Education Realty Trust, Inc. (NYSE:EDR) Position Raised by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in shares of Education Realty Trust, Inc. (NYSE:EDR) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,469 shares of the real estate investment trust’s stock after acquiring an additional 6,936 shares during the period. California Public Employees Retirement System owned 0.15% of Education Realty Trust worth $4,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Education Realty Trust by 10.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 704,780 shares of the real estate investment trust’s stock worth $27,311,000 after purchasing an additional 67,060 shares during the period. Global Endowment Management LP acquired a new stake in Education Realty Trust during the 2nd quarter worth approximately $2,765,000. Teachers Advisors LLC lifted its holdings in Education Realty Trust by 9.9% during the 2nd quarter. Teachers Advisors LLC now owns 136,636 shares of the real estate investment trust’s stock worth $5,295,000 after buying an additional 12,271 shares in the last quarter. Palisade Capital Management LLC NJ lifted its holdings in Education Realty Trust by 8.2% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 611,682 shares of the real estate investment trust’s stock worth $21,978,000 after buying an additional 46,613 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Education Realty Trust by 11.8% during the 3rd quarter. New York State Common Retirement Fund now owns 137,678 shares of the real estate investment trust’s stock worth $4,947,000 after buying an additional 14,484 shares in the last quarter.

Shares of Education Realty Trust, Inc. (NYSE EDR) traded down $0.02 during trading hours on Friday, hitting $32.03. 454,024 shares of the stock traded hands, compared to its average volume of 455,579. The stock has a market capitalization of $2,502.12 and a P/E ratio of 69.37. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44. Education Realty Trust, Inc. has a 1-year low of $31.51 and a 1-year high of $42.44.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Tuesday, January 30th. Education Realty Trust’s payout ratio is currently 339.14%.

EDR has been the topic of a number of research reports. FBR & Co reiterated a “buy” rating and set a $44.00 target price on shares of Education Realty Trust in a report on Monday, October 30th. Robert W. Baird set a $38.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, October 31st. Royal Bank of Canada reduced their price objective on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. B. Riley restated a “buy” rating on shares of Education Realty Trust in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. lowered shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target 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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