Education Realty (EDR) Moving On Heavy Volume In The Pre-Market Hours
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Education Realty as such a stock due to the following factors:
- EDR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.8 million.
- EDR traded 413,474 shares today in the pre-market hours as of 8:53 AM, representing 99.8% of its average daily volume.
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More details on EDR:
EdR is a real estate investment trust. The firm invests in the real estate markets of United States. It invests collegiate housing communities. The firm develops, acquires, owns, and manages collegiate housing communities located near university campuses. The stock currently has a dividend yield of 4.1%. EDR has a PE ratio of 3. Currently there are 4 analysts that rate Education Realty a buy, 1 analyst rates it a sell, and 5 rate it a hold.
The average volume for Education Realty has been 375,600 shares per day over the past 30 days. has a market cap of $1.8 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.43 and a short float of 6.5% with 5.93 days to cover. Shares are down 1.9% year-to-date as of the close of trading on Friday.
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Analysis:
rates Education Realty as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, reasonable valuation levels and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- EDR's revenue growth has slightly outpaced the industry average of 6.2%. Since the same quarter one year prior, revenues rose by 14.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 133.1% when compared to the same quarter one year prior, rising from -$8.81 million to $2.92 million.
- EDUCATION REALTY TRUST INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, EDUCATION REALTY TRUST INC increased its bottom line by earning $0.98 versus $0.15 in the prior year. For the next year, the market is expecting a contraction of 64.3% in earnings ($0.35 versus $0.98).
- You can view the full Education Realty Ratings Report.
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