Education Realty Trust (EDR) Hits New 52-Week Low at $33.01

Education Realty Trust, Inc. (NYSE:EDR) shares hit a new 52-week low on Friday . The stock traded as low as $33.01 and last traded at $33.29, with a volume of 532200 shares traded. The stock had previously closed at $33.64.

A number of analysts have commented on EDR shares. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price target (down previously from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. FBR & Co reaffirmed a “buy” rating and set a $44.00 price target on shares of Education Realty Trust in a research report on Monday, October 30th. Royal Bank of Canada lowered their price target on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. B. Riley reaffirmed a “buy” rating on shares of Education Realty Trust in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. cut Education Realty Trust from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.90.

The stock has a market capitalization of $2,510.00, a PE ratio of 72.37, a P/E/G ratio of 2.89 and a beta of 0.44. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.44.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.31). The company had revenue of $75.36 million during the quarter, compared to analyst estimates of $69.22 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. analysts predict that Education Realty Trust, Inc. will post 1.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.39 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.69%. Education Realty Trust’s dividend payout ratio (DPR) is presently 339.13%.

In related news, Chairman Randy L. Churchey acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was acquired at an average price of $35.01 per share, with a total value of $700,200.00. Following the acquisition, the chairman now directly owns 149,506 shares in the company, valued at approximately $5,234,205.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was bought at an average cost of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. Prudential Financial Inc. raised its holdings in Education Realty Trust by 1.3% in the 2nd quarter. Prudential Financial Inc. now owns 50,064 shares of the real estate investment trust’s stock worth $1,940,000 after purchasing an additional 630 shares during the period. Swiss National Bank raised its holdings in Education Realty Trust by 1.7% in the 2nd quarter. Swiss National Bank now owns 122,196 shares of the real estate investment trust’s stock worth $4,735,000 after purchasing an additional 2,100 shares during the period. State of Tennessee Treasury Department acquired a new position in Education Realty Trust in the 2nd quarter worth about $1,163,000. Wells Fargo & Company MN raised its holdings in Education Realty Trust by 7.5% in the 2nd quarter. Wells Fargo & Company MN now owns 81,325 shares of the real estate investment trust’s stock worth $3,152,000 after purchasing an additional 5,667 shares during the period. Finally, Riverhead Capital Management LLC raised its holdings in Education Realty Trust by 87.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,158 shares during the period.

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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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