Citigroup upgraded Education Realty Trust (NYSE:EDR) from Neutral to Buy in a report released today.
- Updated: October 5, 2016
Citigroup has upgraded Education Realty Trust (NYSE:EDR) from Neutral to Buy in a report released on 10/05/2016.
Previously on 10/4/2016, Citigroup Inc. reported on Education Realty Trust (NYSE:EDR) increased the target price from $0.00 to $46.00. At the time, this indicated a possible upside of 0.12%.
Just yesterday Education Realty Trust (NYSE:EDR) traded -2.10% lower at $41.07. EDR’s 50-day average is $44.56 and its two hundred day average is $43.66. With the last close down -5.93% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 480,855 shares of EDR changing hands under the typical 722,206
With a total market value of $0, Education Realty Trust has price-earnings ratio of 54.11 with a one year low of $32.90 and a one year high of $48.87 .
In addition to Citigroup reporting its stock price target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is $43.75 with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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