Somewhat Positive Media Coverage Somewhat Unlikely to Affect Education Realty Trust (EDR) Share Price
News headlines about Education Realty Trust (NYSE:EDR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Education Realty Trust earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.7378412715807 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- IHS Markit Score Update: Rise in demand for ETFs holding Education Realty Trust Inc is a positive for its shares (finance.yahoo.com)
- UC Berkley building gets LEED certification with help of Memphis company (finance.yahoo.com)
- EdR Completes Latest Phase of University of Kentucky On-Campus Transformation with Opening of University Flats and Lewis Hall (finance.yahoo.com)
- HighTower Advisors LLC Invests $549000 in Physicians Realty Trust (DOC) (newstrendstoday.com)
- $0.30 EPS Expected for Education Realty Trust Inc. (NYSE:EDR) This Quarter (wpsuperfanboy.com)
Education Realty Trust (NYSE EDR) traded down 0.66% on Friday, reaching $37.62. 401,483 shares of the company traded hands. Education Realty Trust has a 1-year low of $36.98 and a 1-year high of $47.18. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 87.49 and a beta of 0.44. The stock has a 50 day moving average of $38.53 and a 200-day moving average of $39.45.
Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $74.04 million for the quarter, compared to analyst estimates of $69.40 million. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. Education Realty Trust’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. On average, equities analysts anticipate that Education Realty Trust will post $0.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.39 dividend. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, July 27th. Education Realty Trust’s payout ratio is 371.44%.
Several brokerages have recently weighed in on EDR. JMP Securities downgraded shares of Education Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. They noted that the move was a valuation call. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a research note on Thursday, June 22nd. Citigroup Inc. downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $44.00 to $41.00 in a research note on Thursday, June 29th. BidaskClub raised shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Bank of America Corporation downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.22.
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In related news, Director Kimberly Schaefer acquired 1,000 shares of Education Realty Trust stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $37.63 per share, for a total transaction of $37,630.00. Following the acquisition, the director now owns 5,909 shares in the company, valued at $222,355.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Thomas acquired 800 shares of Education Realty Trust stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the completion of the acquisition, the director now owns 3,299 shares in the company, valued at approximately $123,745.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 2,800 shares of company stock worth $105,138. 0.50% of the stock is owned by insiders.
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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