Education Realty Trust (EDR) has risen sharply, recording gains of 1.14% in the past 4 weeks. However, the stock has corrected -0.61% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.3% and the 50-Day Moving Average is 3.85%. Education Realty Trust (NYSE:EDR): stock turned positive on Friday. Though the stock opened at $46.54, the bulls momentum made the stock top out at $47.38 level for the day. The stock recorded a low of $46.54 and closed the trading day at $46.93, in the green by 1.19%. The total traded volume for the day was 1,840,934. The stock had closed at $46.38 in the previous days trading.
The company Insiders own 0.5% of Education Realty Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 54.23% . During last six month period, the net percent change held by insiders has seen a change of 54.23%. Also, Equity Analysts at the Brokerage Firm, FBR Capital, maintains their rating on the shares of Education Realty Trust (NYSE:EDR). FBR Capital has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $51 per share from a prior target of $48. The rating by the firm was issued on August 2, 2016.
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.