|Day's Range||38.24 - 38.67|
|52 Week Range||36.98 - 48.87|
|PE Ratio (TTM)||62.90|
|Dividend & Yield||1.52 (3.96%)|
|1y Target Est||N/A|
The last thing college students want to think about as they move out of their dorms right about now is school starting up again. For American Campus Communities, the largest provider of private student housing, the average published asking rents are 2.8% above where they were a year ago. The average asking rents for Education Realty Trust, another company operating in the industry, are up 3.3%, though that rate largely excludes on-campus developments.
Cornell University students will soon have a new housing option, thanks in part to a Memphis-based developer. EdR — owner, developer and manager of collegiate housing — and representatives from Cornell University broke ground May 5 in Ithaca, New York, on an $80 million, on-campus, graduate housing complex. “As an Ivy League school, Cornell University is a prestigious academic institution, and they have a longstanding commitment to housing students on-campus, which aligns with our corporate vision,” said Jeffrey Resetco, vice president of real estate development and construction for EdR.
Q1 2017 Education Realty Trust Inc Earnings Call