Shares of Education Realty Trust Inc. (NYSE:EDR) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $47.27.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Education Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, October 10th. Citigroup Inc. upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, October 4th. Canaccord Genuity dropped their target price on shares of Education Realty Trust from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, October 3rd. Capital One Financial Corp. assumed coverage on shares of Education Realty Trust in a report on Friday, September 23rd. They set an “equal weight” rating and a $54.00 target price on the stock. Finally, Robert W. Baird upgraded shares of Education Realty Trust from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $42.97 to $47.00 in a report on Tuesday, September 20th. They noted that the move was a valuation call.

In other Education Realty Trust news, Director Monte J. Barrow sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 10,162 shares of the company’s stock, valued at approximately $467,452. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Employees Retirement System of Texas raised its stake in Education Realty Trust by 17.1% in the second quarter. Employees Retirement System of Texas now owns 273,756 shares of the real estate investment trust’s stock valued at $12,631,000 after buying an additional 40,000 shares during the last quarter. Emerald Advisers Inc. PA raised its stake in Education Realty Trust by 21.2% in the second quarter. Emerald Advisers Inc. PA now owns 461,725 shares of the real estate investment trust’s stock valued at $21,304,000 after buying an additional 80,760 shares during the last quarter. Palisade Capital Management LLC NJ raised its stake in Education Realty Trust by 4.5% in the second quarter. Palisade Capital Management LLC NJ now owns 548,787 shares of the real estate investment trust’s stock valued at $25,321,000 after buying an additional 23,691 shares during the last quarter. Geode Capital Management LLC raised its stake in Education Realty Trust by 19.4% in the first quarter. Geode Capital Management LLC now owns 502,292 shares of the real estate investment trust’s stock valued at $20,895,000 after buying an additional 81,757 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Education Realty Trust by 20.1% in the second quarter. Daiwa Securities Group Inc. now owns 5,097,189 shares of the real estate investment trust’s stock valued at $235,184,000 after buying an additional 854,423 shares during the last quarter.

Shares of Education Realty Trust (NYSE:EDR) opened at 40.72 on Thursday. Education Realty Trust has a one year low of $34.26 and a one year high of $48.87. The stock has a market cap of $2.98 billion, a P/E ratio of 58.01 and a beta of 0.43. The stock has a 50 day moving average of $41.74 and a 200 day moving average of $43.79.

Education Realty Trust (NYSE:EDR) last announced its earnings results on Monday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.02. Education Realty Trust had a net margin of 16.26% and a return on equity of 2.86%. The business had revenue of $66.23 million for the quarter, compared to the consensus estimate of $62.09 million. During the same quarter last year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts forecast that Education Realty Trust will post $1.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, October 27th. Education Realty Trust’s dividend payout ratio (DPR) is 205.41%.

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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