Insider Buying: Randy Churchey Buys 20,000 Shares of Education Realty Trust Stock (EDR)
Education Realty Trust (NYSE:EDR) CEO Randy Churchey acquired 20,000 shares of the stock on the open market in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $8.99 per share, with a total value of $179,800.00. Following the purchase, the chief executive officer now directly owns 283,280 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company 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. 2,214,365 shares of the company’s stock traded hands. Education Realty Trust has a 1-year low of $8.30 and a 1-year 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. On average, analysts predict that Education Realty Trust will post $0.49 earnings per share 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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