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A statement released earlier today by Canaccord about Education Realty Trust (NYSE:EDR) drops the target price to $51.00

In a report released on 10/03/2016 Canaccord reduced the stock price target of Education Realty Trust (NYSE:EDR) from $54.00 to $51.00 reporting a potential upside of 0.18%.

Boasting a price of $43.14, Education Realty Trust (NYSE:EDR) traded -0.21% lower on the day. With the last stock close price down -1.09% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time period. EDR has recorded a 50-day moving average of $44.71 and a 200-day moving average of $43.62. 526,058 shares of the stock were exchanged, down from an average trading volume of 724,450

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Education Realty Trust (NYSE:EDR)

Education Realty Trust has a 52 week low of $32.90 and a 52 week high of $48.87 with a P/E ratio of 56.84 EDR’s total market value is presently $0.

A total of 12 equity analysts have released a ratings update on EDR. Two equity analysts rating the company a strong buy, four brokerages rating the company a buy, seven brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $43.75.

General Company Details For Education Realty Trust (NYSE:EDR)

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 Trust operates through three segments: collegiate housing leasing, development consulting services and management services. The Trust 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 owns approximately 60 collegiate housing communities located in over 20 states containing approximately 30,400 beds in over 11,680 apartment units in over 40 university campuses. It provides third-party management services for approximately 20 collegiate housing communities located in over 10 states containing approximately 11,540 beds in over 4,090 apartment units in over 20 university campuses.

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