Parametric Portfolio Associates LLC decreased its stake in Education Realty Trust Inc. (NYSE:EDR) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 141,106 shares of the real estate investment trust’s stock after selling 1,060 shares during the period. Parametric Portfolio Associates LLC’s holdings in Education Realty Trust were worth $5,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Education Realty Trust by 11.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,440 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 470 shares during the period. Dubuque Bank & Trust Co. bought a new position in shares of Education Realty Trust during the first quarter valued at $213,000. Keybank National Association OH bought a new position in shares of Education Realty Trust during the fourth quarter valued at $242,000. Gilman Hill Asset Management LLC bought a new position in shares of Education Realty Trust during the first quarter valued at $257,000. Finally, LS Investment Advisors LLC raised its position in shares of Education Realty Trust by 25.7% in the first quarter. LS Investment Advisors LLC now owns 6,281 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 1,285 shares during the period.

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

Shares of Education Realty Trust Inc. (NYSE:EDR) opened at 39.18 on Tuesday. Education Realty Trust Inc. has a 12 month low of $36.98 and a 12 month high of $48.87. The firm has a market cap of $2.87 billion, a PE ratio of 64.23 and a beta of 0.44. The stock’s 50 day moving average is $38.43 and its 200 day moving average is $40.14.

Education Realty Trust (NYSE:EDR) last issued its earnings results on Monday, May 1st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.35. Education Realty Trust had a return on equity of 2.47% and a net margin of 14.74%. The firm had revenue of $85.80 million for the quarter, compared to analysts’ expectations of $78.54 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, analysts anticipate that Education Realty Trust Inc. will post $0.53 earnings per share for the current fiscal year.

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Several brokerages have weighed in on EDR. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 1st. Evercore ISI lowered shares of Education Realty Trust from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. JMP Securities lowered shares of Education Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Canaccord Genuity lowered their target price on shares of Education Realty Trust from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Education Realty Trust currently has an average rating of “Hold” and an average price target of $47.44.

In other news, Director Kimberly Schaefer bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of $37.63 per share, for a total transaction of $37,630.00. Following the acquisition, the director now owns 5,909 shares of the company’s stock, valued at $222,355.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by insiders.

Education Realty Trust Company Profile

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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