A number of other analysts also recently issued reports on the stock. B. Riley set a $44.00 price target on shares of Education Realty Trust and gave the company a buy rating in a report on Tuesday, November 14th. Royal Bank of Canada reduced their price target on shares of Education Realty Trust from $43.00 to $40.00 and set an outperform rating on the stock in a report on Wednesday, November 8th. KeyCorp reiterated a buy rating and issued a $47.00 price target on shares of Education Realty Trust in a report on Wednesday, September 6th. Robert W. Baird reiterated an outperform rating and issued a $40.00 price target (down from $45.00) on shares of Education Realty Trust in a report on Monday, October 2nd. Finally, FBR & Co reiterated a buy rating and issued a $44.00 price target on shares of Education Realty Trust in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $41.60.
Shares of Education Realty Trust (NYSE:EDR) remained flat at $$36.20 during midday trading on Friday. 1,779,825 shares of the company’s stock were exchanged, compared to its average volume of 478,086. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $2,742.26, a P/E ratio of 19.05, a P/E/G ratio of 3.18 and a beta of 0.44. Education Realty Trust has a 52 week low of $34.67 and a 52 week high of $42.80.
In other Education Realty Trust news, VP Edwin B. Brewer, Jr. bought 5,000 shares of Education Realty Trust stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average cost of $35.01 per share, for a total transaction of $175,050.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Randy L. Churchey bought 20,000 shares of Education Realty Trust stock in a transaction dated Wednesday, November 1st. The stock was acquired at an average price of $35.01 per share, for a total transaction of $700,200.00. Following the completion of the acquisition, the chairman now owns 149,506 shares in the company, valued at $5,234,205.06. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of EDR. Deprince Race & Zollo Inc. bought a new stake in shares of Education Realty Trust in the 2nd quarter worth about $17,991,000. Goldman Sachs Group Inc. increased its holdings in shares of Education Realty Trust by 103.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 534,297 shares of the real estate investment trust’s stock worth $20,704,000 after buying an additional 271,415 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Education Realty Trust by 57.5% in the 2nd quarter. William Blair Investment Management LLC now owns 637,144 shares of the real estate investment trust’s stock worth $24,689,000 after buying an additional 232,500 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in Education Realty Trust during the 3rd quarter valued at about $8,084,000. Finally, Channing Capital Management LLC grew its holdings in Education Realty Trust by 15.6% during the 3rd quarter. Channing Capital Management LLC now owns 1,340,581 shares of the real estate investment trust’s stock valued at $48,167,000 after purchasing an additional 180,768 shares during the last quarter.
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Education Realty Trust Company Profile
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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