Nationwide Fund Advisors raised its position in shares of Education Realty Trust Inc. (NYSE:EDR) by 136.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,750 shares of the real estate investment trust’s stock after buying an additional 112,547 shares during the period. Nationwide Fund Advisors owned approximately 0.27% of Education Realty Trust worth $8,986,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EDR. Daiwa Securities Group Inc. increased its stake in shares of Education Realty Trust by 20.1% in the second quarter. Daiwa Securities Group Inc. now owns 5,097,189 shares of the real estate investment trust’s stock worth $235,184,000 after buying an additional 854,423 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Education Realty Trust during the second quarter worth $36,825,000. Bank of New York Mellon Corp increased its stake in shares of Education Realty Trust by 24.2% in the second quarter. Bank of New York Mellon Corp now owns 3,539,344 shares of the real estate investment trust’s stock worth $163,304,000 after buying an additional 689,046 shares in the last quarter. State Street Corp increased its stake in shares of Education Realty Trust by 31.5% in the first quarter. State Street Corp now owns 2,278,109 shares of the real estate investment trust’s stock worth $94,770,000 after buying an additional 545,987 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Education Realty Trust during the fourth quarter worth $19,130,000.

Education Realty Trust Inc. (NYSE:EDR) traded up 1.44% on Tuesday, reaching $43.59. 439,738 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $45.56 and a 200-day moving average of $43.40. Education Realty Trust Inc. has a 12 month low of $30.61 and a 12 month high of $48.87. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 57.43 and a beta of 0.49.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Education Realty Trust had a net margin of 16.30% and a return on equity of 3.22%. The firm earned $65.14 million during the quarter, compared to the consensus estimate of $61.88 million. During the same period in the prior year, the firm earned $0.41 EPS. The business’s revenue was up 13.6% on a year-over-year basis. On average, equities analysts expect that Education Realty Trust Inc. will post $1.77 earnings per share for the current year.

EDR has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. KeyCorp set a $52.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a research report on Monday, August 22nd. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $44.00 price objective on shares of Education Realty Trust in a research report on Wednesday, August 3rd. Canaccord Genuity boosted their price objective on shares of Education Realty Trust from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Evercore ISI began coverage on shares of Education Realty Trust in a research report on Monday, June 6th. They set a “hold” rating and a $45.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.45.

In other Education Realty Trust news, Director Monte J. Barrow sold 5,000 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $467,452. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

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.

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