The stock of Education Realty Trust, Inc. (NYSE:EDR) is a huge mover today! Education Realty Trust, Inc. (NYSE:EDR) has risen 0.79% since March 3, 2016 and is uptrending. It has underperformed by 7.55% the S&P500.
The move comes after 7 months positive chart setup for the $2.97 billion company. It was reported on Oct, 6 by Barchart.com. We have $60.77 PT which if reached, will make NYSE:EDR worth $1.43 billion more.
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 $21.70 million for 34.22 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), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Education Realty Trust has been the topic of 23 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Canaccord Genuity given on Monday, October 3. The stock has “Buy” rating given by Canaccord Genuity on Tuesday, February 23. The stock has “Neutral” rating given by Goldman Sachs on Monday, April 25. The stock of Education Realty Trust, Inc. (NYSE:EDR) earned “Neutral” rating by Goldman Sachs on Thursday, September 10. The firm has “Outperform” rating given on Thursday, June 23 by FBR Capital. The stock of Education Realty Trust, Inc. (NYSE:EDR) has “Market Outperform” rating given on Tuesday, September 15 by JMP Securities. The firm earned “Buy” rating on Wednesday, October 5 by Citigroup. The firm has “Neutral” rating by Robert W. Baird given on Friday, January 8. The firm has “Sell” rating by Goldman Sachs given on Thursday, December 3. The company was initiated on Friday, September 23 by CapitalOne.
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 turned negative, 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.
Teacher Retirement Sys Of Texas accumulated 122,275 shares or 0.04% of the stock. Pnc Fin Service Gru reported 1,881 shares or 0% of all its holdings. Kcg has 7,231 shares for 0.01% of their US portfolio. Thompson Davis Communications Inc, a Virginia-based fund reported 58 shares. Moreover, Usa Portformulas Corp has 0.08% invested in Education Realty Trust, Inc. (NYSE:EDR) for 6,201 shares. Creative Planning holds 241 shares or 0% of its portfolio. Vanguard Gp last reported 0.03% of its portfolio in the stock. Moreover, Hsbc Holdings Plc has 0% invested in Education Realty Trust, Inc. (NYSE:EDR) for 10,278 shares. Aqr Cap Mngmt Ltd Co holds 64,802 shares or 0.01% of its portfolio. Anchor Cap Advisors Ltd Liability Company owns 5,800 shares or 0.01% of their US portfolio. Cohen & Steers Inc last reported 0.98% of its portfolio in the stock. Asset Management has 14,688 shares for 0.01% of their US portfolio. The Illinois-based Driehaus Capital Mngmt Limited Liability Company has invested 0.19% in Education Realty Trust, Inc. (NYSE:EDR). Keeley Asset Mngmt accumulated 33,693 shares or 0.06% of the stock. Teachers Advsrs has 0.04% invested in the company for 494,447 shares.
Insider Transactions: Since May 23, 2016, the stock had 2 insider purchases, and 1 insider sale for $181,819 net activity. Shares for $41,600 were bought by Schaefer Kimberly. Barrow Monte J sold $230,000 worth of stock. On Tuesday, June 14 Mackie Lindsey bought $6,581 worth of the stock or 153 shares.
More recent Education Realty Trust, Inc. (NYSE:EDR) news were published by: Nasdaq.com which released: “RSI Alert: Education Realty Trust Now Oversold” on October 04, 2016. Also Nasdaq.com published the news titled: “Education Realty Trust Enters Oversold Territory” on September 09, 2016. Reuters.com‘s news article titled: “BRIEF-Education Realty Trust posts Q2 FFO of $0.36/share” with publication date: August 01, 2016 was also an interesting one.
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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