Education Realty Trust was Downgraded to a Hold Rating at Sandler O’Neill

By Ryan Adsit

In a report released today, Alexander Goldfarb from Sandler O’Neill downgraded Education Realty Trust (NYSE: EDR) to Hold. The company’s shares opened today at $37.55, close to its 52-week high of $48.87.

According to, Goldfarb is a 3-star analyst with an average return of 5.1% and a 62.1% success rate. Goldfarb covers the Financial sector, focusing on stocks such as General Growth Properties Inc, Hudson Pacific Properties, and Trade Street Residential.

Currently, the analyst consensus on Education Realty Trust is Moderate Buy and the average price target is $44, representing a 17.2% upside.

In a report released today, Canaccord Genuity also maintained a Hold rating on the stock with a $41 price target.

Based on Education Realty Trust’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $85.8 million and quarterly net profit of $15.67 million. In comparison, last year the company earned revenue of $65.91 million and had a net profit of $5.57 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EDR in relation to earlier this year.

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Education Realty Trust, Inc. operates as a real estate investment trust. It operates through the following business segments: Collegiate Housing Leasing, Development Consulting Services and Management Services.