Brokerage Firm Rating Update on Education Realty Trust (EDR)

Education Realty Trust (EDR) : Zacks Investment Research ranks Education Realty Trust (EDR) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.38, which indicates as a Buy.

Education Realty Trust (EDR) : 6 Wall Street analysts covering Education Realty Trust (EDR) believe that the average level the stock could reach for the short term is $49.08. The maximum price target given is $54 and the minimum target for short term is around $43, hence the standard deviation is calculated at $4.01.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the FBR Capital maintains the rating on Education Realty Trust (NYSE:EDR). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $48 per share to $51 per share. The rating by the firm was issued on August 2, 2016.

Education Realty Trust (NYSE:EDR): stock was range-bound between the intraday low of $45.39 and the intraday high of $45.93 after having opened at $45.88 on Wednesdays session. The stock finally closed in the red at $45.88, a loss of -0.74%. The stock remained in the red for the whole trading day. The total traded volume was 780,774 shares. The stock failed to cross $45.93 in Wednesdays trading. The stocks closing price on Thursday was $46.

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 Trusts Development Company.

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