Equities research analysts expect Education Realty Trust, Inc. (NYSE:EDR) to report sales of $87.34 million for the current quarter, according to Zacks. Three analysts have issued estimates for Education Realty Trust’s earnings, with estimates ranging from $81.90 million to $90.70 million. Education Realty Trust reported sales of $84.22 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The company is expected to report its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Education Realty Trust will report full year sales of $87.34 million for the current fiscal year, with estimates ranging from $303.84 million to $319.47 million. For the next year, analysts expect that the firm will report sales of $324.44 million per share, with estimates ranging from $300.84 million to $338.27 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Education Realty Trust.

Education Realty Trust (NYSE:EDR) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.31). Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The business had revenue of $75.36 million for the quarter, compared to analyst estimates of $69.22 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis.

Several equities research analysts recently commented on EDR shares. B. Riley set a $44.00 target price on shares of Education Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Royal Bank of Canada cut their target price on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. JPMorgan Chase & Co. downgraded shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Robert W. Baird reiterated an “outperform” rating and set a $40.00 target price (down from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. Finally, FBR & Co reiterated a “buy” rating and set a $44.00 target price on shares of Education Realty Trust in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Education Realty Trust has a consensus rating of “Hold” and an average target price of $40.90.

Education Realty Trust (NYSE:EDR) traded down $0.24 during trading hours on Wednesday, reaching $33.58. 653,462 shares of the company traded hands, compared to its average volume of 607,425. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44. Education Realty Trust has a twelve month low of $33.55 and a twelve month high of $42.80. The firm has a market cap of $2,540.00, a P/E ratio of 73.00, a PEG ratio of 2.91 and a beta of 0.44.

In other news, VP Edwin B. Brewer, Jr. purchased 5,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was purchased at an average price of $35.01 per share, for a total transaction of $175,050.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Randy L. Churchey purchased 20,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of $35.01 per share, with a total value of $700,200.00. Following the acquisition, the chairman now owns 149,506 shares in the company, valued at approximately $5,234,205.06. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Education Realty Trust by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 477 shares in the last quarter. GAM Holding AG increased its stake in shares of Education Realty Trust by 5.0% in the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 300 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Education Realty Trust by 87.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 3,158 shares in the last quarter. ETRADE Capital Management LLC increased its stake in shares of Education Realty Trust by 4.5% in the 2nd quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 323 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Education Realty Trust in the 3rd quarter valued at $302,000.

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

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