Stock Rating Runner: Education Realty Trust Inc (NYSE:EDR) Gets Better Rating From Bank of America. What Is The Stock Target?

November 23, 2016 - By Winifred Garcia

Stock Rating Runner:  Education Realty Trust Inc (NYSE:EDR) Gets Better Rating From Bank of America. What Is The Stock Target?

Education Realty Trust Inc (NYSE:EDR) Upgrade

Bank of America raised Education Realty Trust Inc (NYSE:EDR)‘s stock to a “Buy” rating from “Neutral”. This rating change was made public in a analysts report today.

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 18.96% above today’s ($39.6) stock price. Education Realty Trust has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. FBR Capital maintained the shares of EDR in a report on Tuesday, August 2 with “Outperform” rating. The firm has “Outperform” rating given on Tuesday, February 23 by RBC Capital Markets. The stock of Education Realty Trust, Inc. (NYSE:EDR) has “Market Outperform” rating given on Thursday, September 17 by JMP Securities. On Thursday, November 17 the stock rating was upgraded by Hilliard Lyons to “Neutral”. CapitalOne initiated Education Realty Trust, Inc. (NYSE:EDR) on Friday, September 23 with “Equal Weight” rating. Citigroup initiated the stock with “Neutral” rating in Wednesday, September 7 report. Canaccord Genuity maintained Education Realty Trust, Inc. (NYSE:EDR) rating on Monday, October 3. Canaccord Genuity has “Buy” rating and $51 price target. The stock has “Market Outperform” rating given by JMP Securities on Tuesday, September 15. FBR Capital initiated the stock with “Outperform” rating in Thursday, April 7 report. On Monday, June 6 the stock rating was initiated by Evercore with “Hold”.

About 400,099 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 Q2 2016. Its down 0.12, from 1.78 in 2016Q1. The ratio dropped, 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.

M&T Savings Bank has invested 0% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR). Ameriprise Fin, a Minnesota-based fund reported 252,195 shares. Employees Retirement System Of Texas has invested 0.17% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR). California Public Employees Retirement Sys holds 0.01% or 137,966 shares in its portfolio. Gsa Cap Ptnrs Ltd Liability Partnership holds 0.11% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR) for 44,177 shares. Credit Agricole S A accumulated 0% or 21,880 shares. Geode Management Limited Liability owns 503,959 shares or 0.01% of their US portfolio. Ubs Asset Mgmt Americas last reported 102,387 shares in the company. Driehaus Mngmt Limited Co holds 117,571 shares or 0.19% of its portfolio. The Germany-based Deutsche National Bank Ag has invested 0.07% in Education Realty Trust, Inc. (NYSE:EDR). Wolverine Asset Ltd Liability Company, a Illinois-based fund reported 10,601 shares. American Assets Cap Advisers holds 0.15% or 5,000 shares in its portfolio. Heitman Real Est Ltd Liability Corp last reported 735,568 shares in the company. Netols Asset Mngmt reported 190,465 shares or 1.99% of all its holdings. Moreover, Qs Ltd Com has 0% invested in Education Realty Trust, Inc. (NYSE:EDR) for 7 shares.

Insider Transactions: Since June 14, 2016, the stock had 1 insider purchase, and 1 sale for $223,419 net activity. 153 Education Realty Trust, Inc. (NYSE:EDR) shares with value of $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 $2.91 billion. The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. It has a 75.97 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.

More news for Education Realty Trust, Inc. (NYSE:EDR) were recently published by: Marketwatch.com, which released: “Education Realty upgraded to neutral from underperform at Hilliard Lyons” on January 18, 2011. Benzinga.com‘s article titled: “Recent Underperformance Leaves Education Realty Trust Stock At An Attractive Price” and published on October 05, 2016 is yet another important article.

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