Education Realty Trust Inc. (NYSE:EDR) updated its FY16 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.73-1.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.77.
Several research analysts have commented on the stock. Canaccord Genuity set a $54.00 price objective on shares of Education Realty Trust and gave the company a buy rating in a research report on Sunday, September 11th. FBR & Co upped their price target on shares of Education Realty Trust from $48.00 to $51.00 and gave the stock an outperform rating in a report on Tuesday, August 2nd. Robert W. Baird upgraded shares of Education Realty Trust from a neutral rating to an outperform rating and upped their price target for the stock from $42.97 to $47.00 in a report on Tuesday, September 20th. They noted that the move was a valuation call. JPMorgan Chase & Co. reiterated a hold rating and set a $44.00 price target on shares of Education Realty Trust in a report on Wednesday, August 3rd. Finally, Capital One Financial Corp. started coverage on shares of Education Realty Trust in a report on Friday. They set an equal weight rating and a $54.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $48.00.
Shares of Education Realty Trust Inc. (NYSE:EDR) opened at 44.91 on Tuesday. The company has a market cap of $3.28 billion, a PE ratio of 59.17 and a beta of 0.49. The firm’s 50-day moving average is $45.07 and its 200-day moving average is $43.58. Education Realty Trust Inc. has a 12 month low of $31.62 and a 12 month high of $48.87.
Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Education Realty Trust had a net margin of 16.30% and a return on equity of 3.22%. The company earned $65.14 million during the quarter, compared to the consensus estimate of $61.88 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Education Realty Trust Inc. will post $1.77 earnings per share for the current year.
In related news, Director Monte J. Barrow sold 5,000 shares of Education Realty Trust stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the director now owns 10,162 shares in the company, valued at approximately $467,452. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. BlackRock Japan Co. Ltd boosted its position in shares of Education Realty Trust by 3.0% in the second quarter. BlackRock Japan Co. Ltd now owns 3,370 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 97 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Education Realty Trust by 2.5% in the second quarter. Profund Advisors LLC now owns 8,464 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 210 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Education Realty Trust by 9.0% in the second quarter. Hsbc Holdings PLC now owns 10,278 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 845 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Education Realty Trust by 48.1% in the second quarter. ProShare Advisors LLC now owns 13,603 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 4,417 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Education Realty Trust during the second quarter worth approximately $646,000.
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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