Education Realty Trust, Inc. (EDR) Given Average Rating of “Hold” by Analysts

Education Realty Trust, Inc. (NYSE:EDR) has earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $40.90.

Several equities research analysts recently issued reports on EDR shares. JPMorgan Chase & Co. cut shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. B. Riley set a $44.00 target price on shares of Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, November 14th. Royal Bank of Canada dropped their target price on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. KeyCorp restated a “buy” rating and issued a $40.00 target price on shares of Education Realty Trust in a report on Thursday, December 21st. Finally, FBR & Co restated a “buy” rating and issued a $44.00 target price on shares of Education Realty Trust in a report on Monday, October 30th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Education Realty Trust by 5.2% in the fourth quarter. BlackRock Inc. now owns 10,218,931 shares of the real estate investment trust’s stock worth $356,846,000 after acquiring an additional 505,601 shares during the period. State Street Corp raised its position in Education Realty Trust by 2.6% in the second quarter. State Street Corp now owns 3,431,312 shares of the real estate investment trust’s stock worth $132,966,000 after acquiring an additional 87,185 shares during the period. Channing Capital Management LLC raised its position in Education Realty Trust by 15.6% in the third quarter. Channing Capital Management LLC now owns 1,340,581 shares of the real estate investment trust’s stock worth $48,167,000 after acquiring an additional 180,768 shares during the period. Dimensional Fund Advisors LP raised its position in Education Realty Trust by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,052,831 shares of the real estate investment trust’s stock worth $37,828,000 after acquiring an additional 17,835 shares during the period. Finally, Macquarie Group Ltd. raised its position in Education Realty Trust by 5.9% in the third quarter. Macquarie Group Ltd. now owns 1,013,383 shares of the real estate investment trust’s stock worth $36,412,000 after acquiring an additional 56,222 shares during the period.

Shares of Education Realty Trust (NYSE EDR) opened at $31.18 on Tuesday. Education Realty Trust has a fifty-two week low of $30.07 and a fifty-two week high of $42.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $2,351.37, a P/E ratio of 67.78, a P/E/G ratio of 2.94 and a beta of 0.38.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.56 annualized dividend and a yield of 5.00%. Education Realty Trust’s payout ratio is presently 339.14%.

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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.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

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