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Education Realty Trust, Inc. (NYSE:EDR) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Having a price of $40.73, Education Realty Trust, Inc. (NYSE:EDR) traded -0.44% lower on the day. With the last close down -7.10% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Education Realty Trust, Inc. has recorded a 50-day average of $43.81 and a two hundred day average of $43.65. Volume of trade was down over the average, with 540,195 shares of EDR changing hands under the typical 708,757

Zacks Investment Research has downgraded Education Realty Trust, Inc. (NYSE:EDR) to Sell in a statement released on 10/10/2016.

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Education Realty Trust, Inc. (NYSE:EDR)

Education Realty Trust, Inc. has a 52 week low of $32.90 and a 52 week high of $48.87 with a P/E ratio of 53.43 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 12 brokers have issued a research note on the company. The average stock price target is $43.75 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis 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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