Shares of Education Realty Trust Inc. (NYSE:EDR) have been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $47.27.
EDR has been the topic of a number of recent analyst reports. FBR & Co initiated coverage on Education Realty Trust in a research report on Thursday, June 23rd. They set an “outperform” rating and a $48.00 target price on the stock. Hilliard Lyons lowered Education Realty Trust from a “neutral” rating to an “underperform” rating in a research report on Friday, July 1st. Zacks Investment Research lowered Education Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Canaccord Genuity reissued a “buy” rating and set a $51.00 price target (up from $45.00) on shares of Education Realty Trust in a research report on Monday, July 11th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $44.00 price target on shares of Education Realty Trust in a research report on Wednesday, August 3rd.
Shares of Education Realty Trust (NYSE:EDR) opened at 40.55 on Thursday. The stock has a market capitalization of $2.96 billion, a P/E ratio of 53.43 and a beta of 0.48. Education Realty Trust has a one year low of $32.90 and a one year high of $48.87. The company’s 50 day moving average price is $43.81 and its 200 day moving average price is $43.65.
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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $65.14 million for the quarter, compared to analyst estimates of $61.88 million. Education Realty Trust had a return on equity of 3.22% and a net margin of 16.30%. Education Realty Trust’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, equities analysts expect that Education Realty Trust will post $1.77 earnings per share for the current year.
In other news, Director Monte J. Barrow sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at approximately $467,452. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in Education Realty Trust during the second quarter valued at about $130,000. BlackRock Japan Co. Ltd increased its stake in Education Realty Trust by 13.1% in the first quarter. BlackRock Japan Co. Ltd now owns 3,273 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 379 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Education Realty Trust by 7.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 238 shares during the period. LS Investment Advisors LLC increased its stake in Education Realty Trust by 84.7% in the second quarter. LS Investment Advisors LLC now owns 3,997 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 1,833 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Education Realty Trust during the second quarter valued at about $207,000.
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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