Shares of Education Realty Trust Inc. (NYSE:EDR) have been assigned a consensus rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $44.50.

Several equities research analysts have recently weighed in on EDR shares. Sandler O’Neill cut Education Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $47.00 to $40.00 in a research note on Monday, July 31st. Citigroup Inc. cut Education Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the company from $44.00 to $41.00 in a research note on Thursday, June 29th. Evercore ISI decreased their price target on Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating for the company in a research note on Tuesday, May 2nd. Canaccord Genuity decreased their price target on Education Realty Trust from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, May 2nd. Finally, BidaskClub raised Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th.

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In other news, VP Edwin B. Brewer, Jr. purchased 1,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of $37.50 per share, for a total transaction of $37,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Thomas purchased 800 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the acquisition, the director now owns 3,299 shares of the company’s stock, valued at approximately $123,745.49. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 last quarter. Keybank National Association OH raised its position in shares of Education Realty Trust by 4.1% in the first quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 235 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position 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 last quarter. American International Group Inc. raised its position 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 last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Education Realty Trust by 2.8% in the first quarter. Macquarie Group Ltd. now owns 928,393 shares of the real estate investment trust’s stock valued at $37,925,000 after buying an additional 25,670 shares during the last quarter.

Shares of Education Realty Trust (EDR) opened at 38.33 on Tuesday. Education Realty Trust has a 12 month low of $36.98 and a 12 month high of $46.41. The company has a 50-day moving average price of $38.25 and a 200-day moving average price of $39.33. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 89.14 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $74.04 million during the quarter, compared to analysts’ expectations of $69.40 million. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities analysts forecast that Education Realty Trust will post $0.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a $0.39 dividend. The ex-dividend date was Thursday, July 27th. This represents a $1.56 annualized dividend and a yield of 4.07%. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.38. Education Realty Trust’s dividend payout ratio is presently 371.44%.

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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