SG Americas Securities LLC cut its stake in Education Realty Trust Inc. (NYSE:EDR) by 81.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,986 shares of the real estate investment trust’s stock after selling 47,636 shares during the period. SG Americas Securities LLC’s holdings in Education Realty Trust were worth $449,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EDR. Louisiana State Employees Retirement System raised its position in shares of Education Realty Trust by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the real estate investment trust’s stock valued at $756,000 after buying an additional 400 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Education Realty Trust by 3.2% in the first quarter. Capstone Asset Management Co. now owns 8,450 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 260 shares during the last quarter. First National Bank of Omaha increased its stake in shares of Education Realty Trust by 25.7% in the first quarter. First National Bank of Omaha now owns 143,448 shares of the real estate investment trust’s stock valued at $5,860,000 after buying an additional 29,356 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Education Realty Trust during the fourth quarter valued at $6,678,000. Finally, Teachers Advisors LLC increased its stake in shares of Education Realty Trust by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 120,897 shares of the real estate investment trust’s stock valued at $5,114,000 after buying an additional 6,538 shares during the last quarter.

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

Shares of Education Realty Trust Inc. (NYSE:EDR) opened at 40.36 on Friday. The firm has a 50 day moving average of $38.45 and a 200-day moving average of $40.14. Education Realty Trust Inc. has a 12 month low of $36.98 and a 12 month high of $48.87. The stock has a market capitalization of $2.95 billion, a P/E ratio of 66.16 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.35. The company had revenue of $85.80 million for the quarter, compared to analyst estimates of $78.54 million. Education Realty Trust had a return on equity of 2.47% and a net margin of 14.74%. Education Realty Trust’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Analysts forecast that Education Realty Trust Inc. will post $0.53 earnings per share for the current year.

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Several equities research analysts recently weighed in on EDR shares. Canaccord Genuity cut their target price on shares of Education Realty Trust from $43.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, May 2nd. Evercore ISI cut their target price on shares of Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating on the stock in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. Finally, JMP Securities downgraded 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $47.44.

In related news, Director Kimberly Schaefer acquired 1,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were purchased 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 in the company, valued at $222,355.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by 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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