Shares of Education Realty Trust Inc. (NYSE:EDR) have earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.50.

EDR has been the topic of several recent research reports. Robert W. Baird set a $38.00 price target on shares of Education Realty Trust and gave the company a “buy” rating in a research report on Tuesday, October 31st. FBR & Co reaffirmed a “buy” rating and issued a $44.00 price target on shares of Education Realty Trust in a research report on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and issued a $47.00 price target on shares of Education Realty Trust in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) raised shares of Education Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $40.00 to $42.00 in a research report on Thursday, August 10th. Finally, TheStreet cut shares of Education Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, July 31st.

In other news, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was purchased at an average price of $35.01 per share, for a total transaction of $175,050.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Randy L. Churchey acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was purchased at an average price of $35.01 per share, with a total value of $700,200.00. Following the purchase, the chairman now owns 149,506 shares in the company, valued at approximately $5,234,205.06. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 25,750 shares of company stock valued at $904,238. Company insiders own 0.50% of the company’s stock.

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in Education Realty Trust by 10.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Education Realty Trust by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 477 shares during the last quarter. GAM Holding AG increased its stake in Education Realty Trust by 5.0% in the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 300 shares during the last quarter. Dubuque Bank & Trust Co. increased its stake in Education Realty Trust by 22.5% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 1,173 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Education Realty Trust by 87.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 3,158 shares during the last quarter.

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Education Realty Trust (NYSE EDR) opened at $35.68 on Friday. The stock has a market cap of $2,700.00, a PE ratio of 18.78, a PEG ratio of 3.12 and a beta of 0.42. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44. Education Realty Trust has a 1 year low of $34.67 and a 1 year high of $42.80.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.31). The company had revenue of $75.36 million for the quarter, compared to the consensus estimate of $69.22 million. Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. Education Realty Trust’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. research analysts forecast that Education Realty Trust will post 1.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.56 annualized dividend and a yield of 4.37%. Education Realty Trust’s dividend payout ratio (DPR) is 339.13%.

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.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

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