Education Realty Trust Inc. (NYSE:EDR) VP Edwin B. Brewer, Jr. acquired 5,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were bought at an average price of $35.01 per share, with a total value of $175,050.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.31). The business had revenue of $75.36 million for the quarter, compared to analyst estimates of $69.22 million. Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Monday, October 30th. Education Realty Trust’s dividend payout ratio is currently 339.14%.

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Several research firms have recently commented on EDR. Robert W. Baird set a $38.00 price objective on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Tuesday. FBR & Co reiterated a “buy” rating and set a $44.00 price objective on shares of Education Realty Trust in a research note on Monday. KeyCorp reiterated a “buy” rating and set a $47.00 price objective on shares of Education Realty Trust in a research note on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $42.00 in a research note on Thursday, August 10th. Finally, TheStreet downgraded shares of Education Realty Trust from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Education Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $41.50.

Large investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in Education Realty Trust by 9.2% during the 2nd quarter. Legal & General Group Plc now owns 222,776 shares of the real estate investment trust’s stock worth $8,634,000 after purchasing an additional 18,835 shares during the period. TD Asset Management Inc. acquired a new stake in Education Realty Trust during the 2nd quarter worth $504,000. Schwab Charles Investment Management Inc. boosted its stake in Education Realty Trust by 10.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 704,780 shares of the real estate investment trust’s stock worth $27,311,000 after purchasing an additional 67,060 shares during the period. Louisiana State Employees Retirement System boosted its stake in Education Realty Trust by 3.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,100 shares of the real estate investment trust’s stock worth $740,000 after purchasing an additional 600 shares during the period. Finally, Ranger Global Real Estate Advisors LLC boosted its stake in Education Realty Trust by 48.6% during the 2nd quarter. Ranger Global Real Estate Advisors LLC now owns 108,000 shares of the real estate investment trust’s stock worth $4,185,000 after purchasing an additional 35,300 shares during the period.

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.

Insider Buying and Selling by Quarter for Education Realty Trust (NYSE:EDR)

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