) is 339.13%.
In related news, Chairman Randy L. Churchey purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was purchased at an average price of $35.01 per share, with a total value of $700,200.00. Following the completion of the transaction, the chairman now owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wendell W. Weakley purchased 750 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $38.65 per share, with a total value of $28,987.50. The disclosure for this purchase can be found here. Insiders have purchased 25,750 shares of company stock valued at $904,238 in the last ninety days. 0.50% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Eii Capital Management Inc. acquired a new stake in shares of Education Realty Trust in the third quarter worth $817,000. California Public Employees Retirement System increased its position in shares of Education Realty Trust by 6.4% in the third quarter. California Public Employees Retirement System now owns 115,469 shares of the real estate investment trust’s stock worth $4,149,000 after acquiring an additional 6,936 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Education Realty Trust in the third quarter worth $302,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Education Realty Trust in the third quarter worth $1,161,000. Finally, Uniplan Investment Counsel Inc. increased its position in shares of Education Realty Trust by 2.1% in the third quarter. Uniplan Investment Counsel Inc. now owns 968,362 shares of the real estate investment trust’s stock worth $34,793,000 after acquiring an additional 20,104 shares in the last quarter.
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.
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