Education Realty Trust Inc. (NYSE:EDR) VP Edwin B. Brewer, Jr. purchased 5,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $35.01 per share, with a total value of $175,050.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Education Realty Trust Inc. (EDR) traded up $0.69 during trading on Friday, hitting $35.68. The company had a trading volume of 1,104,192 shares, compared to its average volume of 677,751. The stock has a market cap of $2.63 billion, a PE ratio of 18.31 and a beta of 0.43.
Education Realty Trust (NYSE:EDR) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.31). Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business had revenue of $75.36 million during the quarter, compared to analysts’ expectations of $69.22 million. During the same quarter in the prior year, the firm earned $0.26 EPS. Education Realty Trust’s revenue for the quarter was up 13.8% on a year-over-year basis. equities analysts expect that Education Realty Trust Inc. will post 1.9 EPS for the current fiscal year.
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 $0.39 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.37%. Education Realty Trust’s dividend payout ratio is presently 339.14%.
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Large investors have recently bought and sold shares of the business. Legal & General Group Plc increased 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 buying an additional 18,835 shares in the last quarter. TD Asset Management Inc. purchased a new stake in Education Realty Trust during the 2nd quarter worth approximately $504,000. Schwab Charles Investment Management Inc. increased 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 buying an additional 67,060 shares in the last quarter. Louisiana State Employees Retirement System increased 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 buying an additional 600 shares in the last quarter. Finally, Ranger Global Real Estate Advisors LLC increased 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 buying an additional 35,300 shares in the last quarter.
EDR has been the subject of a number of research reports. BidaskClub cut Education Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. 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. Sandler O’Neill lowered Education Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $47.00 to $40.00 in a research note on Monday, July 31st. TheStreet lowered Education Realty Trust from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $41.50.
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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