November 29, 2016 - By Peter Erickson
Recently, the director of Education Realty Trust Inc, Mr. John Thomas, made a purchase of 180 shares, totalling $7,285 USD, based on a stock price of $40.5 per each share. Mr. John now owns 390 shares, accounting for 0.0005% of Education Realty Trust Inc’s market cap.
Out of 11 analysts covering Education Realty Trust (NYSE:EDR), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. $54 is the highest target while $37 is the lowest. The $47.11 average target is 14.85% above today’s ($41.02) stock price. Education Realty Trust has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Wednesday, October 5. The stock of Education Realty Trust, Inc. (NYSE:EDR) earned “Hold” rating by Zacks on Tuesday, August 4. On Thursday, December 3 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Neutral” rating given on Thursday, September 10 by Goldman Sachs. The stock has “Market Outperform” rating given by JMP Securities on Thursday, September 17. The firm has “Buy” rating given on Wednesday, November 23 by Bank of America. Canaccord Genuity maintained the stock with “Buy” rating in Monday, October 3 report. As per Friday, September 23, the company rating was initiated by Capital One. As per Thursday, April 7, the company rating was initiated by FBR Capital. FBR Capital maintained the stock with “Outperform” rating in Tuesday, August 2 report.
Insitutional Activity: The institutional sentiment decreased to 1.66 in 2016 Q2. 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.
Earnest Prns Ltd Liability Corp last reported 0% of its portfolio in the stock. North Star Inv Management holds 22,453 shares or 0.19% of its portfolio. Capstone Asset Management accumulated 0.01% or 8,020 shares. State Board Of Administration Of Florida Retirement last reported 0.01% of its portfolio in the stock. Credit Agricole S A last reported 0% of its portfolio in the stock. Cramer Rosenthal Mcglynn has 0.25% invested in the company for 335,445 shares. Victory Capital accumulated 657,086 shares or 0.12% of the stock. The Connecticut-based Cubist Systematic Strategies Lc has invested 0.06% in Education Realty Trust, Inc. (NYSE:EDR). Lazard Asset Mgmt Ltd Company accumulated 56,611 shares or 0.01% of the stock. Moreover, Fifth Third Bancorporation has 0.02% invested in Education Realty Trust, Inc. (NYSE:EDR) for 42,149 shares. State Of Alaska Department Of Revenue accumulated 0.04% or 8,563 shares. Bank & Trust Of America Corp De owns 610,573 shares or 0.01% of their US portfolio. Tributary Cap Management Ltd Liability Com owns 181,996 shares or 1.22% of their US portfolio. Teachers Advisors Inc has 494,447 shares for 0.04% of their US portfolio. Invesco holds 0% or 63,920 shares in its portfolio.
Insider Transactions: Since June 14, 2016, the stock had 1 buying transaction, and 1 sale for $223,419 net activity. Barrow Monte J also sold $230,000 worth of Education Realty Trust, Inc. (NYSE:EDR) shares. 153 Education Realty Trust, Inc. (NYSE:EDR) shares with value of $6,581 were bought by Mackie Lindsey.
The stock increased 1.53% or $0.62 during the last trading session, hitting $41.02. About 766,958 shares traded hands or 17.44% up from the average. Education Realty Trust, Inc. (NYSE:EDR) has declined 1.51% since April 26, 2016 and is downtrending. It has underperformed by 6.77% the S&P500.
Education Realty Trust, Inc. is a self-managed and self-advised real estate investment trust (REIT). The company has a market cap of $2.99 billion. The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. It has a 78.7 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.”
Analysts await Education Realty Trust, Inc. (NYSE:EDR) to report earnings on February, 27. They expect $0.56 earnings per share, down 8.20% or $0.05 from last year’s $0.61 per share. EDR’s profit will be $40.82M for 18.31 P/E if the $0.56 EPS becomes a reality. After $0.26 actual earnings per share reported by Education Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 115.38% EPS growth.
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.
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.
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