Education Realty Trust (EDR) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.47. The company posted revenue of $73.40 million in the period, compared to analysts expectations of $67.92 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Education Realty Trust. Company shares were Upgraded by Goldman on Apr 25, 2016 to ” Neutral”, Firm has raised the Price Target to $ 42 from a previous price target of $32 .FBR Capital Initiated Education Realty Trust on Apr 7, 2016 to “Outperform”, Price Target of the shares are set at $47.Company shares were Reiterated by Canaccord Genuity on Feb 23, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .
Education Realty Trust closed down -0.03 points or -0.07% at $40.62 with 4,82,856 shares getting traded on Wednesday. Post opening the session at $40.67, the shares hit an intraday low of $40.06 and an intraday high of $40.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Sep 15, 2015, Wendell W Weakley (director) sold 1,000 shares at $29.03 per share price. According to the SEC, on Sep 8, 2015, Edwin B Jr Brewer (CFO) purchased 1,000 shares at $28.05 per share price. On Aug 3, 2015, Randy L Churchey (CEO) purchased 4,200 shares at $31.58 per share price, according to the Form-4 filing with the securities and exchange commission.
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.