Education Realty Trust Inc. (EDR) Given Average Recommendation of “Hold” by Analysts
Shares of Education Realty Trust Inc. (NYSE:EDR) have been given an average rating of “Hold” by the sixteen analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.88.
A number of research firms have recently weighed in on EDR. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. Citigroup Inc. cut Education Realty Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $44.00 to $41.00 in a research report on Thursday, June 29th. KeyCorp reissued a “buy” rating and issued a $47.00 price objective on shares of Education Realty Trust in a research report on Wednesday, September 6th. BidaskClub raised Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Bank of America Corporation cut Education Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th.
Education Realty Trust (NYSE EDR) opened at 39.77 on Friday. The stock’s 50 day moving average price is $38.39 and its 200-day moving average price is $39.07. The company has a market capitalization of $2.91 billion, a P/E ratio of 92.49 and a beta of 0.44. Education Realty Trust has a one year low of $36.98 and a one year high of $45.03.
Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The firm had revenue of $74.04 million during the quarter, compared to analysts’ expectations of $69.40 million. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. Equities analysts forecast that Education Realty Trust will post $0.53 EPS for the current year.
In other news, Director Wendell W. Weakley purchased 750 shares of the stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $38.65 per share, with a total value of $28,987.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Edwin B. Brewer, Jr. purchased 1,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $37.50 per share, with a total value of $37,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 2,550 shares of company stock valued at $96,496. 0.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP acquired a new stake in Education Realty Trust during the 2nd quarter worth about $1,048,000. Assetmark Inc. lifted its position in Education Realty Trust by 9.9% during the 2nd quarter. Assetmark Inc. now owns 212,420 shares of the real estate investment trust’s stock worth $8,231,000 after acquiring an additional 19,187 shares during the period. The Manufacturers Life Insurance Company lifted its position in Education Realty Trust by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 161,030 shares of the real estate investment trust’s stock worth $6,239,000 after acquiring an additional 1,329 shares during the period. State Street Corp lifted its position in Education Realty Trust by 2.6% during the 2nd 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. Finally, Macquarie Group Ltd. lifted its position in Education Realty Trust by 3.1% during the 2nd quarter. Macquarie Group Ltd. now owns 957,161 shares of the real estate investment trust’s stock worth $37,091,000 after acquiring an additional 28,768 shares during the period.
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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