Texas Permanent School Fund lessened its position in Education Realty Trust, Inc. (NYSE:EDR) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 51,206 shares of the real estate investment trust’s stock after selling 2,230 shares during the quarter. Texas Permanent School Fund’s holdings in Education Realty Trust were worth $1,788,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in Education Realty Trust in the third quarter valued at approximately $792,000. New York State Common Retirement Fund grew its stake in Education Realty Trust by 11.8% in the third quarter. New York State Common Retirement Fund now owns 137,678 shares of the real estate investment trust’s stock valued at $4,947,000 after acquiring an additional 14,484 shares during the period. Palisade Capital Management LLC NJ grew its stake in Education Realty Trust by 8.2% in the third quarter. Palisade Capital Management LLC NJ now owns 611,682 shares of the real estate investment trust’s stock valued at $21,978,000 after acquiring an additional 46,613 shares during the period. Comerica Bank grew its stake in Education Realty Trust by 32.8% in the third quarter. Comerica Bank now owns 177,944 shares of the real estate investment trust’s stock valued at $6,253,000 after acquiring an additional 43,990 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Education Realty Trust by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,034,996 shares of the real estate investment trust’s stock valued at $40,107,000 after acquiring an additional 41,051 shares during the period.
A number of equities research analysts have commented on EDR shares. FBR & Co reissued a “buy” rating and issued a $44.00 price objective on shares of Education Realty Trust in a research note on Monday, October 30th. 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. Royal Bank of Canada dropped their target price on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. B. Riley restated a “buy” rating on shares of Education Realty Trust in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. lowered Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $40.90.
The business also recently announced 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 of this dividend is Tuesday, January 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.15%. Education Realty Trust’s dividend payout ratio is presently 339.14%.
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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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