Education Realty Trust (NYSE:EDR) : Traders are bullish on Education Realty Trust (NYSE:EDR) as it has outperformed the S&P 500 by a wide margin of 6.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.49%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.78% in the last 1 week, and is up 8.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 43.96% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $46.77 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $43.57 and the 200 Day Moving Average price is recorded at $40.61.
The stock has recorded a 20-day Moving Average of 4.65% and the 50-Day Moving Average is 8.27%.
Education Realty Trust (NYSE:EDR): stock turned positive on Friday. Though the stock opened at $46.26, the bulls momentum made the stock top out at $46.77 level for the day. The stock recorded a low of $45.88 and closed the trading day at $46.37, in the green by 0.69%. The total traded volume for the day was 1,263,457. The stock had closed at $46.05 in the previous days trading.
In an insider trading activity, Mackie Lindsey, officer (Senior VP and CAO) of Education Realty Trust, Inc., executed a transaction worth $6,581 on June 14, 2016. A total of 153 shares were purchased at an average price of $43.01. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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 Company 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 operates through three segments: collegiate housing leasing, collegiate housing development consulting services and collegiate housing management services. The Trust conducts all of its activities through, Education Realty Operating Partnership, LP (EROP) and its subsidiaries, EDR Management Inc. (Management Company) and EDR Development LLC (Development Company). The Management Company wholly owns the Trusts Development Company.