Education Realty Trust Inc. (NYSE:EDR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

Other analysts have also issued reports about the company. Canaccord Genuity set a $54.00 price objective on Education Realty Trust and gave the company a “buy” rating in a report on Sunday, September 11th. Robert W. Baird raised Education Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective 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. FBR & Co raised their price objective on Education Realty Trust from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. JPMorgan Chase & Co. reissued a “hold” rating and issued a $44.00 price objective on shares of Education Realty Trust in a report on Wednesday, August 3rd. Finally, Citigroup Inc. raised Education Realty Trust from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.75.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

Education Realty Trust (NYSE:EDR) opened at 39.71 on Tuesday. The stock’s 50 day moving average price is $41.49 and its 200 day moving average price is $43.76. Education Realty Trust has a 52-week low of $34.76 and a 52-week high of $48.87. The company has a market cap of $2.90 billion, a P/E ratio of 56.57 and a beta of 0.43.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors 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%.

A number of institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted 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 valued at $348,000 after buying an additional 50 shares during the period. BlackRock Japan Co. Ltd boosted its stake in 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 valued at $155,000 after buying an additional 97 shares during the period. Shinko Asset Management Co. Ltd. boosted its stake in 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 valued at $108,000 after buying an additional 100 shares during the period. Advisors Asset Management Inc. boosted its stake in 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 valued at $678,000 after buying an additional 125 shares during the period. Finally, Profund Advisors LLC boosted its stake in 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 valued at $391,000 after buying an additional 210 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.

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