Education Realty Trust Inc. (NYSE:EDR) was upgraded by stock analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a research note issued on Wednesday.

A number of other equities research analysts also recently issued reports on EDR. FBR & Co increased their target price on shares of Education Realty Trust from $48.00 to $51.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Canaccord Genuity increased their target price on shares of Education Realty Trust from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Zacks Investment Research lowered shares of Education Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. restated a “hold” rating and set a $44.00 price target on shares of Education Realty Trust in a research note on Wednesday, August 3rd. Finally, KeyCorp set a $52.00 price target on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Monday, August 22nd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Education Realty Trust presently has an average rating of “Buy” and an average price target of $47.75.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

Shares of Education Realty Trust (NYSE:EDR) opened at 40.06 on Wednesday. Education Realty Trust has a 52 week low of $34.76 and a 52 week high of $48.87. The stock has a 50 day moving average of $41.13 and a 200-day moving average of $43.73. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 57.07 and a beta of 0.43.

Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 earned $66.23 million during the quarter, compared to analysts’ expectations of $62.09 million. During the same quarter in the previous year, the company earned $0.30 EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts expect that Education Realty Trust will post $1.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were paid a $0.38 dividend. 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 3.79%. Education Realty Trust’s payout ratio is presently 205.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its position in Education Realty Trust by 2.4% in the third quarter. D.A. Davidson & CO. now owns 5,191 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 120 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Education Realty Trust during the third quarter worth about $519,000. Credit Suisse AG raised its position in Education Realty Trust by 29.7% in the third quarter. Credit Suisse AG now owns 339,387 shares of the real estate investment trust’s stock worth $14,641,000 after buying an additional 77,723 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Education Realty Trust by 83.2% in the third quarter. Ameritas Investment Partners Inc. now owns 28,637 shares of the real estate investment trust’s stock worth $1,235,000 after buying an additional 13,009 shares during the last quarter. Finally, Phocas Financial Corp. raised its position in Education Realty Trust by 6.8% in the third quarter. Phocas Financial Corp. now owns 216,872 shares of the real estate investment trust’s stock worth $9,356,000 after buying an additional 13,744 shares during the last quarter.

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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

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