Education Realty Trust Inc. (NYSE:EDR) had its target price cut by Canaccord Genuity from $54.00 to $51.00 in a research note issued to investors on Monday. They currently have a buy rating on the real estate investment trust’s stock.

A number of other research analysts have also commented on EDR. Evercore ISI initiated coverage on shares of Education Realty Trust in a research report on Monday, June 6th. They set a hold rating and a $45.00 price objective for the company. FBR & Co initiated coverage on shares of Education Realty Trust in a research report on Thursday, June 23rd. They set an outperform rating and a $48.00 price objective for the company. Hilliard Lyons lowered shares of Education Realty Trust from a neutral rating to an underperform rating in a research report on Friday, July 1st. Zacks Investment Research cut shares of Education Realty Trust from a buy rating to a hold rating in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. reissued a hold rating and issued a $44.00 target price on shares of Education Realty Trust in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Education Realty Trust has an average rating of Hold and an average price target of $47.75.

Shares of Education Realty Trust (NYSE:EDR) traded down 1.60% during midday trading on Monday, reaching $41.28. The company had a trading volume of 81,829 shares. The company has a market capitalization of $3.02 billion, a P/E ratio of 54.39 and a beta of 0.48. Education Realty Trust has a 12 month low of $32.90 and a 12 month high of $48.87. The firm’s 50 day moving average price is $44.56 and its 200-day moving average price is $43.66.

Education Realty Trust (NYSE:EDR) last announced its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business earned $65.14 million during the quarter, compared to analyst estimates of $61.88 million. Education Realty Trust had a net margin of 16.30% and a return on equity of 3.22%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. Analysts anticipate that Education Realty Trust will post $1.77 earnings per share for the current fiscal year.

In related news, Director Monte J. Barrow sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the director now directly owns 10,162 shares in the company, valued at $467,452. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Credit Agricole S A raised its position in shares of Education Realty Trust by 1.8% in the first quarter. Credit Agricole S A now owns 22,550 shares of the real estate investment trust’s stock valued at $938,000 after buying an additional 400 shares in the last quarter. Palisade Capital Management LLC NJ raised its position in shares of Education Realty Trust by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 525,096 shares of the real estate investment trust’s stock valued at $21,844,000 after buying an additional 50,480 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Education Realty Trust during the first quarter valued at $1,344,000. BlackRock Japan Co. Ltd raised its position in shares of 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. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Education Realty Trust by 13.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,383,933 shares of the real estate investment trust’s stock valued at $99,172,000 after buying an additional 282,600 shares in the last quarter.

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.

5 Day Chart for NYSE:EDR

Receive News & Stock 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 stocks with our FREE daily email newsletter.