Research analysts at Imperial Capital began coverage on shares of Education Realty Trust (NYSE: EDR) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $10.00 price target on the stock. Imperial Capital’s price target points to a potential upside of 2.25% from the stock’s previous close.
The analysts wrote, “In our view, interest in student housing is principally predicated on the prospects of a steady increase in academic enrollment and a desire by many educational establishments to upgrade and expand their accommodation facilities. We think the demand drivers are likely to largely remain in place for the forseeable future.”
Shares of Education Realty Trust (NYSE: EDR) traded up 0.10% during mid-day trading on Thursday, hitting $9.79. Education Realty Trust has a 52 week low of $9.72 and a 52 week high of $11.81. The stock’s 50-day moving average is currently $10.82. The company has a market cap of $1.116 billion and a P/E ratio of 106.30.
Separately, analysts at TheStreet downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, May 1st.
Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Education Realty Trust has an average rating of “Hold” and a consensus price target of $11.50.
Education Realty Trust, Inc. (NYSE: EDR) is a self-managed and self-advised real estate investment trust (REIT) organized to develop, acquire, own and manage student housing communities located near university campuses.