Brokerages Set Education Realty Trust, Inc. (EDR) Target Price at $40.10

Shares of Education Realty Trust, Inc. (NYSE:EDR) have been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $40.10.

A number of brokerages have commented on EDR. B. Riley set a $44.00 price target on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase cut shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Robert W. Baird set a $36.00 price target on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Thursday, February 22nd. KeyCorp restated a “buy” rating and set a $40.00 price target on shares of Education Realty Trust in a research note on Thursday, December 21st. Finally, Sandler O’Neill restated a “hold” rating and set a $34.00 price target on shares of Education Realty Trust in a research note on Monday, February 26th.

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Shares of NYSE EDR traded up $0.18 during mid-day trading on Wednesday, hitting $33.10. The company had a trading volume of 265,399 shares, compared to its average volume of 509,833. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.22 and a current ratio of 0.22. Education Realty Trust has a 12 month low of $30.07 and a 12 month high of $40.95. The stock has a market cap of $2,494.73, a PE ratio of 17.26, a PEG ratio of 4.02 and a beta of 0.40.

Education Realty Trust (NYSE:EDR) last announced its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $95.87 million during the quarter, compared to analysts’ expectations of $87.56 million. Education Realty Trust had a net margin of 14.33% and a return on equity of 2.62%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. research analysts forecast that Education Realty Trust will post 1.85 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Education Realty Trust by 5.2% during the fourth quarter. BlackRock Inc. now owns 10,218,931 shares of the real estate investment trust’s stock worth $356,846,000 after buying an additional 505,601 shares in the last quarter. Channing Capital Management LLC increased its holdings in shares of Education Realty Trust by 13.9% during the fourth quarter. Channing Capital Management LLC now owns 1,527,099 shares of the real estate investment trust’s stock worth $53,326,000 after buying an additional 186,518 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Education Realty Trust by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,052,831 shares of the real estate investment trust’s stock worth $37,828,000 after buying an additional 17,835 shares in the last quarter. Uniplan Investment Counsel Inc. increased its holdings in shares of Education Realty Trust by 2.1% during the third quarter. Uniplan Investment Counsel Inc. now owns 968,362 shares of the real estate investment trust’s stock worth $34,793,000 after buying an additional 20,104 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in shares of Education Realty Trust by 20.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 957,611 shares of the real estate investment trust’s stock worth $33,440,000 after buying an additional 161,855 shares in the last quarter.

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About Education Realty Trust

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.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

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