Education Realty Trust Inc. (NYSE:EDR) was up 1.1% during trading on Tuesday . The company traded as high as $46.21 and last traded at $46.07, with a volume of 227,800 shares trading hands. The stock had previously closed at $45.56.

Several research analysts recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a $45.00 price target on shares of Education Realty Trust in a report on Wednesday, March 9th. Zacks Investment Research raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. FBR & Co assumed coverage on shares of Education Realty Trust in a report on Wednesday, April 6th. They set an “outperform” rating and a $47.00 price target for the company. Goldman Sachs Group Inc. raised shares of Education Realty Trust from a “sell” rating to a “neutral” rating and increased their price target for the stock from $32.00 to $42.00 in a report on Monday, April 25th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $40.00 price target on shares of Education Realty Trust in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $43.00.

The firm has a market cap of $3.05 billion and a price-to-earnings ratio of 83.55. The company’s 50 day moving average is $43.30 and its 200-day moving average is $40.51.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.07. During the same period last year, the firm posted $0.50 earnings per share. The business earned $73.38 million during the quarter, compared to analyst estimates of $68.78 million. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts predict that Education Realty Trust Inc. will post $1.78 EPS for the current fiscal year.

In other Education Realty Trust news, Director Kimberly Schaefer purchased 1,000 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was acquired at an average cost of $41.60 per share, with a total value of $41,600.00. Following the acquisition, the director now owns 2,800 shares of the company’s stock, valued at approximately $116,480. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Several hedge funds and institutional investors have bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Education Realty Trust by 7.7% in the fourth quarter. Principal Financial Group Inc. now owns 2,335,774 shares of the real estate investment trust’s stock valued at $88,479,000 after buying an additional 167,090 shares during the period. Wells Fargo & Company MN raised its position in Education Realty Trust by 2.5% in the fourth quarter. Wells Fargo & Company MN now owns 296,283 shares of the real estate investment trust’s stock worth $11,223,000 after buying an additional 7,216 shares during the last quarter. Tributary Capital Management LLC raised its position in Education Realty Trust by 21.3% in the fourth quarter. Tributary Capital Management LLC now owns 156,384 shares of the real estate investment trust’s stock worth $5,924,000 after buying an additional 27,469 shares during the last quarter. Green Street Investors LLC purchased a new position in Education Realty Trust during the fourth quarter worth about $1,114,000. Finally, Vanguard Group Inc. raised its position in Education Realty Trust by 16.2% in the fourth quarter. Vanguard Group Inc. now owns 8,159,168 shares of the real estate investment trust’s stock worth $309,069,000 after buying an additional 1,140,432 shares during the last quarter.

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 Company develops collegiate housing communities for its own account and also provides third-party development consulting services on collegiate housing development projects for universities and other third parties.

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