Education Realty Trust Inc. (NYSE:EDR) had its price target cut by stock analysts at Royal Bank Of Canada from $43.00 to $40.00 in a research note issued on Wednesday. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 10.65% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Robert W. Baird set a $38.00 target price on shares of Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, October 31st. FBR & Co reaffirmed a “buy” rating and issued a $44.00 target price on shares of Education Realty Trust in a report on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and issued a $47.00 target price on shares of Education Realty Trust in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) raised shares of Education Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $42.00 in a report on Thursday, August 10th. Finally, TheStreet cut shares of Education Realty Trust from a “b” rating to a “c+” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Education Realty Trust currently has an average rating of “Hold” and an average target price of $41.33.

Shares of Education Realty Trust (NYSE:EDR) opened at $36.15 on Wednesday. The firm has a market cap of $2,736.20, a P/E ratio of 19.01, a P/E/G ratio of 3.16 and a beta of 0.43. Education Realty Trust has a 1-year low of $34.67 and a 1-year high of $42.80. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.44.

Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.31). The firm had revenue of $75.36 million during the quarter, compared to analyst estimates of $69.22 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. equities analysts forecast that Education Realty Trust will post 1.9 EPS for the current year.

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In other Education Realty Trust news, Director Wendell W. Weakley bought 750 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $38.65 per share, for a total transaction of $28,987.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Randy L. Churchey bought 20,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were acquired at an average price of $35.01 per share, for a total transaction of $700,200.00. Following the completion of the transaction, the chairman now owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The disclosure for this purchase can be found here. Insiders acquired 25,750 shares of company stock worth $904,238 over the last quarter. 0.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Education Realty Trust by 10.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Education Realty Trust by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 477 shares during the last quarter. GAM Holding AG grew its position in shares of Education Realty Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 300 shares during the last quarter. Dubuque Bank & Trust Co. grew its position in shares of Education Realty Trust by 22.5% during the second quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 1,173 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in shares of Education Realty Trust by 87.7% during the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 3,158 shares during the last quarter.

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)

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