Education Realty Trust (EDR) Stock Rating Reaffirmed by KeyCorp

KeyCorp reissued their buy rating on shares of Education Realty Trust (NYSE:EDR) in a research note published on Thursday. KeyCorp currently has a $40.00 target price on the real estate investment trust’s stock. KeyCorp also issued estimates for Education Realty Trust’s Q4 2017 earnings at $0.60 EPS and FY2019 earnings at $2.10 EPS.

A number of other equities research analysts also recently commented on EDR. Robert W. Baird restated an outperform rating and issued a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. FBR & Co reiterated a buy rating and set a $44.00 price target on shares of Education Realty Trust in a research report on Monday, October 30th. 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 for the company in a research report on Wednesday, November 8th. B. Riley reiterated a buy rating on shares of Education Realty Trust in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. downgraded shares of Education Realty Trust from a neutral rating to an underweight rating in a research report on Friday, December 15th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $40.90.

Shares of Education Realty Trust (NYSE EDR) opened at $34.69 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $2,630.00, a PE ratio of 75.41, a P/E/G ratio of 3.03 and a beta of 0.43. Education Realty Trust has a 12-month low of $34.44 and a 12-month high of $42.80.

Education Realty Trust (NYSE:EDR) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.31). The firm had revenue of $75.36 million during the quarter, compared to analyst estimates of $69.22 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. Education Realty Trust’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. equities analysts forecast that Education Realty Trust will post 1.9 EPS for the current year.

In related news, Chairman Randy L. Churchey purchased 20,000 shares of Education Realty Trust stock in a transaction dated Wednesday, November 1st. The stock was bought at an average cost of $35.01 per share, for a total transaction of $700,200.00. Following the transaction, the chairman now owns 149,506 shares in the company, valued at $5,234,205.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Edwin B. Brewer, Jr. purchased 5,000 shares of Education Realty Trust stock in a transaction dated Thursday, November 2nd. The shares were bought at an average price of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Education Realty Trust by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 477 shares in the last quarter. GAM Holding AG increased its stake in shares of Education Realty Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 300 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Education Realty Trust by 87.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,158 shares in the last quarter. ETRADE Capital Management LLC increased its stake in shares of Education Realty Trust by 4.5% during the 2nd quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 323 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of Education Realty Trust during the 2nd quarter worth approximately $311,000.

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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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