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 consensus price target for Education Realty Trust (EDR) is $49.08 for the short term with a standard deviation of $4.01. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $54, however, the pessimist price target for the company is $43.
Also, Citigroup initiates coverage on Education Realty Trust (NYSE:EDR). In the latest research report, Citigroup announces the target price to $46 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on September 7, 2016.
Education Realty Trust (NYSE:EDR): After opening at $42.59, the stock dipped to an intraday low of $42.25 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.03 and the buying power remained strong till the end. The stock closed at $42.53 for the day, a gain of 0.12% for the day session. The total traded volume was 785,463. The stocks close on the previous trading day was $42.48.
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.