Education Realty Trust Inc. (NYSE:EDR) shares traded down 2.6% during trading on Tuesday . The stock traded as low as $45.69 and last traded at $45.71, with a volume of 159,389 shares. The stock had previously closed at $46.94.

Several research analysts have commented on the company. JPMorgan Chase & Co. reissued a “hold” rating and set a $44.00 target price on shares of Education Realty Trust in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded Education Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Canaccord Genuity boosted their target price on Education Realty Trust from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. FBR & Co boosted their target price on Education Realty Trust from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. Finally, Hilliard Lyons downgraded Education Realty Trust from a “neutral” rating to an “underperform” rating in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.11.

The company’s 50 day moving average is $46.81 and its 200 day moving average is $42.50. The company has a market cap of $3.38 billion and a price-to-earnings ratio of 60.95.

Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, August 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. During the same quarter in the prior year, the business earned $0.41 EPS. The company earned $65.14 million during the quarter, compared to the consensus estimate of $61.88 million. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities analysts predict that Education Realty Trust Inc. will post $1.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $1.52 annualized dividend and a yield of 3.31%. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.37.

In related news, Director Kimberly Schaefer bought 1,000 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was acquired at an average price of $41.60 per share, for a total transaction of $41,600.00. Following the purchase, the director now directly owns 2,800 shares in the company, valued at $116,480. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Other hedge funds and institutional investors recently modified their holdings of the company. State of Tennessee Treasury Department bought a new position in shares of Education Realty Trust during the fourth quarter valued at approximately $1,631,000. New York State Common Retirement Fund boosted its stake in Education Realty Trust by 2.4% in the fourth quarter. New York State Common Retirement Fund now owns 73,100 shares of the real estate investment trust’s stock valued at $2,769,000 after buying an additional 1,700 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake 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 valued at $3,220,000 after buying an additional 10,000 shares during the last quarter. Employees Retirement System of Texas boosted its stake in Education Realty Trust by 8.2% in the fourth quarter. Employees Retirement System of Texas now owns 198,756 shares of the real estate investment trust’s stock valued at $7,529,000 after buying an additional 15,000 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Education Realty Trust by 2.5% in the fourth quarter. Wells Fargo & Company MN now owns 296,283 shares of the real estate investment trust’s stock valued at $11,223,000 after buying an additional 7,216 shares during 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 Trust operates through three segments: collegiate housing leasing, development consulting services and management services.

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