Education Realty Trust, Inc. (EDR) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of Education Realty Trust, Inc. (NYSE:EDR) by 140.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,439 shares of the real estate investment trust’s stock after purchasing an additional 2,008 shares during the period. PNC Financial Services Group Inc.’s holdings in Education Realty Trust were worth $114,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its position in Education Realty Trust by 72.8% during the 4th quarter. Advisor Group Inc. now owns 5,488 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 2,312 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Education Realty Trust during the 4th quarter worth approximately $240,000. Brinker Capital Inc. purchased a new stake in Education Realty Trust during the 1st quarter worth approximately $247,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Education Realty Trust by 33.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,770 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 1,952 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Education Realty Trust during the 1st quarter worth approximately $279,000.

Several analysts have recently commented on the stock. TheStreet raised shares of Education Realty Trust from a “c” rating to a “b-” rating in a report on Monday, May 7th. Zacks Investment Research raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 15th. Goldman Sachs Group downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, May 16th. ValuEngine downgraded shares of Education Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Finally, Evercore ISI raised shares of Education Realty Trust from an “underperform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Sunday, June 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.94.

EDR stock opened at $41.50 on Friday. The firm has a market capitalization of $3.35 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 5.28 and a beta of 0.43. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.53. Education Realty Trust, Inc. has a 12 month low of $30.07 and a 12 month high of $43.30.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). Education Realty Trust had a net margin of 21.50% and a return on equity of 3.95%. The business had revenue of $90.70 million during the quarter, compared to analysts’ expectations of $85.79 million. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. research analysts expect that Education Realty Trust, Inc. will post 1.85 EPS for the current fiscal year.

Education Realty Trust Profile

EdR (NYSE: EDR) is one of America's largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 79 communities with more than 42,300 beds serving 50 universities in 25 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices.

Want to see what other hedge funds are holding EDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Education Realty Trust, Inc. (NYSE:EDR).

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

Receive News & Ratings for Education Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply