Education Realty Trust Inc. (NYSE:EDR)‘s stock had its “outperform” rating reiterated by equities researchers at Robert W. Baird in a research note issued on Monday. They presently have a $40.00 target price on the real estate investment trust’s stock, down from their prior target price of $45.00. Robert W. Baird’s target price indicates a potential upside of 9.68% from the company’s current price.

EDR has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) upgraded Education Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $40.00 to $42.00 in a research report on Thursday, August 10th. Bank of America Corporation lowered Education Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. TheStreet cut Education Realty Trust from a “b” rating to a “c+” rating in a report on Monday, July 31st. BidaskClub cut Education Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. Finally, KeyCorp reaffirmed a “buy” rating and set a $47.00 target price on shares of Education Realty Trust in a research report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $42.63.

Education Realty Trust (NYSE EDR) traded down 1.083% during mid-day trading on Monday, hitting $36.075. The company had a trading volume of 391,600 shares. The company has a market cap of $2.64 billion, a PE ratio of 83.895 and a beta of 0.45. Education Realty Trust has a one year low of $35.57 and a one year high of $43.16. The company’s 50 day moving average price is $38.31 and its 200-day moving average price is $38.81.

Education Realty Trust (NYSE:EDR) last issued 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 firm had revenue of $74.04 million during the quarter, compared to analysts’ expectations of $69.40 million. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Equities research analysts anticipate that Education Realty Trust will post $0.51 EPS for the current fiscal year.

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In other Education Realty Trust news, Director Wendell W. Weakley bought 750 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $38.65 per share, for a total transaction of $28,987.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Thomas bought 800 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the acquisition, the director now directly owns 3,299 shares in the company, valued at $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 90 days. Corporate insiders own 0.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of EDR. Vanguard Group Inc. grew its position in Education Realty Trust by 2.6% during the first quarter. Vanguard Group Inc. now owns 11,605,728 shares of the real estate investment trust’s stock valued at $474,095,000 after purchasing an additional 294,760 shares in the last quarter. BlackRock Inc. increased its stake in Education Realty Trust by 0.8% in the 2nd quarter. BlackRock Inc. now owns 9,621,591 shares of the real estate investment trust’s stock valued at $372,836,000 after buying an additional 71,799 shares during the period. Daiwa Securities Group Inc. increased its stake in Education Realty Trust by 4.9% in 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 buying an additional 255,192 shares during the period. State Street Corp increased its stake in Education Realty Trust by 2.6% in the 2nd quarter. State Street Corp now owns 3,431,312 shares of the real estate investment trust’s stock valued at $132,966,000 after buying an additional 87,185 shares during the period. Finally, Northern Trust Corp increased its stake in Education Realty Trust by 4.6% in the 2nd quarter. Northern Trust Corp now owns 2,095,596 shares of the real estate investment trust’s stock valued at $81,203,000 after buying an additional 91,564 shares during the period.

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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