Shares of Education Realty Trust Inc. (NYSE:EDR) saw strong trading volume on Thursday . 756,219 shares changed hands during mid-day trading, an increase of 7% from the previous session’s volume of 704,508 shares.The stock last traded at $45.94 and had previously closed at $46.12.

A number of analysts recently commented on the stock. FBR & Co reiterated a “buy” rating on shares of Education Realty Trust in a report on Tuesday, May 3rd. Zacks Investment Research upgraded shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Goldman Sachs Group Inc. upgraded shares of Education Realty Trust from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $32.00 to $42.00 in a report on Monday, April 25th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $40.00 target price on shares of Education Realty Trust in a report on Thursday, May 5th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $45.00 target price on shares of Education Realty Trust in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Education Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $43.00.

The company’s 50-day moving average price is $43.57 and its 200 day moving average price is $40.61. The company has a market cap of $3.06 billion and a PE ratio of 84.00.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. During the same period in the prior year, the company earned $0.50 EPS. The company had revenue of $73.38 million for the quarter, compared to the consensus estimate of $68.78 million. The firm’s revenue was up 14.5% compared to the same quarter last year. On average, analysts anticipate that Education Realty Trust Inc. will post $1.78 EPS for the current fiscal year.

In other news, Director Kimberly Schaefer purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average cost of $41.60 per share, for a total transaction of $41,600.00. Following the transaction, the director now directly owns 2,800 shares of the company’s stock, valued at approximately $116,480. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Other hedge funds have bought and sold shares of the company. California State Teachers Retirement System boosted its stake in Education Realty Trust by 18.6% in the fourth quarter. California State Teachers Retirement System now owns 104,628 shares of the real estate investment trust’s stock worth $3,963,000 after buying an additional 16,418 shares during the last quarter. Swiss National Bank boosted its stake in Education Realty Trust by 18.4% in the fourth quarter. Swiss National Bank now owns 72,816 shares of the real estate investment trust’s stock worth $2,758,000 after buying an additional 11,301 shares during the last quarter. Sei Investments Co. boosted its stake in Education Realty Trust by 60.3% in the fourth quarter. Sei Investments Co. now owns 38,378 shares of the real estate investment trust’s stock worth $1,454,000 after buying an additional 14,444 shares during the last quarter. Rhumbline Advisers boosted its stake in Education Realty Trust by 8.1% in the fourth quarter. Rhumbline Advisers now owns 88,315 shares of the real estate investment trust’s stock worth $3,345,000 after buying an additional 6,605 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Education Realty Trust by 2.4% in the fourth quarter. New York State Common Retirement Fund now owns 73,100 shares of the real estate investment trust’s stock worth $2,769,000 after buying an additional 1,700 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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