Education Realty Trust, Inc. (EDR) Declares $0.39 Quarterly Dividend

Education Realty Trust, Inc. (NYSE:EDR) announced a quarterly dividend on Friday, April 13th, Wall Street Journal reports. Investors of record on Monday, April 30th will be given a dividend of 0.39 per share by the real estate investment trust on Tuesday, May 15th. This represents a $1.56 annualized dividend and a yield of 4.82%. The ex-dividend date is Friday, April 27th.

Education Realty Trust has raised its dividend by an average of 3.7% per year over the last three years and has raised its dividend every year for the last 7 years. Education Realty Trust has a dividend payout ratio of 82.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Education Realty Trust to earn $2.00 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 78.0%.

EDR traded up $0.01 on Friday, hitting $32.39. The company had a trading volume of 677,805 shares, compared to its average volume of 521,800. Education Realty Trust has a 1-year low of $30.07 and a 1-year high of $40.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market cap of $2,526.56, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 3.75 and a beta of 0.40.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $95.87 million during the quarter, compared to analyst estimates of $87.56 million. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. analysts anticipate that Education Realty Trust will post 1.85 earnings per share for the current fiscal year.

A number of brokerages have recently commented on EDR. Robert W. Baird set a $36.00 price target on Education Realty Trust and gave the stock a “buy” rating in a report on Thursday, February 22nd. Sandler O’Neill reiterated a “hold” rating and set a $34.00 price target on shares of Education Realty Trust in a report on Monday, February 26th. B. Riley set a $44.00 price target on Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, February 20th. KeyCorp reiterated a “buy” rating and set a $40.00 price target on shares of Education Realty Trust in a report on Thursday, December 21st. Finally, JPMorgan Chase lowered Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $40.10.

COPYRIGHT VIOLATION WARNING: “Education Realty Trust, Inc. (EDR) Declares $0.39 Quarterly Dividend” was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at

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.

Dividend History for Education Realty Trust (NYSE:EDR)

Receive News & Ratings for Education Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust and related companies with's FREE daily email newsletter.

Leave a Reply