Education Realty Trust Inc. (NYSE:EDR) Director John T. Thomas bought 800 shares of Education Realty Trust stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average price of $37.51 per share, with a total value of $30,008.00. Following the purchase, the director now owns 3,299 shares in the company, valued at $123,745.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Education Realty Trust Inc. (EDR) traded up 0.37% during midday trading on Friday, reaching $37.68. 337,202 shares of the company’s stock traded hands. Education Realty Trust Inc. has a one year low of $36.98 and a one year high of $48.26. The stock’s 50 day moving average price is $38.98 and its 200-day moving average price is $39.65. The stock has a market cap of $2.76 billion, a PE ratio of 87.63 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The company had revenue of $74.04 million during the quarter, compared to the consensus estimate of $69.40 million. During the same period last year, the company earned $0.39 EPS. Education Realty Trust’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts predict that Education Realty Trust Inc. will post $0.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.14%. This is an increase 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 (DPR) is presently 371.44%.

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Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Education Realty Trust by 6,848.8% in the first quarter. BlackRock Inc. now owns 9,549,792 shares of the real estate investment trust’s stock valued at $390,108,000 after buying an additional 9,412,361 shares during the last quarter. Channing Capital Management LLC acquired a new stake in Education Realty Trust during the second quarter valued at approximately $44,943,000. Bank of New York Mellon Corp increased its stake in Education Realty Trust by 27.2% in the first quarter. Bank of New York Mellon Corp now owns 2,828,545 shares of the real estate investment trust’s stock valued at $115,545,000 after buying an additional 604,412 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Education Realty Trust by 119.6% in the first quarter. Nuveen Asset Management LLC now owns 932,855 shares of the real estate investment trust’s stock valued at $38,107,000 after buying an additional 508,153 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new stake in Education Realty Trust during the second quarter valued at approximately $17,991,000.

Several research firms have recently issued reports on EDR. Royal Bank Of Canada reiterated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. TheStreet downgraded shares of Education Realty Trust from a “b” rating to a “c+” rating in a report on Monday, July 31st. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a report on Thursday, June 22nd. Bank of America Corporation downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating in a report on Friday, June 30th. Finally, BidaskClub raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $45.63.

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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