KeyCorp reaffirmed their buy rating on shares of Education Realty Trust Inc. (NYSE:EDR) in a research note released on Wednesday. KeyCorp currently has a $47.00 price objective on the real estate investment trust’s stock.

A number of other research firms have also weighed in on EDR. Goldman Sachs Group, Inc. (The) raised shares of Education Realty Trust from a neutral rating to a buy rating and upped their target price for the stock from $40.00 to $42.00 in a report on Thursday, August 10th. BidaskClub raised shares of Education Realty Trust from a hold rating to a buy rating in a report on Friday, June 16th. Citigroup Inc. lowered shares of Education Realty Trust from a buy rating to a neutral rating and decreased their target price for the stock from $44.00 to $41.00 in a report on Thursday, June 29th. Sandler O’Neill lowered shares of Education Realty Trust from a buy rating to a hold rating and decreased their target price for the stock from $47.00 to $40.00 in a report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of Education Realty Trust from a hold rating to a sell rating in a report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Education Realty Trust has an average rating of Hold and an average price target of $44.67.

Shares of Education Realty Trust (NYSE:EDR) opened at 39.53 on Wednesday. Education Realty Trust has a 52-week low of $36.98 and a 52-week high of $45.03. The company’s 50 day moving average is $38.32 and its 200 day moving average is $39.15. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 91.93 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The business had revenue of $74.04 million for the quarter, compared to analyst estimates of $69.40 million. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. Education Realty Trust’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. Analysts anticipate that Education Realty Trust will post $0.52 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, July 27th. This is a boost from Education Realty Trust’s previous quarterly dividend of $0.38. Education Realty Trust’s payout ratio is currently 371.44%.

In related news, Director Wendell W. Weakley purchased 750 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average price of $38.65 per share, with a total value of $28,987.50. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Thomas purchased 800 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $37.51 per share, with a total value of $30,008.00. Following the purchase, the director now owns 3,299 shares in the company, valued at $123,745.49. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,550 shares of company stock valued at $96,496. Corporate insiders own 0.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in Education Realty Trust by 10.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Education Realty Trust by 11.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,440 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 470 shares in the last quarter. Keybank National Association OH grew its stake in Education Realty Trust by 4.1% in the 1st quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 235 shares in the last quarter. GAM Holding AG grew its stake in Education Realty Trust by 5.0% in the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 300 shares in the last quarter. Finally, Dubuque Bank & Trust Co. grew its stake in Education Realty Trust by 22.5% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 1,173 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.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

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