Last $10.46 USD
Change Today -0.05 / -0.48%
Volume 2.4M
EDR On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

education realty trust inc (EDR) Snapshot

Open
$10.54
Previous Close
$10.51
Day High
$10.62
Day Low
$10.43
52 Week High
07/17/14 - $11.31
52 Week Low
11/8/13 - $8.55
Market Cap
1.5B
Average Volume 10 Days
1.8M
EPS TTM
$0.04
Shares Outstanding
139.6M
EX-Date
07/29/14
P/E TM
248.4x
Dividend
$0.48
Dividend Yield
4.30%
Current Stock Chart for EDUCATION REALTY TRUST INC (EDR)

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education realty trust inc (EDR) Details

Education Realty Trust, Inc., a real estate investment trust (REIT), develops, acquires, owns, and manages student housing communities located near university campuses in the United States. It also provides third-party management services, including residence life and student development, marketing, leasing administration, strategic relationships, information systems, and accounting services for student housing communities owned by educational institutions and charitable foundations. In addition, the company offers third-party development consulting services, such as market analysis and evaluation of housing needs and options; co-operation with university in architectural design; negotiation of ground lease, development agreement, construction contract, architectural contract, and bond documents; oversight of architectural design process; co-ordination of governmental and university plan approvals; oversight of construction process; design, purchase, and installation of furniture; pre-opening marketing to students; and obtaining final approvals of construction. It provides its third-party development consulting services primarily to universities seeking to modernize their on-campus student housing communities, as well as to other third-party investors. As of December 31, 2009, the company owned 40 student housing communities located in 19 states containing 25,454 beds in 7,813 apartment units located near 35 universities. It also provided third-party management services for 20 student housing communities located in 9 states containing 10,186 beds in 3,272 apartment units at 16 universities. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal corporate income tax if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 1964 and is based in Memphis, Tennessee.

1,288 Employees
Last Reported Date: 03/3/14
Founded in 1964

education realty trust inc (EDR) Top Compensated Officers

Chief Executive Officer, President, and Direc...
Total Annual Compensation: $480.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $200.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $330.0K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $173.4K
Compensation as of Fiscal Year 2013.

education realty trust inc (EDR) Key Developments

Education Realty Trust Completes Purchase of Community At Arizona State University

Education Realty Trust, Inc. announced the completion of its purchase of The District on Apache -- a collegiate housing community serving Arizona State University (ASU) in Tempe, Az. -- for $89.8 million. Opened in 2013, The District on Apache is a 900-bed community a half-block from the ASU Tempe campus. It is 100% leased for the coming academic year. The District on Apache provides a variety of studio, one-, two-, three-, four- and five-bedroom floor plans along with a 770-space parking garage. Each apartment contains private bathrooms, granite countertops, stainless steel appliances, washer and dryer, flat screen television and custom furniture. Amenities include a lazy river pool with giant outdoor video screens, clubroom, virtual golf course, two-story fitness center, and computer lab/business center.

EdR Promotes Christine Richards to Executive Vice President and Chief Operating Officer

EdR announced the promotion of Christine Richards to Executive Vice President and Chief Operating Officer from Senior Vice President and Chief Operating Officer. Mrs. Richards joined EdR in 2001 as regional director and has advanced several times. In the past five years, she successfully revamped EdR's processes, systems and personnel to create market-leading leasing results and incomparable management services.

Education Realty Trust, Inc. Announces Amendment to the Bylaws

On August 20, 2014, the Board of Education Realty Trust, Inc. approved Amendment No. 1 (the Amendment) to the company's Amended and Restated Bylaws (the Bylaws). The Amendment effects the following changes: Majority Voting The Board amended Article II, Section 7 of the Bylaws to change the voting standard for the election of directors from a plurality voting standard to a majority voting standard in uncontested elections. Under the revised voting standard, a director shall be elected to the Board of the company if the votes cast for such nominee's election exceeds the votes cast against such nominee's election; provided that if the election is contested, directors shall be elected by a plurality of the votes cast. Opting Out of the Maryland Share Acquisition Act By Article II, Section 12 of the Bylaws, the company previously had opted not to be subject to Title 3, Subtitle 7 of the MGCL, commonly known as the Maryland Control Share Acquisition Act, but had reserved the right for the company to become subject to the Maryland Control Share Acquisition Act in the future. The Board has amended Article II, Section 12 of the Bylaws to prohibit the repeal of this Bylaws provision without the affirmative vote of a majority of the votes cast on the matter by stockholders entitled to vote on the matter. Opting Out of the Maryland Business Combination Act The Board further amended Article II, Section 12 of the Bylaws to opt out of Title 3, Subtitle 6 of the MGCL, commonly known as the Maryland Business Combination Act. The Board has amended Article II, Section 12 of the Bylaws to prohibit the repeal of this Bylaws provision without the affirmative vote of a majority of the votes cast on the matter by stockholders entitled to vote on the matter.

 

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EDR

Industry Average

Valuation EDR Industry Range
Price/Earnings 100.0x
Price/Sales 6.0x
Price/Book 1.6x
Price/Cash Flow 26.7x
TEV/Sales 4.0x
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