Evercore ISI Group Initiates Coverage on Education Realty Trust to Hold

Evercore ISI Group Initiates Coverage on Education Realty Trust(NYSE:EDR). The shares have been rated Hold. The rating by Evercore ISI Group was issued on Jun 6, 2016.

In a different note, On Apr 25, 2016, Goldman Sachs said it Upgrades its rating on Education Realty Trust. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Neutral’ by the firm. FBR Capital said it Initiates Coverage on Education Realty Trust, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Outperform’ by the firm.

Education Realty Trust (EDR) made into the market gainers list on Fridays trading session with the shares advancing 0.56% or 0.24 points. Due to strong positive momentum, the stock ended at $42.84, which is also near the day’s high of $43.1. The stock began the session at $42.77 and the volume stood at 6,17,587 shares. The 52-week high of the shares is $43.22 and the 52 week low is $28.01. The company has a current market capitalization of $2,830 M and it has 6,60,68,104 shares in outstanding.

Education Realty Trust(EDR) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $73.38M. Analysts had an estimated revenue of $67.76M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Kimberly Schaefer (director) purchased 1,000 shares at $41.60 per share price.Also, On Sep 15, 2015, Wendell W Weakley (director) sold 1,000 shares at $29.03 per share price.On Sep 8, 2015, Edwin B Jr Brewer (CFO) purchased 1,000 shares at $28.05 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Trust’s Development Company.

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