Education Realty Trust Inc. (NYSE:EDR) was upgraded by investment analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating in a report released on Thursday.

Other research analysts have also issued reports about the company. Canaccord Genuity set a $54.00 target price on Education Realty Trust and gave the company a “buy” rating in a research note on Sunday, September 11th. KeyCorp set a $52.00 target price on Education Realty Trust and gave the company a “buy” rating in a research note on Monday, August 22nd. Citigroup Inc. upgraded Education Realty Trust from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, October 4th. Capital One Financial Corp. began coverage on Education Realty Trust in a research note on Friday, September 23rd. They set an “equal weight” rating and a $54.00 price objective for the company. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $44.00 target price on shares of Education Realty Trust in a research note on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.75.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

Shares of Education Realty Trust (NYSE:EDR) opened at 39.71 on Thursday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 56.57 and a beta of 0.43. Education Realty Trust has a 1-year low of $34.76 and a 1-year high of $48.87. The firm’s 50-day moving average is $41.49 and its 200 day moving average is $43.76.

Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.02. The firm earned $66.23 million during the quarter, compared to analyst estimates of $62.09 million. Education Realty Trust had a net margin of 16.26% and a return on equity of 2.86%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities analysts expect that Education Realty Trust will post $1.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $1.52 dividend on an annualized basis and a yield of 3.83%. Education Realty Trust’s payout ratio is 205.41%.

Large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its stake in Education Realty Trust by 0.6% in the third quarter. Capstone Asset Management Co. now owns 8,070 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 50 shares during the last quarter. BlackRock Japan Co. Ltd increased its position in shares of Education Realty Trust by 3.0% in the second quarter. BlackRock Japan Co. Ltd now owns 3,370 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 97 shares in the last quarter. Shinko Asset Management Co. Ltd. increased its position in shares of Education Realty Trust by 4.2% in the third quarter. Shinko Asset Management Co. Ltd. now owns 2,500 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Education Realty Trust by 0.9% in the second quarter. Advisors Asset Management Inc. now owns 14,688 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 125 shares in the last quarter. Finally, Profund Advisors LLC increased its position in shares of Education Realty Trust by 2.5% in the second quarter. Profund Advisors LLC now owns 8,464 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 210 shares in 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.

5 Day Chart for NYSE:EDR

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