Education Realty Trust Coverage Initiated by Analysts at Imperial Capital (EDR)

Research analysts at Imperial Capital began coverage on shares of Education Realty Trust (NYSE: EDR) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $10.00 price target on the stock. Imperial Capital’s price target points to a potential upside of 2.25% from the stock’s previous close.

The analysts wrote, “In our view, interest in student housing is principally predicated on the prospects of a steady increase in academic enrollment and a desire by many educational establishments to upgrade and expand their accommodation facilities. We think the demand drivers are likely to largely remain in place for the forseeable future.”

Shares of Education Realty Trust (NYSE: EDR) traded up 0.10% during mid-day trading on Thursday, hitting $9.79. Education Realty Trust has a 52 week low of $9.72 and a 52 week high of $11.81. The stock’s 50-day moving average is currently $10.82. The company has a market cap of $1.116 billion and a P/E ratio of 106.30.

Education Realty Trust (NYSE: EDR) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. The company had revenue of $41.40 million for the quarter, compared to the consensus estimate of $41.97 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Analysts expect that Education Realty Trust will post $0.54 EPS for the current fiscal year.

Separately, analysts at TheStreet downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, May 1st.

Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Education Realty Trust has an average rating of “Hold” and a consensus price target of $11.50.

Education Realty Trust, Inc. (NYSE: EDR) is a self-managed and self-advised real estate investment trust (REIT) organized to develop, acquire, own and manage student housing communities located near university campuses.