Education Realty Trust Inc. (NYSE:EDR) saw unusually-high trading volume on Thursday . Approximately 756,219 shares changed hands during trading, an increase of 7% from the previous session’s volume of 704,508 shares.The stock last traded at $45.94 and had previously closed at $46.12.

EDR has been the topic of several research analyst reports. Zacks Investment Research raised Education Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. FBR & Co initiated coverage on Education Realty Trust in a research note on Wednesday, April 6th. They set an “outperform” rating and a $47.00 price target on the stock. Goldman Sachs Group Inc. raised Education Realty Trust from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $32.00 to $42.00 in a research note on Monday, April 25th. JPMorgan Chase & Co. reissued a “hold” rating and set a $40.00 price target on shares of Education Realty Trust in a research note on Thursday, May 5th. Finally, Canaccord Genuity reissued a “buy” rating and set a $45.00 price target on shares of Education Realty Trust in a research note on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Education Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $43.00.

The firm has a market capitalization of $3.04 billion and a P/E ratio of 83.42. The firm’s 50-day moving average is $43.43 and its 200 day moving average is $40.55.

Education Realty Trust (NYSE:EDR) last announced its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. The firm earned $73.38 million during the quarter, compared to analyst estimates of $68.78 million. Education Realty Trust’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. Analysts anticipate that Education Realty Trust Inc. will post $1.78 earnings per share for the current fiscal year.

In related news, Director Kimberly Schaefer acquired 1,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average price of $41.60 per share, for a total transaction of $41,600.00. Following the completion of the purchase, the director now directly owns 2,800 shares of the company’s stock, valued at $116,480. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Other hedge funds and institutional investors recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Education Realty Trust by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 669,587 shares of the real estate investment trust’s stock worth $25,364,000 after buying an additional 40,548 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Education Realty Trust by 13.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 85,000 shares of the real estate investment trust’s stock worth $3,220,000 after buying an additional 10,000 shares in the last quarter. Advantus Capital Management Inc raised its position in Education Realty Trust by 127.5% in the fourth quarter. Advantus Capital Management Inc now owns 65,831 shares of the real estate investment trust’s stock worth $2,494,000 after buying an additional 36,900 shares in the last quarter. Victory Capital Management Inc. bought a new position in Education Realty Trust during the fourth quarter worth approximately $20,312,000. Finally, Monarch Partners Asset Management LLC raised its position in Education Realty Trust by 82.9% in the fourth quarter. Monarch Partners Asset Management LLC now owns 99,830 shares of the real estate investment trust’s stock worth $3,782,000 after buying an additional 45,255 shares in the last quarter.

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 Company develops collegiate housing communities for its own account and also provides third-party development consulting services on collegiate housing development projects for universities and other third parties.

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