Rating Alert: What To Expect After Education Realty Trust (NYSE:EDR)’s Upgrade Rating From BofA Merrill?

November 23, 2016 - By Linda Rogers

Rating Alert:  What To Expect After Education Realty Trust (NYSE:EDR)'s Upgrade Rating From BofA Merrill?

Education Realty Trust (NYSE:EDR) Upgrade

In a analysts report sent to clients and investors on Wednesday morning, BofA Merrill upped shares of Education Realty Trust (NYSE:EDR) to a “Buy” rating from “Neutral” rating.

Education Realty Trust, Inc. (NYSE:EDR) Ratings Coverage

Out of 10 analysts covering Education Realty Trust (NYSE:EDR), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. $54 is the highest target while $37 is the lowest. The $47.11 average target is 18.72% above today’s ($39.68) stock price. Education Realty Trust has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was initiated by CapitalOne with “Equal Weight” on Friday, September 23. The stock of Education Realty Trust, Inc. (NYSE:EDR) earned “Outperform” rating by RBC Capital Markets on Tuesday, February 23. The stock of Education Realty Trust, Inc. (NYSE:EDR) earned “Equal-Weight” rating by Capital One on Friday, September 23. Goldman Sachs downgraded Education Realty Trust, Inc. (NYSE:EDR) on Thursday, December 3 to “Sell” rating. The rating was reinitiated by FBR Capital on Thursday, June 23 with “Outperform”. The rating was downgraded by Hilliard Lyons on Friday, July 1 to “Underperform”. Canaccord Genuity maintained the shares of EDR in a report on Tuesday, February 23 with “Buy” rating. As per Wednesday, October 5, the company rating was upgraded by Citigroup. Citigroup initiated Education Realty Trust, Inc. (NYSE:EDR) on Wednesday, September 7 with “Neutral” rating. As per Monday, April 25, the company rating was upgraded by Goldman Sachs.

About 201,493 shares traded hands. Education Realty Trust, Inc. (NYSE:EDR) has risen 2.72% since April 21, 2016 and is uptrending. It has underperformed by 2.61% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.66 in 2016 Q2. Its down 0.12, from 1.78 in 2016Q1. The ratio worsened, as 14 funds sold all Education Realty Trust, Inc. shares owned while 58 reduced positions. 40 funds bought stakes while 88 increased positions. They now own 72.92 million shares or 3.74% more from 70.29 million shares in 2016Q1.

Credit Agricole S A accumulated 0% or 21,880 shares. Moreover, Blackrock Japan has 0% invested in Education Realty Trust, Inc. (NYSE:EDR) for 3,370 shares. The Louisiana-based Louisiana State Employees Retirement Sys has invested 0.04% in Education Realty Trust, Inc. (NYSE:EDR). Amp Cap Ltd has 28,340 shares for 0.01% of their US portfolio. Renaissance Technology Ltd last reported 0.01% of its portfolio in the stock. Kennedy Cap holds 0.11% or 116,127 shares in its portfolio. Clarivest Asset Management Ltd Liability Com accumulated 33,400 shares or 0.05% of the stock. Blackrock Investment Management Ltd Liability Corp holds 0.03% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR) for 434,319 shares. Comerica Savings Bank has 0.03% invested in the company for 84,039 shares. Echo Street Mngmt Lc owns 138,893 shares or 0.27% of their US portfolio. Walleye Trading Ltd Company owns 6,673 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Netols Asset Mgmt accumulated 190,465 shares or 1.99% of the stock. Westpac Bk Corporation has 0% invested in the company for 192,217 shares. Fort Washington Inv Advisors Oh reported 19,996 shares or 0.02% of all its holdings.

Insider Transactions: Since June 14, 2016, the stock had 1 insider buy, and 1 insider sale for $223,419 net activity. Shares for $6,581 were bought by Mackie Lindsey. 5,000 Education Realty Trust, Inc. (NYSE:EDR) shares with value of $230,000 were sold by Barrow Monte J.

Education Realty Trust, Inc. is a self-managed and self-advised real estate investment trust (REIT). The company has a market cap of $2.92 billion. The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. It has a 76.13 P/E ratio. The Trust operates through three divisions: collegiate housing leasing, development consulting services and management services.

According to Zacks Investment Research, “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.”

EDR Company Profile

Education Realty Trust, Inc. (EdR), incorporated on July 12, 2004, 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 divisions: collegiate housing leasing, development consulting services and management services. The Trust develops collegiate housing communities for its own account and also provides third-party development consulting services on collegiate housing development projects for universities and other third parties. The Trust owns approximately 60 collegiate housing communities located in over 20 states containing approximately 30,400 beds in over 11,680 apartment units in over 40 university campuses. The Trust provides third-party management services for approximately 20 collegiate housing communities located in over 10 states containing approximately 11,540 beds in over 4,090 apartment units in over 20 university campuses.

Another recent and important Education Realty Trust, Inc. (NYSE:EDR) news was published by Benzinga.com which published an article titled: “Recent Underperformance Leaves Education Realty Trust Stock At An Attractive Price” on October 05, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>