Education Realty Trust Price Target Increased to $11.50 by Analysts at Wunderlich (EDR)
Equities research analysts at Wunderlich hoisted their price objective on shares of Education Realty Trust (NYSE:EDR) from $10.50 to $11.50 in a research note issued to investors on Tuesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective would indicate a potential upside of 12.75% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Education Realty Trust in a research note on Tuesday, April 22nd. They now have a $11.00 price target on the stock. Separately, analysts at Bank of America reiterated a “neutral” rating on shares of Education Realty Trust in a research note on Monday, April 21st. They now have a $10.50 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Education Realty Trust from $9.50 to $10.00 in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.50.
Education Realty Trust (NYSE:EDR) traded up 0.59% during mid-day trading on Tuesday, hitting $10.20. The stock had a trading volume of 1,000,394 shares. 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 $9.85 and a 200-day moving average of $9.2. The company has a market cap of $1.173 billion and a P/E ratio of 281.67.
Education Realty Trust (NYSE:EDR) last released its earnings data on Monday, April 28th. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17. The company had revenue of $54.55 million for the quarter, compared to the consensus estimate of $49.10 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts expect that Education Realty Trust will post $0.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Monday, April 28th.
Education Realty Trust, Inc (NYSE:EDR) is a self-managed and self-advised real estate investment trust (REIT).
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