Education Realty Trust Inc. (NYSE:EDR) Director Wendell W. Weakley acquired 750 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $38.65 per share, for a total transaction of $28,987.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Education Realty Trust Inc. (NYSE:EDR) traded up 0.36% on Wednesday, reaching $38.60. The company had a trading volume of 442,684 shares. Education Realty Trust Inc. has a 52-week low of $36.98 and a 52-week high of $46.41. The company has a 50 day moving average price of $38.22 and a 200 day moving average price of $39.31. The stock has a market capitalization of $2.83 billion, a PE ratio of 89.77 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The firm had revenue of $74.04 million for the quarter, compared to analyst estimates of $69.40 million. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that Education Realty Trust Inc. will post $0.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.39 dividend. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, July 27th. Education Realty Trust’s payout ratio is presently 371.44%.

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Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Education Realty Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 11,605,728 shares of the real estate investment trust’s stock valued at $474,095,000 after buying an additional 294,760 shares during the last quarter. BlackRock Inc. raised its stake in shares of Education Realty Trust by 0.8% in the second quarter. BlackRock Inc. now owns 9,621,591 shares of the real estate investment trust’s stock valued at $372,836,000 after buying an additional 71,799 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Education Realty Trust by 4.9% in the second quarter. Daiwa Securities Group Inc. now owns 5,480,102 shares of the real estate investment trust’s stock valued at $212,354,000 after buying an additional 255,192 shares during the last quarter. State Street Corp raised its stake in shares of Education Realty Trust by 2.6% in the second quarter. State Street Corp now owns 3,431,312 shares of the real estate investment trust’s stock valued at $132,966,000 after buying an additional 87,185 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Education Realty Trust by 9.1% in the first quarter. Alliancebernstein L.P. now owns 3,193,120 shares of the real estate investment trust’s stock valued at $130,439,000 after buying an additional 267,456 shares during the last quarter.

Several equities research analysts have recently issued reports on EDR shares. Citigroup Inc. cut Education Realty Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $44.00 to $41.00 in a report on Thursday, June 29th. Zacks Investment Research cut Education Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Evercore ISI decreased their price objective on Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating on the stock in a report on Tuesday, May 2nd. Canaccord Genuity decreased their price objective on Education Realty Trust from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, May 2nd. Finally, FBR & Co restated a “buy” rating on shares of Education Realty Trust in a report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.38.

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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