Education Realty Trust (EDR) Lowered to “Neutral” at Goldman Sachs

Goldman Sachs lowered shares of Education Realty Trust (NYSE:EDR) from a buy rating to a neutral rating in a research report report published on Wednesday morning, MarketBeat.com reports.

EDR has been the subject of several other reports. Robert W. Baird set a $36.00 price target on Education Realty Trust and gave the company a buy rating in a report on Thursday, February 22nd. B. Riley set a $44.00 price target on Education Realty Trust and gave the company a buy rating in a report on Tuesday, February 20th. Zacks Investment Research upgraded Education Realty Trust from a sell rating to a hold rating in a report on Tuesday. TheStreet upgraded Education Realty Trust from a c rating to a b- rating in a report on Monday, May 7th. Finally, Sandler O’Neill reiterated a hold rating and set a $34.00 price target on shares of Education Realty Trust in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $40.13.

Education Realty Trust traded down $0.08, hitting $33.93, on Wednesday, MarketBeat.com reports. 4,207 shares of the company’s stock traded hands, compared to its average volume of 577,100. The stock has a market cap of $2.56 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 3.71 and a beta of 0.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.18 and a quick ratio of 0.18. Education Realty Trust has a 1 year low of $33.46 and a 1 year high of $33.94.

Education Realty Trust (NYSE:EDR) last announced its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The firm had revenue of $90.70 million for the quarter, compared to analyst estimates of $85.79 million. Education Realty Trust had a net margin of 21.50% and a return on equity of 3.95%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. equities research analysts anticipate that Education Realty Trust will post 1.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were issued a $0.39 dividend. The ex-dividend date was Friday, April 27th. This represents a $1.56 annualized dividend and a yield of 4.60%. Education Realty Trust’s dividend payout ratio (DPR) is currently 82.11%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ranger Global Real Estate Advisors LLC lifted its holdings in Education Realty Trust by 36.4% in the 4th quarter. Ranger Global Real Estate Advisors LLC now owns 112,386 shares of the real estate investment trust’s stock worth $3,925,000 after purchasing an additional 30,000 shares during the last quarter. William Blair Investment Management LLC grew its position in Education Realty Trust by 26.5% in the fourth quarter. William Blair Investment Management LLC now owns 726,594 shares of the real estate investment trust’s stock valued at $25,373,000 after acquiring an additional 151,998 shares during the period. V3 Capital Management L.P. bought a new stake in Education Realty Trust in the fourth quarter valued at $11,630,000. MetLife Investment Advisors LLC bought a new stake in Education Realty Trust in the fourth quarter valued at $2,910,000. Finally, Swiss National Bank grew its position in Education Realty Trust by 2.0% in the fourth quarter. Swiss National Bank now owns 124,696 shares of the real estate investment trust’s stock valued at $4,354,000 after acquiring an additional 2,500 shares during the period.

Education Realty Trust Company Profile

One of America's largest owners, developers and managers of collegiate housing, EdR (NYSE:EDR) is a self-administered and self-managed real estate investment trust that owns or manages 85 communities with more than 45,500 beds serving 53 universities in 26 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

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