Education Realty Trust (NYSE:EDR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Education Realty Trust owns, manages, and develops student housing communities located near university campuses throughout the United States. EDR will elect to be taxed as a real estate investment trust. EDR also manages student housing communities for college and university systems across the country. “
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Several other research analysts also recently commented on the stock. B. Riley set a $44.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, February 20th. Sandler O’Neill reissued a “hold” rating and set a $34.00 price objective on shares of Education Realty Trust in a report on Monday, February 26th. Robert W. Baird set a $36.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, TheStreet raised shares of Education Realty Trust from a “c” rating to a “b-” rating in a report on Monday, May 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $40.13.
Shares of Education Realty Trust stock opened at $34.01 on Tuesday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 17.90, a PEG ratio of 3.76 and a beta of 0.39. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.53. Education Realty Trust has a fifty-two week low of $33.46 and a fifty-two week high of $33.94.
Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, April 30th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $90.70 million during the quarter, compared to the consensus estimate of $85.79 million. Education Realty Trust had a return on equity of 3.95% and a net margin of 21.50%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. sell-side analysts forecast that Education Realty Trust will post 1.85 EPS for the current year.
Several large investors have recently made changes to their positions in EDR. PNC Financial Services Group Inc. lifted its holdings in shares of Education Realty Trust by 140.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,439 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 2,008 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Education Realty Trust by 72.8% in the 4th quarter. Advisor Group Inc. now owns 5,488 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 2,312 shares during the last quarter. Pitcairn Co. bought a new position in shares of Education Realty Trust in the 1st quarter valued at about $224,000. Xact Kapitalforvaltning AB bought a new position in shares of Education Realty Trust in the 4th quarter valued at about $240,000. Finally, Brinker Capital Inc. bought a new position in shares of Education Realty Trust in the 1st quarter valued at about $247,000.
About Education Realty Trust
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.
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