Education Realty Trust, Inc. (EDR)’s Trend Down, Especially After Forming a Bearish Multiple Bottom Pattern

September 17, 2017 - By Vivian Currie

Investors sentiment decreased to 1.47 in Q4 2016. Its down 0.19, from 1.66 in 2016Q3. It fall, as 21 investors sold Education Realty Trust, Inc. shares while 60 reduced holdings. 31 funds opened positions while 88 raised stakes. 79.90 million shares or 1.04% more from 79.08 million shares in 2016Q3 were reported.
Liberty Mutual Grp Asset Mgmt holds 31,086 shares. 55,275 were accumulated by Spirit Of America Management Ny. California Public Employees Retirement owns 0.01% invested in Education Realty Trust, Inc. (NYSE:EDR) for 111,033 shares. Kennedy Cap Mngmt has 0.69% invested in Education Realty Trust, Inc. (NYSE:EDR). Tiaa Cref Tru Company Fsb Mo reported 0% in Education Realty Trust, Inc. (NYSE:EDR). Da Davidson Communication holds 0.01% or 5,481 shares in its portfolio. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 85,203 shares. Bamco Incorporated reported 0.01% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR). Hsbc Holdings Public Llc reported 19,280 shares stake. Northern Corporation holds 1.98 million shares. Teachers Insurance & Annuity Association Of America holds 0.11% or 76,609 shares in its portfolio. Bnp Paribas Inv reported 0.1% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR). Netols Asset Management holds 1.56% or 178,740 shares in its portfolio. Cohen Steers owns 10.25 million shares for 1.2% of their portfolio. Tortoise Investment Management Ltd Liability has invested 0% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR).

Since May 17, 2017, it had 1 buy, and 0 selling transactions for $37,630 activity.

The stock of Education Realty Trust, Inc. (EDR) shows a multiple bottoms pattern with $36.19 target or 9.00 % below today’s $39.77 share price. The 8 months chart pattern indicates high risk for the $2.91B company. It was reported on Sep, 17 by Finviz.com. If the $36.19 price target is reached, the company will be worth $261.90M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 1.02% or $0.4 on September 15, reaching $39.77. About 662,012 shares traded or 54.18% up from the average. Education Realty Trust, Inc. (NYSE:EDR) has declined 7.19% since September 17, 2016 and is downtrending. It has underperformed by 23.89% the S&P500.

Analysts await Education Realty Trust, Inc. (NYSE:EDR) to report earnings on October, 30. They expect $0.30 earnings per share, up 15.38 % or $0.04 from last year’s $0.26 per share. EDR’s profit will be $21.95M for 33.14 P/E if the $0.30 EPS becomes a reality. After $0.42 actual earnings per share reported by Education Realty Trust, Inc. for the previous quarter, Wall Street now forecasts -28.57 % negative EPS growth.

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

Among 14 analysts covering Education Realty Trust (NYSE:EDR), 5 have Buy rating, 0 Sell and 9 Hold. Therefore 36% are positive. Education Realty Trust had 39 analyst reports since July 23, 2015 according to SRatingsIntel. As per Friday, January 8, the company rating was maintained by Robert W. Baird. The firm earned “Hold” rating on Monday, July 31 by Sandler O’Neill. Canaccord Genuity downgraded the shares of EDR in report on Tuesday, April 11 to “Hold” rating. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, February 23. The stock has “Outperform” rating by FBR Capital on Tuesday, August 2. The stock of Education Realty Trust, Inc. (NYSE:EDR) has “Outperform” rating given on Thursday, June 23 by FBR Capital. The firm has “Hold” rating by Zacks given on Tuesday, August 4. The firm earned “Equal-Weight” rating on Friday, September 23 by Capital One. Hilliard Lyons upgraded the shares of EDR in report on Thursday, November 17 to “Neutral” rating. The firm has “Market Outperform” rating by JMP Securities given on Thursday, September 17.

More important recent Education Realty Trust, Inc. (NYSE:EDR) news were published by: Nasdaq.com which released: “Education Realty Trust Inc. (EDR) Ex-Dividend Date Scheduled for April 26, 2017” on April 25, 2017, also Nasdaq.com published article titled: “Education Realty Receives Approval for College View Project”, Nasdaq.com published: “Ex-Dividend Reminder: Blackstone Group, Hope Bancorp and Education Realty Trust” on July 25, 2017. More interesting news about Education Realty Trust, Inc. (NYSE:EDR) was released by: Nasdaq.com and their article: “Education Realty’s (EDR) Debt Rating Upgraded by Moody’s” with publication date: September 07, 2017.

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