Shares of Education Realty Trust Inc. (NYSE:EDR) have earned a consensus rating of “Hold” from the fourteen analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $41.60.

Several research analysts have weighed in on EDR shares. KeyCorp reiterated a “buy” rating and issued a $47.00 price target on shares of Education Realty Trust in a report on Wednesday, September 6th. Royal Bank Of Canada cut their price target on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 price target (down from $45.00) on shares of Education Realty Trust in a report on Monday, October 2nd. B. Riley set a $44.00 price target on Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, FBR & Co reiterated a “buy” rating and issued a $44.00 price target on shares of Education Realty Trust in a report on Monday, October 30th.

In other news, Chairman Randy L. Churchey acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was acquired at an average cost of $35.01 per share, for a total transaction of $700,200.00. Following the acquisition, the chairman now directly owns 149,506 shares in the company, valued at approximately $5,234,205.06. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average price of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. People s United Financial Inc. boosted its position in Education Realty Trust by 0.8% during the 2nd quarter. People s United Financial Inc. now owns 13,999 shares of the real estate investment trust’s stock worth $542,000 after purchasing an additional 105 shares during the period. Capstone Asset Management Co. boosted its position in Education Realty Trust by 1.3% during the 2nd quarter. Capstone Asset Management Co. now owns 8,560 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 110 shares during the period. Amalgamated Bank boosted its position in Education Realty Trust by 1.3% during the 2nd quarter. Amalgamated Bank now owns 10,431 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 135 shares during the period. Suntrust Banks Inc. boosted its position in Education Realty Trust by 0.3% during the 2nd quarter. Suntrust Banks Inc. now owns 87,777 shares of the real estate investment trust’s stock worth $3,401,000 after purchasing an additional 300 shares during the period. Finally, GAM Holding AG boosted its position in Education Realty Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 300 shares during the period.

Education Realty Trust (NYSE:EDR) opened at $36.72 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29. Education Realty Trust has a 12-month low of $34.67 and a 12-month high of $42.80. The stock has a market capitalization of $2,773.31, a P/E ratio of 19.27, a P/E/G ratio of 3.21 and a beta of 0.43.

Education Realty Trust (NYSE:EDR) last issued its quarterly 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 business 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 company’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. analysts predict that Education Realty Trust will post 1.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.39 per share. The ex-dividend date was Monday, October 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.25%. Education Realty Trust’s payout ratio is 339.14%.

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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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