Zacks Investment Research cut shares of Education Realty Trust Inc. (NYSE:EDR) from a hold rating to a sell rating in a research note issued to investors on Monday.

According to Zacks, “Education Realty Trust owns, manages, and develops student housing communities located near university campuses throughout the United States. EDR will elect to be taxed as a real estate investment trust. EDR also manages student housing communities for college and university systems across the country. “

EDR has been the topic of several other research reports. Capital One Financial Corp. started coverage on Education Realty Trust in a research report on Friday, September 23rd. They issued an equal weight rating and a $54.00 price objective on the stock. KeyCorp set a $52.00 price objective on Education Realty Trust and gave the stock a buy rating in a research report on Monday, August 22nd. Canaccord Genuity reissued a buy rating and issued a $51.00 price objective (up previously from $45.00) on shares of Education Realty Trust in a research report on Monday, July 11th. Hilliard Lyons cut Education Realty Trust from a neutral rating to an underperform rating in a research report on Friday, July 1st. Finally, Citigroup Inc. assumed coverage on Education Realty Trust in a research note on Wednesday, September 7th. They issued a neutral rating and a $46.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $47.75.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

Education Realty Trust (NYSE:EDR) traded down 0.59% during mid-day trading on Monday, hitting $40.31. The stock had a trading volume of 138,731 shares. The stock has a market capitalization of $2.94 billion, a P/E ratio of 53.11 and a beta of 0.48. Education Realty Trust has a 52 week low of $32.90 and a 52 week high of $48.87. The company’s 50 day moving average is $43.81 and its 200-day moving average is $43.65.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Education Realty Trust had a return on equity of 3.22% and a net margin of 16.30%. The business had revenue of $65.14 million for the quarter, compared to analysts’ expectations of $61.88 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. On average, analysts expect that Education Realty Trust will post $1.77 EPS for the current fiscal year.

In other Education Realty Trust news, Director Monte J. Barrow sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at approximately $467,452. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in EDR. Texas Permanent School Fund boosted its stake in Education Realty Trust by 9.1% in the first quarter. Texas Permanent School Fund now owns 50,105 shares of the real estate investment trust’s stock valued at $2,084,000 after buying an additional 4,167 shares during the period. Nisa Investment Advisors L.L.C. acquired a new stake in Education Realty Trust during the first quarter valued at $416,000. TIAA CREF Investment Management LLC boosted its stake in Education Realty Trust by 6.3% in the first quarter. TIAA CREF Investment Management LLC now owns 230,170 shares of the real estate investment trust’s stock valued at $9,575,000 after buying an additional 13,588 shares during the period. Teachers Advisors Inc. boosted its stake in Education Realty Trust by 16.2% in the first quarter. Teachers Advisors Inc. now owns 90,995 shares of the real estate investment trust’s stock valued at $3,785,000 after buying an additional 12,716 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Education Realty Trust by 17.5% in the first quarter. Prudential Financial Inc. now owns 151,517 shares of the real estate investment trust’s stock valued at $6,303,000 after buying an additional 22,530 shares during the period.

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.

5 Day Chart for NYSE:EDR

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