Recent Insider Trading: Education Realty Trust Inc. $EDR

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Education Realty Trust Inc. (NYSE:EDR) insider have most recently took part in a trading activity. On Aug 23, 2017 Weakley Wendell W, Director bought 750 shares having total worth of $28,988 at the price of $38.65 per share, following the transaction a total of 34,731 shares owned by Weakley Wendell W.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 7 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 5 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 -3.25%
12 Month 5 2 -4.94%

Shares of Education Realty Trust Inc. (NYSE:EDR) traded up 0.34% on Aug 22, 2017, hitting $38.46. 278,332 shares of the company’s stock traded hands. Education Realty Trust Inc. has a 52 week low of $37.45 and a 52 week high of $48.47. The company’s market cap is $3,200 million.

Education Realty Trust Inc. (NYSE:EDR) last announced its earnings results on Jul 31, 2017. The company reported 0.42 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.08 by $0.34. The company had revenue of $70 million for the quarter, compared to the consensus estimate of $69 million. During the same quarter in the previous year, the company posted 0.39 earnings per share. The company’s revenue for the quarter was up 14% on a year-over-year basis.

2017-07-31 2017-05-01 2017-02-21 2016-10-31 2016-08-01 2016-05-02 2016-02-22 2015-11-02 2015-07-30 2015-04-29
earnings per share 0.42 0.60 0.59 0.26 0.39 0.54 0.61 0.30 0.41 0.50
Revenue(M) 70.07 85.8 84.22 66.23 65.14 73.38 75.52 58.19 57.32 64.13

Education Realty Trust Inc. has been the subject of a number of recent research reports. Analysts at Canaccord Genuity Downgrades shares of Education Realty Trust Inc. from a Buy rating to an Hold rating in a research note. They now have a $43.00 price target on the stock.

Education Realty Trust, Inc. is a self-managed and self-advised real estate investment trust, or REIT, which was organized in July 2004. The Company develops, acquires, owns and manages student housing communities located near university campuses. As of December 31, 2012, the company owned 43 collegiate housing communities located in 22 states containing 25,003 beds in 8,494 apartment units on or near 38 university campuses. As of December 31, 2012, it also provided third-party management services for 23 collegiate housing communities located in 10 states containing 12,060 beds in 4,068 apartment units on or near 20 university campuses. The Company has three reportable segments: collegiate housing leasing, development consulting services and management services. Collegiate-housing communities are typically leased by the bed on an individual lease liability basis. A parent or guardian is required to execute each lease as a guarantor unless the resident provides adequate proof of income and/or pays a deposit, which is usually equal to two months’ rent. It provides development consulting services mainly to colleges and universities seeking to modernize their on-campus collegiate housing communities but also to the Trust and other third-party investors. Its development consulting services typically include the following: market analysis and evaluation of collegiate housing needs and options; cooperation with the client on architectural design; negotiation of ground lease, development agreement, construction contract, architectural contract and bond documents; oversight of architectural design process; coordination of governmental and university plan approvals; oversight of construction process; design, purchase and installation of furniture; pre-opening marketing to students; and obtaining final approvals of construction. It provides management services for collegiate housing communities owned by educational institutions, charitable foundations, the Trust and others. Its management services typically cover all aspects of community operations, including residence life and student development, marketing, leasing administration, strategic relationships, and information systems and accounting services. It competes with several regional and national owner-operators of off-campus student housing, including one publicly-traded competitor, American Campus Communities, Inc. It also competes with privately held developers and other real estate firms and in a number of markets with smaller local owner-operators. As a current or prior owner, manager and developer of real estate, it are subject to various federal, state and local environmental laws, regulations and ordinances and also could be liable to third parties resulting from environmental contamination or noncompliance at its properties.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.