William Blair Investment Management LLC Has $25.37 Million Holdings in Education Realty Trust, Inc. (EDR)

William Blair Investment Management LLC raised its stake in Education Realty Trust, Inc. (NYSE:EDR) by 26.5% in the 4th quarter, HoldingsChannel reports. The fund owned 726,594 shares of the real estate investment trust’s stock after buying an additional 151,998 shares during the quarter. William Blair Investment Management LLC’s holdings in Education Realty Trust were worth $25,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EDR. BlackRock Inc. raised its holdings in Education Realty Trust by 5.2% in the 4th quarter. BlackRock Inc. now owns 10,218,931 shares of the real estate investment trust’s stock valued at $356,846,000 after acquiring an additional 505,601 shares in the last quarter. V3 Capital Management L.P. acquired a new position in Education Realty Trust in the 4th quarter valued at $11,630,000. Mesirow Financial Investment Management Equity Management raised its holdings in Education Realty Trust by 114.0% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 481,593 shares of the real estate investment trust’s stock valued at $16,817,000 after acquiring an additional 256,593 shares in the last quarter. Channing Capital Management LLC raised its holdings in Education Realty Trust by 13.9% in the 4th quarter. Channing Capital Management LLC now owns 1,527,099 shares of the real estate investment trust’s stock valued at $53,326,000 after acquiring an additional 186,518 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in Education Realty Trust by 20.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 957,611 shares of the real estate investment trust’s stock valued at $33,440,000 after acquiring an additional 161,855 shares in the last quarter.

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Education Realty Trust stock opened at $30.91 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.51. Education Realty Trust, Inc. has a fifty-two week low of $30.07 and a fifty-two week high of $41.79. The company has a market capitalization of $2,342.42, a price-to-earnings ratio of 16.27, a PEG ratio of 3.78 and a beta of 0.42.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Education Realty Trust had a return on equity of 2.62% and a net margin of 14.33%. The company had revenue of $95.87 million during the quarter, compared to analysts’ expectations of $87.56 million. During the same quarter in the previous year, the firm earned $0.59 EPS. Education Realty Trust’s revenue was up 13.8% on a year-over-year basis. research analysts expect that Education Realty Trust, Inc. will post 1.85 earnings per share for the current fiscal year.

Several brokerages have weighed in on EDR. Robert W. Baird set a $36.00 price objective on Education Realty Trust and gave the company a “buy” rating in a report on Thursday, February 22nd. Sandler O’Neill reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Education Realty Trust in a report on Monday, February 26th. B. Riley set a $44.00 price target on Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, February 20th. KeyCorp reissued a “buy” rating and set a $40.00 price target on shares of Education Realty Trust in a report on Thursday, December 21st. Finally, JPMorgan Chase & Co. cut Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.10.

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

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