Palisade Capital Management LLC NJ increased its position in shares of Education Realty Trust Inc. (NYSE:EDR) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 565,069 shares of the real estate investment trust’s stock after buying an additional 13,634 shares during the period. Palisade Capital Management LLC NJ owned 0.77% of Education Realty Trust worth $21,896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Education Realty Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 11,605,728 shares of the real estate investment trust’s stock worth $474,095,000 after buying an additional 294,760 shares in the last quarter. Keybank National Association OH raised its position in Education Realty Trust by 4.1% in the first quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 235 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in Education Realty Trust by 16.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,640 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 2,895 shares in the last quarter. American International Group Inc. raised its position in Education Realty Trust by 6.5% in the first quarter. American International Group Inc. now owns 188,609 shares of the real estate investment trust’s stock worth $7,705,000 after buying an additional 11,558 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in Education Realty Trust by 2.8% in the first quarter. Macquarie Group Ltd. now owns 928,393 shares of the real estate investment trust’s stock worth $37,925,000 after buying an additional 25,670 shares in the last quarter.

Education Realty Trust Inc. (EDR) opened at 37.68 on Monday. The firm has a 50-day moving average of $38.98 and a 200 day moving average of $39.65. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 87.63 and a beta of 0.44. Education Realty Trust Inc. has a 52-week low of $36.98 and a 52-week high of $47.57.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The business had revenue of $74.04 million during the quarter, compared to the consensus estimate of $69.40 million. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. Education Realty Trust’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. On average, equities research analysts forecast that Education Realty Trust Inc. will post $0.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.14%. This is an increase from Education Realty Trust’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, July 27th. Education Realty Trust’s payout ratio is 371.44%.

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EDR has been the topic of a number of research analyst reports. Citigroup Inc. lowered shares of Education Realty Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $41.00 in a research note on Thursday, June 29th. Evercore ISI lowered their price objective 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. Canaccord Genuity lowered their price objective 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. BidaskClub upgraded shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research lowered shares of Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $45.63.

In other Education Realty Trust news, Director John T. Thomas purchased 800 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average cost of $37.51 per share, with a total value of $30,008.00. Following the completion of the purchase, the director now directly owns 3,299 shares in the company, valued at approximately $123,745.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimberly Schaefer purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $37.63 per share, with a total value of $37,630.00. Following the completion of the purchase, the director now owns 5,909 shares of the company’s stock, valued at $222,355.67. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,800 shares of company stock valued at $105,138. 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.

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

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