Education Realty Trust Inc. (NYSE:EDR) Chairman Randy L. Churchey bought 20,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were bought at an average price of $35.01 per share, with a total value of $700,200.00. Following the completion of the purchase, the chairman now owns 149,506 shares in the company, valued at approximately $5,234,205.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

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A number of equities research analysts have weighed in on EDR shares. Robert W. Baird reiterated an “outperform” rating and set a $40.00 target price (down from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $40.00 to $42.00 in a research note on Thursday, August 10th. BidaskClub lowered shares of Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. FBR & Co reiterated a “buy” rating and set a $44.00 target price on shares of Education Realty Trust in a research note on Monday. Finally, KeyCorp reiterated a “buy” rating and set a $47.00 target price on shares of Education Realty Trust in a research note on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.50.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in Education Realty Trust by 10.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Education Realty Trust by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 477 shares during the period. GAM Holding AG lifted its position in Education Realty Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 300 shares during the period. Dubuque Bank & Trust Co. lifted its position in Education Realty Trust by 22.5% during the second quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 1,173 shares during the period. Finally, Riverhead Capital Management LLC lifted its position in Education Realty Trust by 87.7% during the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 3,158 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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