Worth Watching: Could Education Realty Trust, Inc. Recover After Today’s Significant Decline?

Worth Watching: Could Education Realty Trust, Inc. Recover After Today's Significant Decline?

The stock of Education Realty Trust, Inc. (NYSE:EDR) is a huge mover today! The stock decreased 2.78% or $1.2 on October 3, hitting $41.95. Education Realty Trust, Inc. (NYSE:EDR) has risen 3.38% since March 1, 2016 and is uptrending. It has underperformed by 8.84% the S&P500.
The move comes after 7 months negative chart setup for the $3.04B company. It was reported on Oct, 4 by Barchart.com. We have $39.01 PT which if reached, will make NYSE:EDR worth $212.80 million less.

Analysts await Education Realty Trust, Inc. (NYSE:EDR) to report earnings on November, 7. They expect $0.30 earnings per share, 0.00% or $0.00 from last year’s $0.3 per share. EDR’s profit will be $21.74 million for 34.96 P/E if the $0.30 EPS becomes a reality. After $0.39 actual earnings per share reported by Education Realty Trust, Inc. for the previous quarter, Wall Street now forecasts -23.08% negative EPS growth.

Education Realty Trust, Inc. (NYSE:EDR) Ratings Coverage

Out of 10 analysts covering Education Realty Trust (NYSE:EDR), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. Education Realty Trust has been the topic of 22 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was initiated by JMP Securities with “Market Outperform” on Tuesday, September 15. The firm has “Outperform” rating given on Tuesday, August 2 by FBR Capital. The firm earned “Outperform” rating on Thursday, April 7 by FBR Capital. The firm has “Neutral” rating given on Monday, April 25 by Goldman Sachs. The firm earned “Underperform” rating on Friday, July 1 by Hilliard Lyons. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, February 23. The firm has “Outperform” rating by FBR Capital given on Thursday, June 23. The firm earned “Sell” rating on Thursday, December 3 by Goldman Sachs. JMP Securities initiated Education Realty Trust, Inc. (NYSE:EDR) rating on Thursday, September 17. JMP Securities has “Market Outperform” rating and $38 price target. The company was initiated on Wednesday, September 7 by Citigroup.

According to Zacks Investment Research, “Education Realty Trust owns, manages, and develops student housing communities located near university campuses throughout the United States. EDR will elect to be taxed as a real estate investment trust. EDR also manages student housing communities for college and university systems across the country.”

Insitutional Activity: The institutional sentiment decreased to 1.78 in 2016 Q2. Its down 0.02, from 1.8 in 2016Q1. The ratio dived, as 14 funds sold all Education Realty Trust, Inc. shares owned while 58 reduced positions. 40 funds bought stakes while 88 increased positions. They now own 72.92 million shares or 3.74% more from 70.29 million shares in 2016Q1.
Price T Rowe Assocs Md holds 0% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR) for 19,667 shares. Tudor Et Al accumulated 0.01% or 5,384 shares. Wellington Mngmt Group Limited Liability Partnership last reported 1.72 million shares in the company. Emerald Mutual Fund Advisers Tru last reported 1.38% of its portfolio in the stock. Kbc Group Incorporated Nv last reported 37,501 shares in the company. Tiaa Cref Fsb Mo owns 13,643 shares or 0.01% of their US portfolio. Sumitomo Mitsui Trust Inc holds 46,843 shares or 0% of its portfolio. Deutsche Comml Bank Ag owns 2.09 million shares or 0.07% of their US portfolio. Alliancebernstein Lp, a New York-based fund reported 386,856 shares. Usa Finance Portformulas last reported 6,201 shares in the company. Columbia Wanger Asset Mgmt Limited Liability Co has invested 1.42% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR). Tributary Cap Mgmt Ltd Company owns 181,996 shares or 1.22% of their US portfolio. Kayne Anderson Rudnick Invest Mgmt Ltd Llc holds 0.03% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR) for 40,168 shares. Fincl Bank Of America De has 610,573 shares for 0.01% of their US portfolio. Los Angeles Capital Management And Equity Rech accumulated 6,763 shares or 0% of the stock.

Insider Transactions: Since May 23, 2016, the stock had 2 insider purchases, and 1 insider sale for $181,819 net activity. Barrow Monte J sold $230,000 worth of stock or 5,000 shares. On Monday, May 23 the insider Schaefer Kimberly bought $41,600. Mackie Lindsey also bought $6,581 worth of Education Realty Trust, Inc. (NYSE:EDR) on Tuesday, June 14.

More notable recent Education Realty Trust, Inc. (NYSE:EDR) news were published by: Twst.com which released: “Education Realty Trust Inc.: EdR to Host Third Quarter 2016 Earnings …” on October 03, 2016, also Moodys.com with their article: “Moody’s revises EDR’s rating outlook to positive” published on September 23, 2016, Reuters.com published: “BRIEF-Education Realty Trust posts Q2 FFO of $0.36/share” on August 01, 2016. More interesting news about Education Realty Trust, Inc. (NYSE:EDR) were released by: Investorplace.com and their article: “American Campus Communities, Inc. (ACC) and Education Realty Trust, Inc. (EDR …” published on August 30, 2016 as well as Nasdaq.com‘s news article titled: “Education Realty Trust Enters Oversold Territory” with publication date: September 09, 2016.

EDR Company Profile

Education Realty Trust, Inc. (EdR), incorporated on July 12, 2004, 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 divisions: collegiate housing leasing, development consulting services and management services. The Trust 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 owns approximately 60 collegiate housing communities located in over 20 states containing approximately 30,400 beds in over 11,680 apartment units in over 40 university campuses. The Trust provides third-party management services for approximately 20 collegiate housing communities located in over 10 states containing approximately 11,540 beds in over 4,090 apartment units in over 20 university campuses.

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