Education Realty Trust, Inc. (EDR): Kimberly Schaefer , director of Education Realty Trust, Inc. purchased 1,000 shares on May 23, 2016. The Insider buying transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $41.60 per share for a total value of $41,600.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 15, 2015, Wendell W Weakley (director) sold 1,000 shares at $29.03 per share price.On Sep 8, 2015, Edwin B Jr Brewer (CFO) purchased 1,000 shares at $28.05 per share price.Also, On Aug 3, 2015, Randy L Churchey (CEO) purchased 4,200 shares at $31.58 per share price.
Education Realty Trust: On Friday, May 20, 2016 heightened volatility was witnessed in Education Realty Trust which led to swings in the share price. The shares opened for trading at $41.53 and hit $42.19 on the upside , eventually ending the session at $42.1, with a gain of 1.30% or 0.54 points. The heightened volatility saw the trading volume jump to 12,21,826 shares. The 52-week high of the share price is $43.22 and the company has a market cap of $2,841,750 M . The 52-week low of the share price is at $28.01.
Company has been under the radar of several Street Analysts.Education Realty Trust is Upgraded by Goldman to Neutral and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $32 .Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Apr 25, 2016.Education Realty Trust is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $47. The Rating was issued on Apr 7, 2016.
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 Company 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 operates through three segments: collegiate housing leasing collegiate housing development consulting services and collegiate housing management services. The Trust conducts all of its activities through Education Realty Operating Partnership LP (EROP) and its subsidiaries EDR Management Inc. (Management Company) and EDR Development LLC (Development Company). The Management Company wholly owns the Trust’s Development Company.