Education Realty Trust Inc. (NYSE:EDR) has earned a consensus rating of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.43.

Several research analysts have issued reports on the company. BidaskClub raised Education Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Bank of America Corporation cut Education Realty Trust from a “buy” rating to a “neutral” rating in a report on Friday. FBR & Co reaffirmed a “buy” rating on shares of Education Realty Trust in a report on Thursday, June 22nd. Citigroup Inc. cut Education Realty Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $41.00 in a report on Thursday. Finally, Canaccord Genuity cut Education Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $46.00 to $43.00 in a report on Monday, April 10th.

In other news, Director Kimberly Schaefer bought 1,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $37.63 per share, with a total value of $37,630.00. Following the purchase, the director now directly owns 5,909 shares in the company, valued at $222,355.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Education Realty Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 11,605,728 shares of the real estate investment trust’s stock valued at $474,095,000 after buying an additional 294,760 shares during the period. Independent Portfolio Consultants Inc. increased its stake in shares of Education Realty Trust by 16.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,640 shares of the real estate investment trust’s stock valued at $843,000 after buying an additional 2,895 shares during the period. American International Group Inc. increased its stake in shares of Education Realty Trust by 6.5% in the first quarter. American International Group Inc. now owns 188,609 shares of the real estate investment trust’s stock valued at $7,705,000 after buying an additional 11,558 shares during the period. Chartwell Investment Partners LLC increased its stake in shares of Education Realty Trust by 1.4% in the first quarter. Chartwell Investment Partners LLC now owns 457,319 shares of the real estate investment trust’s stock valued at $18,681,000 after buying an additional 6,375 shares during the period. Finally, First National Bank of Omaha increased its stake in shares of Education Realty Trust by 25.7% in the first quarter. First National Bank of Omaha now owns 143,448 shares of the real estate investment trust’s stock valued at $5,860,000 after buying an additional 29,356 shares during the period.

Shares of Education Realty Trust (NYSE EDR) opened at 38.82 on Monday. Education Realty Trust has a one year low of $36.98 and a one year high of $48.87. The firm has a market cap of $2.84 billion, a PE ratio of 63.64 and a beta of 0.45. The firm’s 50-day moving average price is $38.90 and its 200-day moving average price is $40.13.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.35. The company had revenue of $85.80 million during the quarter, compared to the consensus estimate of $78.54 million. Education Realty Trust had a net margin of 14.74% and a return on equity of 2.47%. Education Realty Trust’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. Equities research analysts expect that Education Realty Trust will post $0.53 earnings per share for the current fiscal year.

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About Education Realty Trust

Education Realty Trust, Inc (EdR) is a self-managed and self-advised real estate investment trust (REIT). The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. The Trust operates through three segments: collegiate housing leasing, development consulting services and management services.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

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