Education Realty Trust Inc. (EDR) Upgraded by Citigroup Inc. to “Buy”
Citigroup Inc. upgraded shares of Education Realty Trust Inc. (NYSE:EDR) from a neutral rating to a buy rating in a report published on Tuesday morning. Citigroup Inc. currently has $46.00 price objective on the real estate investment trust’s stock.
A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut Education Realty Trust from a buy rating to a hold rating in a research report on Tuesday, July 5th. KeyCorp set a $52.00 price objective on Education Realty Trust and gave the company a buy rating in a research report on Monday, August 22nd. JPMorgan Chase & Co. reaffirmed a hold rating and set a $44.00 price objective on shares of Education Realty Trust in a research report on Wednesday, August 3rd. Canaccord Genuity lifted their price objective on Education Realty Trust from $51.00 to $54.00 and gave the company a buy rating in a research report on Tuesday, August 2nd. Finally, Evercore ISI started coverage on Education Realty Trust in a research report on Monday, June 6th. They set a hold rating and a $45.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Education Realty Trust presently has a consensus rating of Hold and a consensus price target of $47.75.
Shares of Education Realty Trust (NYSE:EDR) traded down 0.51% on Tuesday, reaching $40.86. 197,542 shares of the company’s stock were exchanged. Education Realty Trust has a one year low of $32.90 and a one year high of $48.87. The firm has a market cap of $2.98 billion, a PE ratio of 53.83 and a beta of 0.48. The company has a 50 day moving average price of $44.40 and a 200 day moving average price of $43.65.
Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.39. Education Realty Trust had a return on equity of 3.22% and a net margin of 16.30%. The firm had revenue of $65.14 million for the quarter, compared to analysts’ expectations of $61.88 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts expect that Education Realty Trust will post $1.77 EPS for the current fiscal year.
In other Education Realty Trust news, Director Monte J. Barrow sold 5,000 shares of Education Realty Trust stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the director now owns 10,162 shares of the company’s stock, valued at approximately $467,452. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in EDR. Tower Research Capital LLC TRC purchased a new stake in Education Realty Trust during the second quarter worth about $130,000. BlackRock Japan Co. Ltd increased its position in Education Realty Trust by 13.1% in the first quarter. BlackRock Japan Co. Ltd now owns 3,273 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 379 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Education Realty Trust by 7.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 238 shares in the last quarter. LS Investment Advisors LLC increased its position in Education Realty Trust by 84.7% in the second quarter. LS Investment Advisors LLC now owns 3,997 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 1,833 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Education Realty Trust during the second quarter valued at $207,000.
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.
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