Anchor Capital Advisors LLC raised its position in shares of Education Realty Trust Inc. (NYSE:EDR) by 19.3% during the second quarter, Holdings Channel reports. The firm owned 7,410 shares of the real estate investment trust’s stock after buying an additional 1,200 shares during the period. Anchor Capital Advisors LLC’s holdings in Education Realty Trust were worth $287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Education Realty Trust by 10.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 246 shares during the last quarter. 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 worth $181,000 after buying an additional 470 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new position in shares of Education Realty Trust during the first quarter worth $213,000. Keybank National Association OH raised its position in shares of 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 during the last quarter. 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 worth $257,000 after buying an additional 1,285 shares during the last quarter.

Shares of Education Realty Trust Inc. (NYSE EDR) opened at 37.51 on Tuesday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 87.23 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. The firm’s 50-day moving average price is $38.98 and its 200-day moving average price is $39.65.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a $0.39 dividend. This is an increase from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Thursday, July 27th. Education Realty Trust’s payout ratio is presently 371.44%.

COPYRIGHT VIOLATION WARNING: “Education Realty Trust Inc. (NYSE:EDR) Position Increased by Anchor Capital Advisors LLC” was posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/08/education-realty-trust-inc-nyseedr-position-increased-by-anchor-capital-advisors-llc.html.

A number of research analysts have weighed in on the company. JMP Securities lowered Education Realty Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 19th. They noted that the move was a valuation call. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. Citigroup Inc. downgraded Education Realty Trust from a “buy” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $41.00 in a research report on Thursday, June 29th. Canaccord Genuity downgraded Education Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $46.00 to $43.00 in a research report on Monday, April 10th. Finally, BidaskClub raised Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, seven have assigned 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 $45.63.

In other news, VP Edwin B. Brewer, Jr. acquired 1,000 shares of Education Realty Trust stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $37.50 per share, with a total value of $37,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Thomas acquired 800 shares of Education Realty Trust stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $37.51 per share, for a total transaction of $30,008.00. Following the acquisition, the director now owns 3,299 shares in the company, valued at approximately $123,745.49. The disclosure for this purchase can be found here. Insiders bought a total of 2,800 shares of company stock worth $105,138 over the last three months. 0.50% of the stock is owned by company 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.

Want to see what other hedge funds are holding EDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Education Realty Trust Inc. (NYSE:EDR).

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

Receive News & Ratings for Education Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.