Education Realty Trust (EDR) was Reiterated by Canaccord Genuity to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 54 from a previous price target of $51 . Canaccord Genuity advised their investors in a research report released on Aug 2, 2016.
Many Wall Street Analysts have commented on Education Realty Trust. Company shares were Reiterated by FBR Capital on Aug 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 from a previous price target of $48 .Company shares were Reiterated by Canaccord Genuity on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $45 .
On the company’s financial health, Education Realty Trust reported $0.39 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $65.10 million for the quarter, compared to analysts expectations of $61.42 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Education Realty Trust opened for trading at $47.78 and hit $48.55 on the upside on Friday, eventually ending the session at $48.14, with a gain of 1.05% or 0.5 points. The heightened volatility saw the trading volume jump to 4,94,318 shares. Company has a market cap of $3,181 M.
In a different news, on Jun 15, 2016, Lindsey Mackie (Senior VP and CAO) purchased 153 shares at $43.01 per share price. According to the SEC, on May 23, 2016, Kimberly Schaefer (director) purchased 1,000 shares at $41.60 per share price. On Sep 15, 2015, Wendell W Weakley (director) sold 1,000 shares at $29.03 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.