GSA Capital Partners LLP Takes $792,000 Position in Education Realty Trust, Inc. (EDR)

GSA Capital Partners LLP acquired a new position in shares of Education Realty Trust, Inc. (NYSE:EDR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,050 shares of the real estate investment trust’s stock, valued at approximately $792,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deprince Race & Zollo Inc. increased its stake in Education Realty Trust by 71.4% during the third quarter. Deprince Race & Zollo Inc. now owns 795,756 shares of the real estate investment trust’s stock valued at $28,592,000 after acquiring an additional 331,464 shares during the period. Goldman Sachs Group Inc. increased its stake in Education Realty Trust by 103.2% during the second quarter. Goldman Sachs Group Inc. now owns 534,297 shares of the real estate investment trust’s stock valued at $20,704,000 after acquiring an additional 271,415 shares during the period. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Education Realty Trust in the 3rd quarter valued at approximately $8,084,000. Channing Capital Management LLC grew its stake in shares of Education Realty Trust by 15.6% in the 3rd quarter. Channing Capital Management LLC now owns 1,340,581 shares of the real estate investment trust’s stock valued at $48,167,000 after purchasing an additional 180,768 shares during the period. Finally, Virginia Retirement Systems ET AL grew its stake in shares of Education Realty Trust by 252.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 140,600 shares of the real estate investment trust’s stock valued at $5,052,000 after purchasing an additional 100,700 shares during the period.

Shares of Education Realty Trust, Inc. (NYSE:EDR) opened at $34.65 on Thursday. The company has a market capitalization of $2,620.00, a P/E ratio of 75.33, a P/E/G ratio of 3.04 and a beta of 0.43. Education Realty Trust, Inc. has a 12-month low of $34.44 and a 12-month high of $42.80. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) EPS 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 the consensus estimate 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 was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. analysts anticipate that Education Realty Trust, Inc. will post 1.9 earnings per share for the current year.

EDR has been the topic of several analyst reports. KeyCorp reiterated a “buy” rating and issued a $47.00 price objective on shares of Education Realty Trust in a research note on Wednesday, September 6th. B. Riley set a $44.00 price objective on Education Realty Trust and gave the company a “buy” rating in a research note on Tuesday, November 14th. Robert W. Baird set a $38.00 price objective on Education Realty Trust and gave the company a “buy” rating in a research note on Tuesday, October 31st. FBR & Co reiterated a “buy” rating and issued a $44.00 price objective on shares of Education Realty Trust in a research note on Monday, October 30th. Finally, Royal Bank of Canada lowered their price objective on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.90.

In other news, Chairman Randy L. Churchey acquired 20,000 shares of Education Realty Trust stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of $35.01 per share, with a total value of $700,200.00. Following the acquisition, the chairman now owns 149,506 shares in the company, valued at $5,234,205.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Edwin B. Brewer, Jr. acquired 5,000 shares of Education Realty Trust stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $35.01 per share, for a total transaction of $175,050.00. The disclosure for this purchase can be found here. 0.50% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Education Realty Trust (NYSE:EDR)

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