Traders Purchase High Volume of Education Realty Trust Call Options (EDR)

Education Realty Trust, Inc. (NYSE:EDR) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 2,470 call options on the stock. This is an increase of approximately 1,504% compared to the typical daily volume of 154 call options.

Shares of EDR stock opened at $39.91 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 5.11 and a beta of 0.43. Education Realty Trust has a 52 week low of $30.07 and a 52 week high of $43.30.

Education Realty Trust (NYSE:EDR) last announced its earnings results on Monday, April 30th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). Education Realty Trust had a return on equity of 3.95% and a net margin of 21.50%. The company had revenue of $90.70 million for the quarter, compared to analyst estimates of $85.79 million. During the same quarter last year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. analysts forecast that Education Realty Trust will post 1.85 EPS for the current year.



Several brokerages have commented on EDR. TheStreet upgraded shares of Education Realty Trust from a “c” rating to a “b-” rating in a report on Monday, May 7th. Robert W. Baird set a $36.00 target price on shares of Education Realty Trust and gave the stock a “buy” rating in a report on Thursday, February 22nd. B. Riley set a $44.00 target price on shares of Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, February 20th. Sandler O’Neill restated a “hold” rating and set a $34.00 target price on shares of Education Realty Trust in a report on Monday, February 26th. Finally, ValuEngine upgraded shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.33.

Several hedge funds and other institutional investors have recently bought and sold shares of EDR. ING Groep NV raised its holdings in shares of Education Realty Trust by 27.5% in the fourth quarter. ING Groep NV now owns 11,430 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 2,466 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Education Realty Trust by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 120,308 shares of the real estate investment trust’s stock valued at $4,201,000 after purchasing an additional 4,839 shares during the last quarter. Swiss National Bank raised its holdings in shares of Education Realty Trust by 2.0% in the fourth quarter. Swiss National Bank now owns 124,696 shares of the real estate investment trust’s stock valued at $4,354,000 after purchasing an additional 2,500 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Education Realty Trust by 77.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 18,100 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 7,913 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Education Realty Trust by 3.7% in the fourth quarter. Retirement Systems of Alabama now owns 97,952 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 3,509 shares during the last quarter.

About Education Realty Trust

EdR (NYSE: EDR) is one of America's largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 79 communities with more than 42,300 beds serving 50 universities in 25 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices.

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