Morgan Keegan Maintains Education Realty Trust Outperform, Lowers PT To $8.50 (EDR)

Morgan Keegan maintained its Education Realty Trust EDR Outperform rating and lowered Education Realty Trust's price target to $8.50 from $9 in a research report published today. In the report, Morgan Keegan states, "We maintain our Outperform rating on shares of EDR, anticipating above-average growth and improved portfolio quality as drivers of upside in 2011." Shares of Education Realty Trust closed Friday at $7.77, reflecting no change from Thursday's market close.