Education Realty Trust (EDR) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Nov 23, 2016.
Many Wall Street Analysts have commented on Education Realty Trust. Education Realty Trust was Upgraded by Hilliard Lyons to ” Neutral” on Nov 17, 2016. Education Realty Trust was Upgraded by Citigroup to ” Buy” on Oct 5, 2016. Shares were Reiterated by Canaccord Genuity on Oct 3, 2016 to “Buy” and Lowered the Price Target to $ 51 from a previous price target of $54 .
On the company’s financial health, Education Realty Trust reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 31, 2016. Analyst had a consensus of $0.28. The company had revenue of $66.23 million for the quarter, compared to analysts expectations of $62.09 million. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Education Realty Trust opened for trading at $39.57 and hit $39.89 on the upside on Monday, eventually ending the session at $39.75, with a gain of 0.51% or 0.2 points. The heightened volatility saw the trading volume jump to 7,24,171 shares. Company has a market cap of $2,905 M.
In a different news, on Aug 18, 2016, Monte J Barrow (director) sold 5,000 shares at $46.00 per share price. According to the SEC, on Jun 15, 2016, Lindsey Mackie (Senior VP and CAO) purchased 153 shares at $43.01 per share price. On May 23, 2016, Kimberly Schaefer (director) purchased 1,000 shares at $41.60 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.