Education Realty Trust (EDR) : 8 analysts are covering Education Realty Trust (EDR) and their average rating on the stock is 2.38, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Education Realty Trust (EDR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Education Realty Trust (EDR) : The highest level Education Realty Trust (EDR) is projected to reach is $51 for the short term and the lowest estimate is at $41. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $46.42 and the possibility the share price can swing is $4.15.
Company shares have received an average consensus rating of Hold for the current week
Education Realty Trust (NYSE:EDR): The stock opened at $48.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $48.26 for the day. The stock traded down to $47.60 during the day, due to lack of any buying support eventually closed down at $48.00 with a loss of -0.41% for the day. The stock had closed at $48.20 on the previous day. The total traded volume was 1,047,349 shares.
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.