Education Realty Trust Price Target Cut to $10.00 (EDR)
Investment analysts at MLV Capital reduced their price objective on shares of Education Realty Trust (NYSE:EDR) from $11.00 to $10.00 in a note issued to investors on Monday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. MLV Capital’s price target points to a potential upside of 12.36% from the company’s current price.
Education Realty Trust (NYSE:EDR) traded down 0.45% during mid-day trading on Monday, hitting $8.90. 1,006,999 shares of the company’s stock traded hands. Education Realty Trust has a one year low of $8.30 and a one year high of $11.77. The stock’s 50-day moving average is $8.93 and its 200-day moving average is $10.05. The company has a market cap of $1.022 billion and a P/E ratio of 79.82.
Education Realty Trust (NYSE:EDR) last announced its earnings results on Monday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the 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 $0.54 earnings per share for the current fiscal year.
EDR has been the subject of a number of other recent research reports. Analysts at Wunderlich initiated coverage on shares of Education Realty Trust in a research note to investors on Friday. They set a “buy” rating and a $10.50 price target on the stock. Analysts at Hilliard Lyons upgraded shares of Education Realty Trust 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.30.
Education Realty Trust, Inc (NYSE:EDR) is a self-managed and self-advised real estate investment trust (REIT).
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