Education Realty Trust Inc. (NYSE:EDR) has been assigned a $38.00 price objective by equities research analysts at Robert W. Baird in a report released on Tuesday, October 31st. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential upside of 4.28% from the company’s previous close.
A number of other brokerages also recently commented on EDR. KeyCorp reissued a “buy” rating and issued a $47.00 target price on shares of Education Realty Trust in a research note on Wednesday, September 6th. BidaskClub raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet downgraded shares of Education Realty Trust from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) raised shares of Education Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $42.00 in a research report on Thursday, August 10th. Finally, Sandler O’Neill downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $47.00 to $40.00 in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.33.
Education Realty Trust (NYSE:EDR) opened at $36.44 on Tuesday. Education Realty Trust has a 1-year low of $34.67 and a 1-year high of $42.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $2,760.44, a PE ratio of 19.18, a price-to-earnings-growth ratio of 3.19 and a beta of 0.43.
Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.31). The business had revenue of $75.36 million for the quarter, compared to analysts’ expectations of $69.22 million. Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. equities research analysts anticipate that Education Realty Trust will post 1.9 EPS for the current year.
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In other Education Realty Trust news, Chairman Randy L. Churchey bought 20,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was bought at an average cost of $35.01 per share, with a total value of $700,200.00. Following the completion of the transaction, the chairman now directly owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Wendell W. Weakley bought 750 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $38.65 per share, with a total value of $28,987.50. The disclosure for this purchase can be found here. Insiders have purchased 25,750 shares of company stock worth $904,238 over the last ninety days. 0.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of EDR. Channing Capital Management LLC bought a new stake in shares of Education Realty Trust during the 2nd quarter worth $44,943,000. Deprince Race & Zollo Inc. bought a new stake in shares of Education Realty Trust during the 2nd quarter worth $17,991,000. Denver Investment Advisors LLC bought a new stake in shares of Education Realty Trust during the 2nd quarter worth $15,764,000. Goldman Sachs Group Inc. raised its stake in Education Realty Trust by 103.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 534,297 shares of the real estate investment trust’s stock valued at $20,704,000 after purchasing an additional 271,415 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Education Realty Trust by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,480,102 shares of the real estate investment trust’s stock valued at $212,354,000 after purchasing an additional 255,192 shares during 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.
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