Education Realty Trust Inc. (NYSE:EDR) received a $38.00 price objective from investment analysts at Robert W. Baird in a report issued on Tuesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would suggest a potential upside of 8.88% from the stock’s previous close.

EDR has been the topic of several other reports. TheStreet downgraded shares of Education Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of Education Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Sandler O’Neill downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $47.00 to $40.00 in a research report on Monday, July 31st. KeyCorp restated a “buy” rating and set a $47.00 price objective on shares of Education Realty Trust in a research report on Wednesday, September 6th. Finally, FBR & Co restated a “buy” rating and set a $44.00 price objective on shares of Education Realty Trust in a research report on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.50.

Shares of Education Realty Trust (NYSE:EDR) opened at 34.90 on Tuesday. The company has a 50 day moving average of $36.97 and a 200-day moving average of $38.24. Education Realty Trust has a 12-month low of $34.67 and a 12-month high of $42.80. The company has a market cap of $2.55 billion, a PE ratio of 81.16 and a beta of 0.45.

Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.31). Education Realty Trust had a return on equity of 2.03% and a net margin of 11.33%. The company had revenue of $75.36 million during the quarter, compared to analysts’ expectations of $69.22 million. During the same quarter in the prior year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts anticipate that Education Realty Trust will post $0.51 earnings per share for the current year.

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In other news, Director John T. Thomas purchased 800 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of $37.51 per share, with a total value of $30,008.00. Following the purchase, the director now owns 3,299 shares in the company, valued at $123,745.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wendell W. Weakley purchased 750 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $38.65 per share, with a total value of $28,987.50. The disclosure for this purchase can be found here. Insiders acquired a total of 2,550 shares of company stock valued at $96,496 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in EDR. PNC Financial Services Group Inc. boosted its stake in shares of Education Realty Trust by 10.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 during the period. GAM Holding AG boosted 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 during the period. Dubuque Bank & Trust Co. boosted its stake in shares of Education Realty Trust by 22.5% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 1,173 shares during the period. Finally, Riverhead Capital Management LLC boosted 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 during the period.

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.

Analyst Recommendations for Education Realty Trust (NYSE:EDR)

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