Should Investors Be Selling Education Realty Trust (NYSE:EDR)? Goldman Sachs Has Just Downgraded The Stock

May 17, 2018 - By Harriett Tippett

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

Investors sentiment decreased to 1.36 in Q4 2017. Its down 0.36, from 1.72 in 2017Q3. It dived, as 27 investors sold Education Realty Trust, Inc. shares while 61 reduced holdings. 31 funds opened positions while 89 raised stakes. 78.96 million shares or 2.56% less from 81.03 million shares in 2017Q3 were reported.

Price T Rowe Assocs Md, Maryland-based fund reported 62,462 shares. Palisade Capital Limited Liability Nj holds 0.8% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR) for 677,969 shares. Asset Management One Ltd invested in 208,902 shares or 0.02% of the stock. Bnp Paribas Arbitrage Sa holds 51,739 shares. Bnp Paribas Asset Mgmt Sa holds 272,616 shares. Amundi Pioneer Asset Management Inc holds 63,731 shares. State Of Alaska Department Of Revenue stated it has 10,053 shares. Polaris Management Ltd Co has 232,264 shares for 0.08% of their portfolio. New York-based Millennium Limited has invested 0.01% in Education Realty Trust, Inc. (NYSE:EDR). Tiverton Asset Management Limited Liability Corp reported 28,020 shares. 44,324 were accumulated by Aqr Capital Mgmt Ltd Liability Company. Spirit Of America Mgmt New York holds 0.21% of its portfolio in Education Realty Trust, Inc. (NYSE:EDR) for 55,275 shares. Rafferty Asset Mngmt has invested 0.05% in Education Realty Trust, Inc. (NYSE:EDR). Daiwa Secs Group stated it has 0.67% in Education Realty Trust, Inc. (NYSE:EDR). Us Financial Bank De reported 0% in Education Realty Trust, Inc. (NYSE:EDR).

Education Realty Trust (NYSE:EDR) Receives a Downgrade

Goldman Sachs has downgraded shares of Education Realty Trust (NYSE:EDR) to a Hold rating in a research report sent to investors on Wednesday morning. The firm now has a $35.0000 price target on shares. Goldman Sachs’s price target would suggest a possibly upside of 4.57 % from the previous close of the stock.

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

Among 7 analysts covering Education Realty Trust (NYSE:EDR), 3 have Buy rating, 2 Sell and 2 Hold. Therefore 43% are positive. Education Realty Trust has $44.0 highest and $34.0 lowest target. $38’s average target is 13.53% above currents $33.47 stock price. Education Realty Trust had 8 analyst reports since December 15, 2017 according to SRatingsIntel. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, February 22 report. The rating was maintained by Sandler O’Neill with “Hold” on Monday, February 26. The stock of Education Realty Trust, Inc. (NYSE:EDR) has “Buy” rating given on Tuesday, December 19 by KeyBanc Capital Markets. FBR Capital maintained the stock with “Buy” rating in Monday, January 22 report. The firm has “Neutral” rating given on Wednesday, May 16 by Goldman Sachs. JP Morgan downgraded the shares of EDR in report on Friday, December 15 to “Underweight” rating. FBR Capital maintained the stock with “Buy” rating in Tuesday, January 2 report. J.P. Morgan downgraded Education Realty Trust, Inc. (NYSE:EDR) rating on Friday, December 15. J.P. Morgan has “Sell” rating and $36.0 target.

The stock decreased 1.59% or $0.54 during the last trading session, reaching $33.47. About 1.05 million shares traded or 67.96% up from the average. Education Realty Trust, Inc. (NYSE:EDR) has declined 20.25% since May 18, 2017 and is downtrending. It has underperformed by 31.80% the S&P500.

Analysts await Education Realty Trust, Inc. (NYSE:EDR) to report earnings on July, 30. They expect $0.37 earnings per share, down 11.90 % or $0.05 from last year’s $0.42 per share. EDR’s profit will be $28.10 million for 22.61 P/E if the $0.37 EPS becomes a reality. After $0.57 actual earnings per share reported by Education Realty Trust, Inc. for the previous quarter, Wall Street now forecasts -35.09 % negative EPS growth.

EdR is a real estate investment trust. The company has market cap of $2.54 billion. The firm invests in the real estate markets of United States. It has a 55.78 P/E ratio. It invests collegiate housing communities.

More news for Education Realty Trust, Inc. (NYSE:EDR) were recently published by: Seekingalpha.com, which released: “EdR’s (EDR) CEO Randy Churchey on Q1 2018 Results – Earnings Call Transcript” on April 30, 2018. Nasdaq.com‘s article titled: “Analysis: Positioning to Benefit within Apogee Enterprises, ArcBest, Buckle, Career Education, Abercrombie & Fitch …” and published on May 17, 2018 is yet another important article.

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

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