Ameriprise Financial Inc. cut its position in Education Realty Trust Inc. (NYSE:EDR) by 16.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,195 shares of the real estate investment trust’s stock after selling 49,781 shares during the period. Ameriprise Financial Inc. owned about 0.35% of Education Realty Trust worth $11,635,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in EDR. BlackRock Japan Co. Ltd increased its position in shares of Education Realty Trust by 13.1% in the first quarter. BlackRock Japan Co. Ltd now owns 3,273 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 379 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Education Realty Trust by 7.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 238 shares during the period. LS Investment Advisors LLC increased its position in Education Realty Trust by 84.7% in the second quarter. LS Investment Advisors LLC now owns 3,997 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 1,833 shares during the period. Fox Run Management L.L.C. bought a new position in Education Realty Trust during the second quarter valued at about $268,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Education Realty Trust during the second quarter valued at about $312,000.
Education Realty Trust Inc. (NYSE:EDR) traded down 1.55% during midday trading on Thursday, reaching $43.17. The company’s stock had a trading volume of 244,729 shares. The stock has a market cap of $3.15 billion, a P/E ratio of 56.88 and a beta of 0.49. Education Realty Trust Inc. has a 12-month low of $32.55 and a 12-month high of $48.87. The stock’s 50 day moving average is $44.90 and its 200 day moving average is $43.60.
Education Realty Trust (NYSE:EDR) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The firm earned $65.14 million during the quarter, compared to analysts’ expectations of $61.88 million. Education Realty Trust had a return on equity of 3.22% and a net margin of 16.30%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Analysts anticipate that Education Realty Trust Inc. will post $1.77 earnings per share for the current year.
Several research firms have recently issued reports on EDR. Canaccord Genuity set a $54.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a report on Sunday, September 11th. Capital One Financial Corp. began coverage on shares of Education Realty Trust in a report on Friday, September 23rd. They set an “equal weight” rating and a $54.00 price objective on the stock. Zacks Investment Research downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Robert W. Baird upgraded shares of Education Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $42.97 to $47.00 in a report on Tuesday, September 20th. They noted that the move was a valuation call. Finally, FBR & Co began coverage on shares of Education Realty Trust in a report on Thursday, June 23rd. They set an “outperform” rating and a $48.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.00.
In related news, Director Monte J. Barrow sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at $467,452. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.
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.
Receive News & Ratings for Education Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.