Todays Report: Today: Education Realty Trust Inc. (EDR) Announces $0.38 Quarterly Dividend

Today: Education Realty Trust Inc. (EDR) Announces $0.38 Quarterly Dividend

Education Realty Trust Inc. (NYSE:EDR) declared a quarterly dividend on Friday, October 14th. Stockholders of record on Monday, October 31st will be given a dividend of 0.38 per share by the real estate investment trust on Tuesday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Thursday, October 27th.

Education Realty Trust (NYSE:EDR) opened at 41.27 on Monday. Education Realty Trust has a 1-year low of $34.00 and a 1-year high of $48.87. The stock’s 50 day moving average is $43.27 and its 200-day moving average is $43.59. The firm has a market capitalization of $3.01 billion, a P/E ratio of 54.37 and a beta of 0.48.

Education Realty Trust (NYSE:EDR) last announced its earnings results on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share 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 business earned $65.14 million during the quarter, compared to the consensus estimate of $61.88 million. During the same quarter last year, the firm earned $0.41 earnings per share. Education Realty Trust’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts forecast that Education Realty Trust will post $1.77 EPS for the current year.

In related news, Director Monte J. Barrow sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the transaction, the director now directly owns 10,162 shares in the company, valued at $467,452. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its position in Education Realty Trust by 47.5% in the second quarter. TIAA CREF Investment Management LLC now owns 339,601 shares of the real estate investment trust’s stock valued at $15,669,000 after buying an additional 109,431 shares during the period. Credit Suisse AG boosted its position in Education Realty Trust by 65.8% in the second quarter. Credit Suisse AG now owns 261,664 shares of the real estate investment trust’s stock valued at $12,074,000 after buying an additional 103,847 shares during the period. Cipher Capital LP purchased a new position in Education Realty Trust during the second quarter valued at $1,462,000. American International Group Inc. boosted its position in Education Realty Trust by 281.6% in the second quarter. American International Group Inc. now owns 164,071 shares of the real estate investment trust’s stock valued at $7,570,000 after buying an additional 121,075 shares during the period. Finally, Franklin Resources Inc. boosted its position in Education Realty Trust by 59.8% in the second quarter. Franklin Resources Inc. now owns 713,276 shares of the real estate investment trust’s stock valued at $32,911,000 after buying an additional 267,010 shares during the period.

EDR has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued a “hold” rating and set a $44.00 target price on shares of Education Realty Trust in a research note on Wednesday, August 3rd. Canaccord Genuity set a $54.00 target price on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Sunday, September 11th. FBR & Co lifted their target price on shares of Education Realty Trust from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. KeyCorp set a $52.00 target price on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Monday, August 22nd. Finally, Robert W. Baird raised shares of Education Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $42.97 to $47.00 in a research note on Tuesday, September 20th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.75.

Education Realty Trust Company Profile

Related posts

Leave a Comment