Shares of Education Realty Trust Inc. (NYSE:EDR) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $47.27.
Several analysts have recently weighed in on the company. FBR & Co boosted their price target on Education Realty Trust from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Canaccord Genuity lifted their price objective on Education Realty Trust from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research lowered Education Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Education Realty Trust in a research note on Wednesday, August 3rd. Finally, Hilliard Lyons lowered Education Realty Trust from a “neutral” rating to an “underperform” rating in a research note on Friday, July 1st.
In other news, Director Monte J. Barrow sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at $467,452. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of Education Realty Trust during the second quarter worth $130,000. BlackRock Japan Co. Ltd raised its position in shares of 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 worth $136,000 after buying an additional 379 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 worth $166,000 after buying an additional 238 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of 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 worth $184,000 after buying an additional 1,833 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Education Realty Trust during the second quarter worth $207,000.
Shares of Education Realty Trust (NYSE:EDR) traded up 0.71% during trading on Thursday, hitting $40.99. 413,447 shares of the stock traded hands. The firm has a market cap of $2.99 billion, a P/E ratio of 54.01 and a beta of 0.48. The company has a 50-day moving average of $44.26 and a 200-day moving average of $43.63. Education Realty Trust has a 52 week low of $32.90 and a 52 week high of $48.87.
Education Realty Trust (NYSE:EDR) last released its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $65.14 million for the quarter, compared to analysts’ expectations of $61.88 million. Education Realty Trust had a return on equity of 3.22% and a net margin of 16.30%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. On average, analysts forecast that Education Realty Trust will post $1.77 EPS for the current fiscal year.
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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