Education Realty Trust, Inc. (NYSE:EDR) Director Kimberly Schaefer bought 1,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $37.63 per share, for a total transaction of $37,630.00. Following the completion of the purchase, the director now directly owns 5,909 shares in the company, valued at approximately $222,355.67. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Education Realty Trust, Inc. (NYSE:EDR) traded up 1.12% during mid-day trading on Thursday, hitting $38.04. The stock had a trading volume of 263,831 shares. The company has a 50-day moving average of $39.19 and a 200-day moving average of $40.42. Education Realty Trust, Inc. has a 12-month low of $36.98 and a 12-month high of $48.87. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 62.36 and a beta of 0.38.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.35. Education Realty Trust had a return on equity of 2.86% and a net margin of 16.26%. The business had revenue of $85.80 million during the quarter, compared to the consensus estimate of $78.54 million. During the same period last year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, analysts anticipate that Education Realty Trust, Inc. will post $0.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Wednesday, April 26th. Education Realty Trust’s dividend payout ratio (DPR) is 205.41%.

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A number of institutional investors have recently modified their holdings of the company. Texas Permanent School Fund raised its position in shares of Education Realty Trust by 10.2% in the third quarter. Texas Permanent School Fund now owns 55,648 shares of the real estate investment trust’s stock worth $2,401,000 after buying an additional 5,131 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Education Realty Trust by 3.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,289,190 shares of the real estate investment trust’s stock worth $228,176,000 after buying an additional 192,001 shares during the period. IndexIQ Advisors LLC raised its position in shares of Education Realty Trust by 37.5% in the third quarter. IndexIQ Advisors LLC now owns 73,204 shares of the real estate investment trust’s stock worth $3,158,000 after buying an additional 19,974 shares during the period. Assetmark Inc. raised its position in shares of Education Realty Trust by 761.5% in the third quarter. Assetmark Inc. now owns 153,106 shares of the real estate investment trust’s stock worth $6,605,000 after buying an additional 135,334 shares during the period. Finally, Oak Ridge Investments LLC acquired a new position in shares of Education Realty Trust during the third quarter worth about $48,913,000.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Royal Bank of Canada reiterated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. Evercore ISI lowered their target price on Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating on the stock in a research note on Tuesday, May 2nd. Canaccord Genuity lowered their target price on Education Realty Trust from $43.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, May 2nd. Finally, JMP Securities downgraded Education Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Education Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $47.44.

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.

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