Education Realty Trust Inc. (EDR) Receives $41.43 Consensus PT from Brokerages

Shares of Education Realty Trust Inc. (NYSE:EDR) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $41.43.

A number of analysts recently commented on EDR shares. FBR & Co reaffirmed a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. BidaskClub raised Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. KeyCorp reaffirmed a “buy” rating and issued a $47.00 target price on shares of Education Realty Trust in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) raised Education Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $40.00 to $42.00 in a research report on Thursday, August 10th. Finally, TheStreet lowered Education Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, July 31st.

In related news, Director Wendell W. Weakley acquired 750 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost 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 accessible through this link. Also, Director John T. Thomas acquired 800 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $37.51 per share, with a total value of $30,008.00. Following the completion of the acquisition, the director now directly owns 3,299 shares in the company, valued at approximately $123,745.49. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,550 shares of company stock valued at $96,496 over the last three months. Corporate insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of EDR. BlackRock Inc. increased its holdings in Education Realty Trust by 6,848.8% during the 1st quarter. BlackRock Inc. now owns 9,549,792 shares of the real estate investment trust’s stock worth $390,108,000 after purchasing an additional 9,412,361 shares in the last quarter. Channing Capital Management LLC bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $44,943,000. Nuveen Asset Management LLC increased its holdings in Education Realty Trust by 119.6% during the 1st quarter. Nuveen Asset Management LLC now owns 932,855 shares of the real estate investment trust’s stock worth $38,107,000 after purchasing an additional 508,153 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $17,991,000. Finally, Denver Investment Advisors LLC bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $15,764,000.

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Education Realty Trust (NYSE:EDR) traded up 1.03% on Wednesday, hitting $37.39. The stock had a trading volume of 493,909 shares. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 86.95 and a beta of 0.45. Education Realty Trust has a 52 week low of $35.57 and a 52 week high of $43.16. The company has a 50-day moving average price of $37.89 and a 200-day moving average price of $38.61.

Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The business had revenue of $74.04 million during the quarter, compared to analyst estimates of $69.40 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that Education Realty Trust will post $0.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Monday, October 30th. Education Realty Trust’s dividend payout ratio is c

A number of analysts recently commented on EDR shares. FBR & Co reaffirmed a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. BidaskClub raised Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. KeyCorp reaffirmed a “buy” rating and issued a $47.00 target price on shares of Education Realty Trust in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) raised Education Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $40.00 to $42.00 in a research report on Thursday, August 10th. Finally, TheStreet lowered Education Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, July 31st.

In related news, Director Wendell W. Weakley acquired 750 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost 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 accessible through this link. Also, Director John T. Thomas acquired 800 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $37.51 per share, with a total value of $30,008.00. Following the completion of the acquisition, the director now directly owns 3,299 shares in the company, valued at approximately $123,745.49. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,550 shares of company stock valued at $96,496 over the last three months. Corporate insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of EDR. BlackRock Inc. increased its holdings in Education Realty Trust by 6,848.8% during the 1st quarter. BlackRock Inc. now owns 9,549,792 shares of the real estate investment trust’s stock worth $390,108,000 after purchasing an additional 9,412,361 shares in the last quarter. Channing Capital Management LLC bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $44,943,000. Nuveen Asset Management LLC increased its holdings in Education Realty Trust by 119.6% during the 1st quarter. Nuveen Asset Management LLC now owns 932,855 shares of the real estate investment trust’s stock worth $38,107,000 after purchasing an additional 508,153 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $17,991,000. Finally, Denver Investment Advisors LLC bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $15,764,000.

TRADEMARK VIOLATION NOTICE: This piece of content was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/23/education-realty-trust-inc-edr-receives-41-43-consensus-pt-from-brokerages.html.

Education Realty Trust (NYSE:EDR) traded up 1.03% on Wednesday, hitting $37.39. The stock had a trading volume of 493,909 shares. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 86.95 and a beta of 0.45. Education Realty Trust has a 52 week low of $35.57 and a 52 week high of $43.16. The company has a 50-day moving average price of $37.89 and a 200-day moving average price of $38.61.

Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The business had revenue of $74.04 million during the quarter, compared to analyst estimates of $69.40 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that Education Realty Trust will post $0.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Monday, October 30th. Education Realty Trust’s dividend payout ratio is currently 371.44%.

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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