Today’s Rating On Watch: Does Education Realty Trust (EDR) Look Good? BofA Merrill Upgrades It

November 23, 2016 - By Clifton Ray

Today's Rating On Watch:  Does Education Realty Trust (EDR) Look Good? BofA Merrill Upgrades It

Education Realty Trust (EDR) Upgrade

In a analysts report shared with investors on Wednesday, 23 November, BofA Merrill stated it was upgrading Education Realty Trust (EDR) stock from a Neutral to a Buy.

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

Out of 5 analysts covering Education Realty Trust (EDR), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $51.0 is the highest target while $47.0 is the lowest. The $49 average target is 23.80% above today’s ($39.58) stock price. Education Realty Trust has been the topic of 5 analyst reports since September 7, 2016 according to StockzIntelligence Inc. As per Friday, September 23, the company rating was initiated by CapitalOne. Canaccord Genuity maintained the stock with “Buy” rating in Monday, October 3 report. The firm has “Neutral” rating given on Thursday, November 17 by Hilliard Lyons. As per Wednesday, September 7, the company rating was initiated by Citigroup. Robert W. Baird upgraded the shares of EDR in a report on Tuesday, September 20 to “Outperform” rating.

About 216,908 shares traded hands. Education Realty Trust, Inc. (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 is negative, 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.

Moreover, Monarch Prtnrs Asset Mgmt Limited Liability Company has 0.7% invested in Education Realty Trust, Inc. (NYSE:EDR) for 151,916 shares. Moreover, National Bank & Trust Of America Corporation De has 0.01% invested in Education Realty Trust, Inc. (NYSE:EDR) for 610,573 shares. Citigroup last reported 0% of its portfolio in the stock. Louisiana State Employees Retirement Sys has 0.04% invested in the company for 17,600 shares. Moreover, Blackrock Advisors Ltd Liability Co has 0% invested in Education Realty Trust, Inc. (NYSE:EDR) for 31,050 shares. Sei accumulated 64,744 shares or 0.02% of the stock. State Of Alaska Department Of Revenue has invested 0.04% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR). Credit Suisse Ag last reported 0.01% of its portfolio in the stock. 1St Global Advisors last reported 0.07% of its portfolio in the stock. Moreover, Principal Group Inc has 0.17% invested in Education Realty Trust, Inc. (NYSE:EDR) for 2.62 million shares. Commonwealth National Bank & Trust Of Australia last reported 773,376 shares in the company. Great West Life Assurance Co Can holds 0% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR) for 7,114 shares. Putnam Investments Limited Liability Company last reported 0.01% of its portfolio in the stock. Dimensional Fund Advsr Limited Partnership holds 0.02% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR) for 822,882 shares. Fisher Asset Mgmt Lc reported 819,805 shares or 0.07% of all its holdings.

Insider Transactions: Since June 14, 2016, the stock had 1 insider purchase, and 1 insider sale for $223,419 net activity. $230,000 worth of Education Realty Trust, Inc. (NYSE:EDR) shares were sold by Barrow Monte J. Another trade for 153 shares valued at $6,581 was made by Mackie Lindsey on Tuesday, June 14.

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 75.94 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

>