Lasalle Investment Management Securities LLC lessened its position in shares of Education Realty Trust, Inc. (NYSE:EDR) by 25.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,942 shares of the real estate investment trust’s stock after selling 5,992 shares during the quarter. Lasalle Investment Management Securities LLC’s holdings in Education Realty Trust were worth $627,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of EDR. The Manufacturers Life Insurance Company grew its position in Education Realty Trust by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 161,030 shares of the real estate investment trust’s stock valued at $6,239,000 after acquiring an additional 1,329 shares during the period. Mutual of America Capital Management LLC grew its position in Education Realty Trust by 3.5% during the third quarter. Mutual of America Capital Management LLC now owns 60,657 shares of the real estate investment trust’s stock valued at $2,179,000 after acquiring an additional 2,063 shares during the period. Aperio Group LLC grew its position in Education Realty Trust by 24.1% during the third quarter. Aperio Group LLC now owns 23,386 shares of the real estate investment trust’s stock valued at $840,000 after acquiring an additional 4,535 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Education Realty Trust during the third quarter valued at about $331,000. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in Education Realty Trust during the third quarter valued at about $8,084,000.
Education Realty Trust, Inc. (EDR) opened at $31.92 on Monday. The company has a market capitalization of $2,418.90, a PE ratio of 54.10, a price-to-earnings-growth ratio of 3.19 and a beta of 0.38. Education Realty Trust, Inc. has a one year low of $30.07 and a one year high of $42.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.29 and a current ratio of 0.18.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Tuesday, January 30th. Education Realty Trust’s dividend payout ratio is presently 264.41%.
A number of research firms have issued reports on EDR. Robert W. Baird set a $38.00 price target on Education Realty Trust and gave the company a “buy” rating in a research report on Tuesday, October 31st. B. Riley set a $44.00 price target on Education Realty Trust and gave the company a “buy” rating in a research report on Tuesday, February 20th. FBR & Co reissued a “buy” rating and set a $44.00 price target on shares of Education Realty Trust in a research report on Monday, October 30th. Royal Bank of Canada reduced their price objective on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. cut Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.70.
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Education Realty Trust Company 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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