Education Realty Trust Inc. (EDR) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC grew its stake in shares of Education Realty Trust Inc. (NYSE:EDR) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,636 shares of the real estate investment trust’s stock after purchasing an additional 12,271 shares during the quarter. Teachers Advisors LLC owned approximately 0.19% of Education Realty Trust worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EDR. PNC Financial Services Group Inc. raised its holdings 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 worth $110,000 after purchasing an additional 246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $191,000 after purchasing an additional 477 shares in the last quarter. GAM Holding AG raised its holdings 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 worth $246,000 after purchasing an additional 300 shares in the last quarter. Dubuque Bank & Trust Co. raised its holdings 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 worth $247,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its holdings 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 worth $262,000 after purchasing an additional 3,158 shares in the last quarter.

In other news, VP Edwin B. Brewer, Jr. purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $37.50 per share, with a total value of $37,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Wendell W. Weakley purchased 750 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $38.65 per share, for a total transaction of $28,987.50. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,550 shares of company stock worth $96,496. Corporate insiders own 0.50% of the company’s stock.

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A number of analysts have weighed in on the stock. BidaskClub raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Robert W. Baird reissued an “outperform” rating and set a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a report on Monday, October 2nd. FBR & Co restated a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. Bank of America Corporation lowered shares of Education Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Finally, Citigroup Inc. lowered shares of Education Realty Trust from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $44.00 to $41.00 in a research report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.63.

Education Realty Trust Inc. (NYSE EDR) opened at 36.49 on Wednesday. Education Realty Trust Inc. has a 12 month low of $35.57 and a 12 month high of $43.16. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 84.86 and a beta of 0.45. The stock’s 50 day moving average is $38.02 and its 200-day moving average is $38.66.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $74.04 million for the quarter, compared to analyst estimates of $69.40 million. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. On average, equities research analysts expect that Education Realty Trust Inc. will post $0.51 earnings per share for the current year.

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.

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

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