Education Realty Trust (EDR) Sets New 52-Week Low at $34.21

Education Realty Trust, Inc. (NYSE:EDR) reached a new 52-week low during trading on Thursday . The stock traded as low as $34.21 and last traded at $34.68, with a volume of 480800 shares. The stock had previously closed at $34.92.

Several research analysts have recently weighed in on EDR shares. KeyCorp restated a “buy” rating and set a $47.00 target price on shares of Education Realty Trust in a report on Wednesday, September 6th. B. Riley set a $44.00 target price on Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird set a $38.00 target price on Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, October 31st. FBR & Co restated a “buy” rating and set a $44.00 target price on shares of Education Realty Trust in a report on Monday, October 30th. Finally, Royal Bank of Canada lowered their target price on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.90.

The company has a market cap of $2,645.29, a price-to-earnings ratio of 75.39, a price-to-earnings-growth ratio of 2.96 and a beta of 0.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.31). Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business had revenue of $75.36 million during the quarter, compared to analyst estimates of $69.22 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. equities analysts forecast that Education Realty Trust, Inc. will post 1.9 earnings per share for the current fiscal year.

In other Education Realty Trust news, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased at an average cost of $35.01 per share, for a total transaction of $175,050.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Randy L. Churchey acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was acquired at an average price of $35.01 per share, for a total transaction of $700,200.00. Following the completion of the acquisition, the chairman now directly owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Education Realty Trust by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 477 shares in the last quarter. GAM Holding AG lifted its stake in Education Realty Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 300 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Education Realty Trust by 87.7% during the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,158 shares in the last quarter. ETRADE Capital Management LLC lifted its stake in Education Realty Trust by 4.5% during the second quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 323 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Education Realty Trust during the third quarter worth $302,000.

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About Education Realty Trust

Education Realty Trust, Inc (EdR) 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 segments: collegiate housing leasing, development consulting services and management services.

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