Education Realty Trust Inc. (NYSE:EDR) PT Lowered to $40.00

Lloyd Doyle
November 19, 2017

The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.31).

As of quarter end Geode Capital Management, LLC had bought 30,130 shares growing its position 4.3%. Exxon Mobil Corp now has $338.63 billion valuation. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since November 18, 2016 and is downtrending. About 131,838 shares traded. It has underperformed by 6.11% the S&P500.

Education Realty Trust (NYSE:EDR) last announced its earnings results on Monday, October 30th. KRG's SI was 1.92 million shares in November as released by FINRA. Short shares fell from 4,873,755 to 2,007,101 over that timeframe. The value of the position overall is down by 63.6%. The stock decreased 0.77% or $0.15 on November 17, reaching $19.25. The stock was acquired at an average cost of $35.01 per share, with a total value of $700,200.00. Empire State Realty Trust Inc (NYSE:ESRT) has risen 10.59% since November 17, 2016 and is uptrending. It has underperformed by 23.48% the S&P500.

Investors sentiment increased to 1.39 in 2017 Q2.

Other institutional investors and hedge funds have also bought and sold shares of the company. 184.77 million shares or 0.98% less from 186.59 million shares in 2017Q1 were reported. Susquehanna Group Incorporated Llp stated it has 116,324 shares. Kistler accumulated 50 shares. Great West Life Assurance Can reported 120,297 shares. Cohen & Steers Inc, a New York-based fund reported 10.47 million shares. Daiwa Securities Group Inc. now owns 5,480,102 shares of the real estate investment trust's stock valued at $212,354,000 after acquiring an additional 255,192 shares in the last quarter. Northwestern Mutual Wealth Com invested in 55 shares.

Among 8 analysts covering Imperial Oil (NYSEMKT:IMO), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 82% are positive. Incyte had 71 analyst reports since August 6, 2015 according to SRatingsIntel. Chilton Cap Management Limited Company stated it has 487,172 shares. The firm has "Outperform" rating given on Friday, January 6 by Oppenheimer. The rating was maintained by Barclays Capital with "Overweight" on Monday, October 5. On Monday, September 18 the stock rating was maintained by Stifel Nicolaus with "Buy". The stock has "Buy" rating by BTIG Research on Thursday, August 25. Raymond James maintained it with "Buy" rating and $26800 target in Wednesday, July 5 report. The rating was downgraded by Macquarie Research on Tuesday, January 24 to "Underperform". Peregrine Capital Management LLC owned 0.48% of Kite Realty Group Trust worth $8,203,000 at the end of the most recent reporting period. It also reduced Edgewell Pers Care Co stake by 94,173 shares and now owns 301,317 shares.

Since June 9, 2017, it had 0 buys, and 1 insider sale for $411,661 activity. Its down 0.43, from 1.54 in 2017Q1. Thompson Davis & Co invested 0% in Empire State Realty Trust Inc (NYSE:ESRT). The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. Moreover, Parametric Portfolio Associate Limited Liability has 0% invested in Empire State Realty Trust Inc (NYSE:ESRT). Bb&T Limited Liability Company holds 0% or 14,295 shares. Royal Commercial Bank Of Canada owns 6,253 shares for 0% of their portfolio. Riley Analysts Give Education Realty Trust Inc. Rhumbline Advisers holds 0.01% or 139,025 shares. 26,890 are held by Nuveen Asset Mngmt Lc. Sold All: 34 Reduced: 1 Increased: 0 New Position: 2. Alliancebernstein Lp accumulated 0.09% or 3.09M shares.

Kite Realty Group Trust is a real estate investment trust. The firm has a market cap of $2,727.87, a PE ratio of 18.95, a price-to-earnings-growth ratio of 3.16 and a beta of 0.43. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States. It has a 79.04 P/E ratio. As of December 31, 2016, the Company owned interests in 108 operating retail properties totaling approximately 21.4 million square feet of gross leasable area located in 20 states. During the same period in the previous year, the firm earned $0.52 EPS. equities analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year. Therefore 67% are positive. KeyCorp reissued a buy rating and set a $47.00 price objective on shares of Education Realty Trust in a research note on Wednesday, September 6th. The firm earned "Neutral" rating on Thursday, November 17 by Hilliard Lyons.

Shares of Education Realty Trust (NYSE EDR) opened at $36.01 on Wednesday. The stock has "Sector Perform" rating by RBC Capital Markets on Thursday, November 5. Equity analyst Robert W. Baird updated guidance on EDR stating a rating of "Buy" and establishing a price target of $38.00. The rating was initiated by JP Morgan with "Neutral" on Thursday, August 25.

On October 24, 2017 Capital One Financial Corporation maintained a "Equal Weight" rating on the company. Citigroup downgraded the stock to "Neutral" rating in Thursday, June 29 report. The stock has "Buy" rating by Canaccord Genuity on Monday, October 3. Investors of record on Tuesday, October 31st were given a dividend of $0.39 per share.

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