California State Teachers Retirement System lessened its stake in shares of Education Realty Trust, Inc. (NYSE:EDR) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,768 shares of the real estate investment trust’s stock after selling 12,571 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Education Realty Trust worth $4,231,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Deprince Race & Zollo Inc. boosted its stake in shares of Education Realty Trust by 71.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 795,756 shares of the real estate investment trust’s stock worth $28,592,000 after buying an additional 331,464 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Education Realty Trust by 103.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 534,297 shares of the real estate investment trust’s stock worth $20,704,000 after buying an additional 271,415 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Education Realty Trust in the 3rd quarter worth $8,084,000. Channing Capital Management LLC boosted its stake in shares of Education Realty Trust by 15.6% in the 3rd quarter. Channing Capital Management LLC now owns 1,340,581 shares of the real estate investment trust’s stock worth $48,167,000 after buying an additional 180,768 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Education Realty Trust by 252.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 140,600 shares of the real estate investment trust’s stock worth $5,052,000 after buying an additional 100,700 shares during the last quarter.
Shares of Education Realty Trust, Inc. (EDR) traded down $0.06 during mid-day trading on Friday, hitting $33.51. The stock had a trading volume of 240,797 shares, compared to its average volume of 391,728. Education Realty Trust, Inc. has a 1 year low of $33.00 and a 1 year high of $42.44. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2,543.03, a PE ratio of 72.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.44.
Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.31). Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The company had revenue of $75.36 million for the quarter, compared to the consensus estimate of $69.22 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. research analysts forecast that Education Realty Trust, Inc. will post 1.9 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.56 annualized dividend and a yield of 4.66%. Education Realty Trust’s payout ratio is currently 339.14%.
Several equities analysts recently weighed in on EDR shares. B. Riley set a $44.00 target price on Education Realty Trust and gave the company a “buy” rating in a research report on Tuesday, November 14th. Robert W. Baird reiterated an “outperform” rating and set a $40.00 target price (down from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. KeyCorp reiterated a “buy” rating and set a $40.00 target price on shares of Education Realty Trust in a research report on Thursday, December 21st. JPMorgan Chase & Co. downgraded Education Realty Trust from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Finally, Royal Bank of Canada decreased their price target on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $40.90.
In other Education Realty Trust news, VP Edwin B. Brewer, Jr. bought 5,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was acquired at an average price of $35.01 per share, for a total transaction of $175,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Randy L. Churchey bought 20,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were acquired at an average price of $35.01 per share, with a total value of $700,200.00. Following the transaction, the chairman now directly owns 149,506 shares of the company’s stock, valued at $5,234,205.06. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.
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Education Realty Trust Profile
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.
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