Education Realty Trust Inc. (NYSE:EDR) had its price objective lowered by Canaccord Genuity from $54.00 to $51.00 in a research report released on Monday. The firm currently has a buy rating on the real estate investment trust’s stock.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Education Realty Trust from a buy rating to a hold rating in a research report on Tuesday, July 5th. KeyCorp set a $52.00 target price on shares of Education Realty Trust and gave the company a buy rating in a research report on Monday, August 22nd. JPMorgan Chase & Co. restated a hold rating and issued a $44.00 target price on shares of Education Realty Trust in a research report on Wednesday, August 3rd. Citigroup Inc. started coverage on shares of Education Realty Trust in a research report on Wednesday, September 7th. They issued a neutral rating and a $46.00 target price for the company. Finally, Evercore ISI started coverage on shares of Education Realty Trust in a research report on Monday, June 6th. They issued a hold rating and a $45.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Education Realty Trust presently has an average rating of Hold and a consensus target price of $47.75.
Shares of Education Realty Trust (NYSE:EDR) traded down 1.60% during trading on Monday, reaching $41.28. 81,829 shares of the company traded hands. The company has a 50 day moving average price of $44.56 and a 200 day moving average price of $43.66. Education Realty Trust has a 12-month low of $32.90 and a 12-month high of $48.87. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 54.39 and a beta of 0.48.
Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the consensus estimate 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 analysts’ expectations of $61.88 million. During the same quarter in the previous year, the company earned $0.41 EPS. The business’s revenue was up 13.6% on a year-over-year basis. On average, equities analysts predict 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 Education Realty Trust stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $467,452. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.
Several large investors have recently made changes to their positions in EDR. State Street Corp raised its stake in shares of Education Realty Trust by 37.7% in the second quarter. State Street Corp now owns 3,137,607 shares of the real estate investment trust’s stock valued at $144,770,000 after buying an additional 859,498 shares during the period. Daiwa Securities Group Inc. raised its stake in Education Realty Trust by 20.1% in the second quarter. Daiwa Securities Group Inc. now owns 5,097,189 shares of the real estate investment trust’s stock worth $235,184,000 after buying an additional 854,423 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Education Realty Trust during the second quarter worth $36,825,000. Bank of New York Mellon Corp raised its stake in Education Realty Trust by 24.2% in the second quarter. Bank of New York Mellon Corp now owns 3,539,344 shares of the real estate investment trust’s stock worth $163,304,000 after buying an additional 689,046 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Education Realty Trust by 12.9% in the first quarter. BlackRock Fund Advisors now owns 3,978,071 shares of the real estate investment trust’s stock worth $165,488,000 after buying an additional 453,525 shares during the last quarter.
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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