UPDATE: Imperial Capital Initiates Education Realty Trust at In-Line on Residential REIT Diversification Option
In a report published on Thursday, Imperial Capital analyst David Harris initiated coverage on Education Realty Trust (NYSE: EDR) with a rating of In-Line and a price target of $10.
In the report, Imperial Capital stated, "In our view, interest in student housing is principally predicated on the prospects of a steady increase in academic enrollment and a desire by many educational establishments to upgrade and expand their accommodation facilities. We think the demand drivers are likely to largely remain in place for the forseeable future."
Education Realty Trust closed on Wednesday at $9.78.
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