Education Realty Trust (NYSE:EDR) was downgraded by investment analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research note issued to investors on Friday, MarketBeat reports.
Other equities research analysts also recently issued reports about the company. B. Riley reissued a “buy” rating on shares of Education Realty Trust in a research report on Wednesday, November 1st. Robert W. Baird reissued an “outperform” rating and set a $40.00 target price (down from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. FBR & Co reissued a “buy” rating and set a $44.00 target price on shares of Education Realty Trust in a research report on Monday, October 30th. KeyCorp reissued a “buy” rating and set a $47.00 target price on shares of Education Realty Trust in a research report on Wednesday, September 6th. Finally, Royal Bank of Canada decreased their target price on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Education Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $41.60.
Shares of Education Realty Trust (NYSE EDR) traded up $0.15 during trading hours on Friday, hitting $36.20. The stock had a trading volume of 541,000 shares, compared to its average volume of 508,388. The firm has a market capitalization of $2,730.89, a P/E ratio of 18.97, a P/E/G ratio of 3.16 and a beta of 0.44. Education Realty Trust has a 12 month low of $34.67 and a 12 month high of $42.80. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44.
In other news, Chairman Randy L. Churchey bought 20,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was bought at an average price of $35.01 per share, for a total transaction of $700,200.00. Following the completion of the purchase, the chairman now owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was bought at an average price of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. People s United Financial Inc. raised its position in Education Realty Trust by 0.8% in the 2nd quarter. People s United Financial Inc. now owns 13,999 shares of the real estate investment trust’s stock worth $542,000 after purchasing an additional 105 shares during the last quarter. Amalgamated Bank raised its position in shares of Education Realty Trust by 1.3% during the 2nd quarter. Amalgamated Bank now owns 10,431 shares of the real estate investment trust’s stock valued at $404,000 after acquiring an additional 135 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Education Realty Trust by 0.3% during the 2nd quarter. Suntrust Banks Inc. now owns 87,777 shares of the real estate investment trust’s stock valued at $3,401,000 after acquiring an additional 300 shares during the last quarter. GAM Holding AG raised its position in shares of Education Realty Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 300 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its position in shares of Education Realty Trust by 4.5% during the 2nd quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 323 shares during the last quarter.
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.
