Education Realty Trust Inc. (EDR) Receives Average Rating of “Hold” from Analysts
Shares of Education Realty Trust Inc. (NYSE:EDR) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.43.
EDR has been the subject of a number of research reports. Robert W. Baird restated an “outperform” rating and set a $40.00 price objective (down from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. KeyCorp restated a “buy” rating and set a $47.00 price objective on shares of Education Realty Trust in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) upgraded Education Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $42.00 in a research report on Thursday, August 10th. TheStreet lowered Education Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Finally, Sandler O’Neill lowered Education Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $47.00 to $40.00 in a research report on Monday, July 31st.
Education Realty Trust (NYSE:EDR) opened at 36.49 on Wednesday. The company has a 50-day moving average of $38.02 and a 200 day moving average of $38.66. The firm has a market cap of $2.67 billion, a P/E ratio of 84.86 and a beta of 0.45. Education Realty Trust has a 52 week low of $35.57 and a 52 week high of $43.16.
Education Realty Trust (NYSE:EDR) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The business had revenue of $74.04 million during the quarter, compared to analyst estimates of $69.40 million. During the same quarter last year, the company posted $0.39 EPS. Education Realty Trust’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts predict that Education Realty Trust will post $0.51 earnings per share for the current year.
In other news, Director John T. Thomas purchased 800 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of $37.51 per share, with a total value of $30,008.00. Following the purchase, the director now directly owns 3,299 shares of the company’s stock, valued at $123,745.49. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Wendell W. Weakley purchased 750 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $38.65 per share, with a total value of $28,987.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,550 shares of company stock valued at $96,496 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of EDR. BlackRock Inc. raised its stake in shares of Education Realty Trust by 6,848.8% during the 1st quarter. BlackRock Inc. now owns 9,549,792 shares of the real estate investment trust’s stock worth $390,108,000 after purchasing an additional 9,412,361 shares in the last quarter. Channing Capital Management LLC purchased a new stake in shares of Education Realty Trust during the 2nd quarter worth about $44,943,000. Nuveen Asset Management LLC raised its stake in shares of Education Realty Trust by 119.6% during the 1st quarter. Nuveen Asset Management LLC now owns 932,855 shares of the real estate investment trust’s stock worth $38,107,000 after purchasing an additional 508,153 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Education Realty Trust during the 2nd quarter worth about $17,991,000. Finally, Denver Investment Advisors LLC purchased a new stake in shares of Education Realty Trust during the 2nd quarter worth about $15,764,000.
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Education Realty Trust Company Profile
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.
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