Institutional Investors Are Selling Education Realty Trust Inc (NYSE:EDR)

July 23, 2018 - By Marie Mckinney

Education Realty Trust, Inc. (NYSE:EDR) Logo

Sentiment for Education Realty Trust Inc (NYSE:EDR)

Education Realty Trust Inc (NYSE:EDR) institutional sentiment decreased to 1.26 in 2018 Q1. Its down -0.10, from 1.36 in 2017Q4. The ratio is negative, as 102 institutional investors increased and started new stock positions, while 81 sold and decreased positions in Education Realty Trust Inc. The institutional investors in our partner’s database now have: 78.05 million shares, down from 78.96 million shares in 2017Q4. Also, the number of institutional investors holding Education Realty Trust Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 19 Reduced: 62 Increased: 76 New Position: 26.

EdR is a real estate investment trust. The company has market cap of $3.35 billion. The firm invests in the real estate markets of United States. It has a 44.82 P/E ratio. It invests collegiate housing communities.

The stock decreased 0.07% or $0.03 during the last trading session, reaching $41.46. About shares traded. Education Realty Trust, Inc. (NYSE:EDR) has declined 9.90% since July 23, 2017 and is downtrending. It has underperformed by 22.47% the S&P500.

Analysts await Education Realty Trust, Inc. (NYSE:EDR) to report earnings on July, 30. They expect $0.38 EPS, down 9.52 % or $0.04 from last year’s $0.42 per share. EDR’s profit will be $30.68M for 27.28 P/E if the $0.38 EPS becomes a reality. After $0.57 actual EPS reported by Education Realty Trust, Inc. for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

V3 Capital Management L.P. holds 5.48% of its portfolio in Education Realty Trust, Inc. for 951,401 shares. Channing Capital Management Llc owns 1.45 million shares or 1.66% of their US portfolio. Moreover, Clean Yield Group has 1.64% invested in the company for 118,395 shares. The Colorado-based Tributary Capital Management Llc has invested 1.44% in the stock. Mesirow Financial Investment Management, a Alabama-based fund reported 390,438 shares.

Education Realty Trust, Inc. (NYSE:EDR) Ratings Coverage

Ratings analysis reveals 20% of Education Realty Trust’s analysts are positive. Out of 5 Wall Street analysts rating Education Realty Trust, 1 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $34.0 while the high is $42. The stock’s average target of $32.63 is -21.30% below today’s ($41.46) share price. EDR was included in 8 notes of analysts from February 22, 2018. Robert W. Baird maintained the shares of EDR in report on Tuesday, June 26 with “Outperform” rating. Sandler O’Neill maintained Education Realty Trust, Inc. (NYSE:EDR) on Monday, February 26 with “Hold” rating. Evercore downgraded the shares of EDR in report on Tuesday, June 26 to “In-Line” rating. The stock of Education Realty Trust, Inc. (NYSE:EDR) earned “Outperform” rating by Robert W. Baird on Thursday, February 22. The rating was upgraded by Evercore to “Outperform” on Monday, June 4. The stock has “Neutral” rating by Goldman Sachs on Wednesday, May 16. The stock of Education Realty Trust, Inc. (NYSE:EDR) has “Sector Weight” rating given on Tuesday, June 26 by KeyBanc Capital Markets. Sandler O’Neill downgraded Education Realty Trust, Inc. (NYSE:EDR) on Thursday, July 12 to “Sell” rating.

More recent Education Realty Trust, Inc. (NYSE:EDR) news were published by: Globenewswire.com which released: “MERGER ALERT — WEB, EDR, PF: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of …” on July 09, 2018. Also Seekingalpha.com published the news titled: “EdR to be bought by Greystar-led fund in $4.6B transaction, including debt” on June 25, 2018. Globenewswire.com‘s news article titled: “MERGER ALERT — WEB, EDR, JNP: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of …” with publication date: July 11, 2018 was also an interesting one.

Education Realty Trust, Inc. (NYSE:EDR) Ratings Chart

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