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Bank of America Corp. upgraded Education Realty Trust, Inc. (NYSE:EDR) to Buy in a report released today.

Yesterday Education Realty Trust, Inc. (NYSE:EDR) traded 1.73% higher at $40.06. The company’s 50-day moving average is $41.09 and its 200-day moving average is $43.68. The last stock close price is down -7.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 667,880 shares of the stock were exchanged, down from an average trading volume of 717,208

Bank of America Corp. has upgraded Education Realty Trust, Inc. (NYSE:EDR) to Buy in a report released on 11/23/2016.

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Education Realty Trust, Inc. (NYSE:EDR)

Education Realty Trust, Inc. has a 52 week low of $34.76 and a 52 week high of $48.87 with a P/E ratio of 57.68 The company’s market cap is currently $0.

In addition to Bank of America Corp. reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $43.75 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Education Realty Trust, Inc. (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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