BidaskClub downgraded shares of Education Realty Trust Inc. (NYSE:EDR) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

Other analysts also recently issued reports about the company. JMP Securities downgraded Education Realty Trust from an outperform rating to a market perform rating in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Royal Bank Of Canada restated a buy rating on shares of Education Realty Trust in a report on Wednesday, May 3rd. Canaccord Genuity cut Education Realty Trust from a buy rating to a hold rating and lowered their target price for the company from $46.00 to $43.00 in a report on Monday, April 10th. Bank of America Corporation cut Education Realty Trust from a buy rating to a neutral rating in a report on Friday, June 30th. Finally, FBR & Co restated a buy rating on shares of Education Realty Trust in a report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Education Realty Trust has a consensus rating of Hold and a consensus price target of $46.89.

Shares of Education Realty Trust (EDR) traded up 1.94% during mid-day trading on Wednesday, hitting $38.94. 731,019 shares of the stock were exchanged. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 63.84 and a beta of 0.45. The company has a 50-day moving average price of $38.90 and a 200-day moving average price of $40.13. Education Realty Trust has a 12 month low of $36.98 and a 12 month high of $48.87.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.35. The business had revenue of $85.80 million for the quarter, compared to analyst estimates of $78.54 million. Education Realty Trust had a return on equity of 2.47% and a net margin of 14.74%. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. Equities analysts expect that Education Realty Trust will post $0.53 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/07/17/education-realty-trust-inc-edr-cut-to-sell-at-bidaskclub.html.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.01%. This is a boost from Education Realty Trust’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, July 27th. Education Realty Trust’s dividend payout ratio (DPR) is 249.18%.

In related news, Director Kimberly Schaefer acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of $37.63 per share, for a total transaction of $37,630.00. Following the purchase, the director now owns 5,909 shares of the company’s stock, valued at approximately $222,355.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in EDR. Dimensional Fund Advisors LP boosted its position in shares of Education Realty Trust by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 935,346 shares of the real estate investment trust’s stock valued at $39,565,000 after buying an additional 70,480 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Education Realty Trust by 2.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 36,698 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 1,000 shares during the last quarter. Norges Bank bought a new position in shares of Education Realty Trust during the fourth quarter valued at about $30,532,000. Teachers Advisors LLC boosted its position in shares of Education Realty Trust by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 120,897 shares of the real estate investment trust’s stock valued at $5,114,000 after buying an additional 6,538 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in shares of Education Realty Trust during the fourth quarter valued at about $6,678,000.

About Education Realty Trust

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)

Receive News & Ratings for Education Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.