California State Teachers Retirement System Reduces Position in Education Realty Trust, Inc. (EDR)

California State Teachers Retirement System decreased its holdings in shares of Education Realty Trust, Inc. (NYSE:EDR) by 9.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,768 shares of the real estate investment trust’s stock after selling 12,571 shares during the quarter. California State Teachers Retirement System owned 0.16% of Education Realty Trust worth $4,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Education Realty Trust by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 477 shares in the last quarter. GAM Holding AG grew its stake in Education Realty Trust by 5.0% in the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 300 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Education Realty Trust by 87.7% in the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,158 shares in the last quarter. ETRADE Capital Management LLC grew its stake in Education Realty Trust by 4.5% in the second quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 323 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Education Realty Trust in the second quarter worth approximately $311,000.

Shares of Education Realty Trust, Inc. (NYSE:EDR) opened at $33.18 on Friday. Education Realty Trust, Inc. has a 12-month low of $33.02 and a 12-month high of $42.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $2,510.00, a PE ratio of 72.13, a price-to-earnings-growth ratio of 2.89 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.31). Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business had revenue of $75.36 million for the quarter, compared to analyst estimates of $69.22 million. During the same quarter last year, the business earned $0.26 earnings per share. Education Realty Trust’s revenue was up 13.8% on a year-over-year basis. equities analysts anticipate that Education Realty Trust, Inc. will post 1.9 earnings per share for the current fiscal year.

In other news, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average cost of $35.01 per share, for a total transaction of $175,050.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Randy L. Churchey bought 20,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was acquired at an average cost of $35.01 per share, for a total transaction of $700,200.00. Following the completion of the purchase, the chairman now directly owns 149,506 shares in the company, valued at $5,234,205.06. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

A number of analysts have weighed in on EDR shares. B. Riley restated a “buy” rating on shares of Education Realty Trust in a report on Wednesday, November 1st. Robert W. Baird restated an “outperform” rating and set a $40.00 target price (down previously from $45.00) on shares of Education Realty Trust in a report on Monday, October 2nd. FBR & Co restated a “buy” rating and set a $44.00 target price on shares of Education Realty Trust in a report on Monday, October 30th. JPMorgan Chase & Co. lowered Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Finally, KeyCorp reiterated a “buy” rating and set a $40.00 price objective on shares of Education Realty Trust in a report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.90.

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About Education Realty Trust

Education Realty Trust, Inc (EdR) is a self-managed and self-advised real estate investment trust (REIT). The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. The Trust operates through three segments: collegiate housing leasing, development consulting services and management services.

Institutional Ownership by Quarter for Education Realty Trust (NYSE:EDR)

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