Education Realty Trust, Inc. (NYSE:EDR) – Equities researchers at KeyCorp issued their FY2018 earnings estimates for shares of Education Realty Trust in a research note issued on Monday. KeyCorp analyst A. Wurschmidt expects that the real estate investment trust will post earnings of $1.85 per share for the year. KeyCorp has a “Buy” rating and a $40.00 price objective on the stock.

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A number of other research firms have also recently weighed in on EDR. JPMorgan Chase & Co. cut Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. B. Riley set a $44.00 price target on Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, January 2nd. Sandler O’Neill reaffirmed a “hold” rating and set a $34.00 price target on shares of Education Realty Trust in a report on Monday, February 26th. Finally, Robert W. Baird set a $36.00 price target on Education Realty Trust and gave the company a “buy” rating in a report on Thursday, February 22nd. Three 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 price target of $40.10.

Education Realty Trust stock traded up $0.28 during mid-day trading on Thursday, reaching $31.76. The company had a trading volume of 27,065 shares, compared to its average volume of 520,966. Education Realty Trust has a 12-month low of $30.07 and a 12-month high of $41.79. The firm has a market cap of $2,397.73, a PE ratio of 16.65, a price-to-earnings-growth ratio of 3.85 and a beta of 0.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.22 and a quick ratio of 0.22.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Education Realty Trust had a return on equity of 2.62% and a net margin of 14.33%. The firm had revenue of $95.87 million during the quarter, compared to analysts’ expectations of $87.56 million. During the same period last year, the firm posted $0.59 EPS. The business’s revenue was up 13.8% on a year-over-year basis.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. Crossmark Global Holdings Inc. acquired a new stake in shares of Education Realty Trust in the 3rd quarter valued at $331,000. New York State Common Retirement Fund increased its stake in shares of Education Realty Trust by 11.8% in the 3rd quarter. New York State Common Retirement Fund now owns 137,678 shares of the real estate investment trust’s stock valued at $4,947,000 after buying an additional 14,484 shares during the period. Rhumbline Advisers increased its stake in shares of Education Realty Trust by 12.8% in the 3rd quarter. Rhumbline Advisers now owns 195,070 shares of the real estate investment trust’s stock valued at $7,009,000 after buying an additional 22,075 shares during the period. Macquarie Group Ltd. grew its stake in shares of Education Realty Trust by 5.9% during the third quarter. Macquarie Group Ltd. now owns 1,013,383 shares of the real estate investment trust’s stock worth $36,412,000 after purchasing an additional 56,222 shares during the period. Finally, Stephens Inc. AR acquired a new stake in shares of Education Realty Trust during the third quarter worth $2,364,000.

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About Education Realty Trust

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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