Media stories about Education Realty Trust (NYSE:EDR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Education Realty Trust earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.5147715446272 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities analysts have recently issued reports on EDR shares. BidaskClub upgraded Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. FBR & Co reiterated a “buy” rating on shares of Education Realty Trust in a research note on Thursday, June 22nd. Citigroup Inc. lowered Education Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the company from $44.00 to $41.00 in a research note on Thursday, June 29th. Bank of America Corporation lowered Education Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Finally, Sandler O’Neill lowered Education Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $47.00 to $40.00 in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.63.
Shares of Education Realty Trust (NYSE EDR) opened at 36.49 on Wednesday. The company’s 50-day moving average price is $38.02 and its 200-day moving average price is $38.66. Education Realty Trust has a 12 month low of $35.57 and a 12 month high of $43.16. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 84.86 and a beta of 0.45.
Education Realty Trust (NYSE:EDR) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The business had revenue of $74.04 million for the quarter, compared to the consensus estimate of $69.40 million. During the same quarter last year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts anticipate that Education Realty Trust will post $0.51 EPS for the current year.
In other news, Director Wendell W. Weakley purchased 750 shares of the stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of $38.65 per share, for a total transaction of $28,987.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Edwin B. Brewer, Jr. purchased 1,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $37.50 per share, for a total transaction of $37,500.00. The disclosure for this purchase can be found here. Insiders have acquired 2,550 shares of company stock worth $96,496 in the last 90 days. Company insiders own 0.50% of the company’s stock.
About Education Realty Trust
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 Trust operates through three segments: collegiate housing leasing, development consulting services and management services.
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