Education Realty Trust (NYSE:EDR) Has Been Downgraded Today by Goldman Sachs to a Sell


Education Realty Trust (NYSE:EDR) Receives a Downgrade

Investment analysts at Goldman Sachs’s division of equities downgraded the rating for shares of Education Realty Trust (NYSE:EDR) from a Neutral to a Sell on Thursday, 3 December.

From a total of 11 analysts covering Education Realty Trust (NYSE:EDR) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is $43 while the lowest target price is $32. The mean of all analyst targets is $37.55 with a 9.72% above today’s ($35.09) stock price. Education Realty Trust was the topic of 6 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JMP Securities initiated shares on September 17 with “Market Outperform” rating. Zacks downgraded EDR stock in a recent report from August 4 to “Hold” rating.

Approximately 268,031 shares of stock traded hands. Education Realty Trust, Inc. (NYSE:EDR) has risen 8.39% since April 30, 2015 and is uptrending. It has outperformed by 8.68% the S&P500.

Education Realty Trust, Inc. is a self-managed and self-advised real estate investment trust (REIT). The company has a market cap of $2.01 billion. The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. It has 124.33 P/E ratio. The Firm 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.

According to Zacks Investment Research, “Education Realty Trust owns, manages, and develops student housing communities located near university campuses throughout the United States. EDR will elect to be taxed as a real estate investment trust. EDR also manages student housing communities for college and university systems across the country.” Get a free copy of the Zacks research report on Education Realty Trust, Inc. (EDR).