NN Investment Partners Holdings N.V. increased its stake in Education Realty Trust Inc. (NYSE:EDR) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,745 shares of the real estate investment trust’s stock after buying an additional 2,405 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Education Realty Trust were worth $1,230,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EDR. Capstone Asset Management Co. raised its stake in shares of Education Realty Trust by 1.3% in the second quarter. Capstone Asset Management Co. now owns 8,560 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 110 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in shares of Education Realty Trust by 2.5% in the first quarter. Anchor Capital Advisors LLC now owns 6,210 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 150 shares in the last quarter. US Bancorp DE raised its stake in shares of Education Realty Trust by 0.4% in the first quarter. US Bancorp DE now owns 47,249 shares of the real estate investment trust’s stock valued at $1,930,000 after buying an additional 168 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of Education Realty Trust by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 12,143 shares of the real estate investment trust’s stock valued at $496,000 after buying an additional 180 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Education Realty Trust by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,634 shares of the real estate investment trust’s stock valued at $475,000 after buying an additional 230 shares in the last quarter.

Education Realty Trust Inc. (EDR) opened at 39.27 on Friday. Education Realty Trust Inc. has a 12 month low of $36.98 and a 12 month high of $48.87. The firm’s 50-day moving average is $39.03 and its 200 day moving average is $39.86. The stock has a market capitalization of $2.87 billion, a P/E ratio of 64.38 and a beta of 0.45.

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 for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.35. The business 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%. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. On average, equities analysts anticipate that Education Realty Trust Inc. will post $0.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.97%. This is a boost from Education Realty Trust’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, July 27th. Education Realty Trust’s dividend payout ratio is 249.18%.

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Several equities research analysts recently commented on the stock. 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. BidaskClub lowered shares of Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. Canaccord Genuity lowered shares of Education Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $46.00 to $43.00 in a research note on Monday, April 10th. Finally, Bank of America Corporation lowered shares of Education Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.13.

In other Education Realty Trust news, Director Kimberly Schaefer bought 1,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $37.63 per share, with a total value of $37,630.00. Following the completion of the acquisition, the director now owns 5,909 shares of the company’s stock, valued at $222,355.67. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for Education Realty Trust (NYSE:EDR)

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