Short Interest in Education Realty Trust Increases By 72.4% (EDR)
Shares of Education Realty Trust (NYSE:EDR) were the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 7,517,826 shares, a growth of 72.4% from the July 15th total of 4,359,763 shares, AnalystRatings.Net reports. Approximately 5.4% of the shares of the company are sold short. Based on an average trading volume of 4,736,258 shares, the short-interest ratio is currently 1.6 days.
In other Education Realty Trust news, Director Wendell W. Weakley bought 5,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of $10.47 per share, with a total value of $52,350.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on EDR shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Education Realty Trust from $11.00 to $12.00 in a research note on Tuesday. Analysts at Bank of America upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating in a research note on Friday, June 13th. They now have a $11.00 price target on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.75.
Shares of Education Realty Trust (NYSE:EDR) opened at 10.64 on Friday. Education Realty Trust has a 52 week low of $8.30 and a 52 week high of $11.31. The stock’s 50-day moving average is $10.79 and its 200-day moving average is $10.13. The company has a market cap of $1.485 billion and a price-to-earnings ratio of 2672.50.
Education Realty Trust (NYSE:EDR) last released its earnings data on Monday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $50.04 million for the quarter, compared to the consensus estimate of $47.00 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts predict that Education Realty Trust will post $0.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, July 29th. This is an increase from Education Realty Trust’s previous quarterly dividend of $0.11.
Education Realty Trust, Inc (NYSE:EDR) is a self-managed and self-advised real estate investment trust (REIT).
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