Insider Buying: Randall Brown Buys 5,500 Shares of Education Realty Trust Stock (EDR)
Education Realty Trust (NYSE:EDR) CFO Randall Brown bought 5,500 shares of Education Realty Trust stock on the open market in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $9.04 per share, for a total transaction of $49,720.00. Following the transaction, the chief financial officer now directly owns 99,346 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on EDR shares. Analysts at Hilliard Lyons upgraded shares of Education Realty Trust (NYSE:EDR) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $10.00 price target on the stock. Analysts at MLV Capital cut their price target on shares of Education Realty Trust (NYSE:EDR) from $12.00 to $11.00 in a research note to investors on Tuesday, July 30th. They now have a “hold” rating on the stock.
Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Education Realty Trust presently has a consensus rating of “Hold” and an average target price of $11.00.
Education Realty Trust (NYSE:EDR) traded up 2.41% on Friday, hitting $9.145. The stock had a trading volume of 2,214,365 shares. Education Realty Trust has a 52 week low of $8.30 and a 52 week high of $11.77. The stock has a 50-day moving average of $9.05 and a 200-day moving average of $10.24. The company has a market cap of $1.050 billion and a P/E ratio of 79.73.
Education Realty Trust (NYSE:EDR) last released its earnings data on Monday, July 29th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.13. The company had revenue of $41.98 million for the quarter, compared to the consensus estimate of $40.95 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Analysts expect that Education Realty Trust will post $0.49 EPS for the current fiscal year.
Education Realty Trust, Inc (NYSE:EDR) is a self-managed and self-advised real estate investment trust (REIT).
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