Revenue Update on Education Realty Trust(NYSE:EDR)

Education Realty Trust(NYSE:EDR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $65.14M. Analysts estimated a revenue of $61.81M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.39.

In a different note, On Jun 23, 2016, FBR Capital said it Assumes its rating on Education Realty Trust. The shares have been rated ‘Outperform’ by the firm. Evercore ISI Group said it Initiates Coverage on Education Realty Trust, according to a research note issued on Jun 6, 2016. The shares have been rated ‘Hold’ by the firm.

Education Realty Trust (EDR) shares turned negative on Mondays trading session with the shares closing down -0.39 points or -0.83% at a volume of 12,25,929. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.36. The peak price level was also seen at $47.36 while the days lowest was $46.61. Finally the shares closed at $46.83. The 52-week high of the shares is $48.87 while the 52-week low is $28.01. According to the latest information available, the market cap of the company is $3,421 M.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Lindsey Mackie (Senior VP and CAO) purchased 153 shares at $43.01 per share price.Also, On May 23, 2016, Kimberly Schaefer (director) purchased 1,000 shares at $41.60 per share price.On Sep 15, 2015, Wendell W Weakley (director) sold 1,000 shares at $29.03 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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