Somewhat Positive News Coverage Somewhat Unlikely to Affect Education Realty Trust (EDR) Share Price
Media stories about Education Realty Trust (NYSE:EDR) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Education Realty Trust earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.2711086339019 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- $86.76 Million in Sales Expected for Education Realty Trust, Inc. (EDR) This Quarter (americanbankingnews.com)
- Zacks: Analysts Expect Education Realty Trust, Inc. (EDR) to Announce $0.58 EPS (americanbankingnews.com)
- Education Realty Trust (EDR) Lowered to Underweight at J P Morgan Chase & Co (americanbankingnews.com)
- Education Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : EDR-US : December 15, 2017 (finance.yahoo.com)
Education Realty Trust (EDR) remained flat at $$36.20 during trading on Friday. The company had a trading volume of 2,450,000 shares, compared to its average volume of 596,875. Education Realty Trust has a 52 week low of $34.67 and a 52 week high of $42.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $2,740.00, a price-to-earnings ratio of 19.05, a PEG ratio of 3.18 and a beta of 0.43.
Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.31). Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The company had revenue of $75.36 million for the quarter, compared to analyst estimates of $69.22 million. During the same period in the previous year, the business posted $0.26 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. research analysts predict that Education Realty Trust will post 1.9 EPS for the current fiscal year.
EDR has been the topic of a number of research reports. B. Riley set a $44.00 price target on Education Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Royal Bank of Canada dropped their price target on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. KeyCorp reaffirmed a “buy” rating and set a $47.00 price objective on shares of Education Realty Trust in a research report on Wednesday, September 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price objective (down from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. Finally, FBR & Co reaffirmed a “buy” rating and set a $44.00 price objective on shares of Education Realty Trust in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Education Realty Trust currently has a consensus rating of “Hold” and an average price target of $41.60.
In other Education Realty Trust news, VP Edwin B. Brewer, Jr. purchased 5,000 shares of Education Realty Trust stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average cost of $35.01 per share, with a total value of $175,050.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Randy L. Churchey purchased 20,000 shares of Education Realty Trust stock in a transaction dated Wednesday, November 1st. The stock was acquired at an average cost of $35.01 per share, with a total value of $700,200.00. Following the completion of the acquisition, the chairman now directly owns 149,506 shares in the company, valued at $5,234,205.06. The disclosure for this purchase can be found here. 0.50% of the stock is owned by company insiders.
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Education Realty Trust Company Profile
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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