ING Groep NV acquired a new position in Education Realty Trust Inc. (NYSE:EDR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,904 shares of the real estate investment trust’s stock, valued at approximately $345,000.

Several other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 period. Dubuque Bank & Trust Co. bought a new position in Education Realty Trust during the first quarter worth about $213,000. Keybank National Association OH boosted 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 during the period. Finally, Anchor Capital Advisors LLC boosted its position in 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 worth $254,000 after buying an additional 150 shares during the period.

Shares of Education Realty Trust Inc. (EDR) traded down 0.03% during trading on Wednesday, reaching $37.79. 178,709 shares of the company were exchanged. Education Realty Trust Inc. has a 1-year low of $36.98 and a 1-year high of $47.38. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 87.88 and a beta of 0.44. The stock’s 50 day moving average is $38.83 and its 200 day moving average is $39.61.

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, meeting the Thomson Reuters’ consensus estimate of $0.42. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The business had revenue of $74.04 million during the quarter, compared to analyst estimates of $69.40 million. During the same quarter last year, the business earned $0.39 earnings per share. Education Realty Trust’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities analysts anticipate 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. Shareholders of record on Monday, July 31st will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.56 annualized dividend and a yield of 4.13%. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.38. Education Realty Trust’s dividend payout ratio (DPR) is 371.44%.

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EDR has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Education Realty Trust in a research report on Wednesday, May 3rd. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. BidaskClub raised shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. TheStreet cut shares of Education Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Finally, Canaccord Genuity cut 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 report on Tuesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.63.

In other news, VP Edwin B. Brewer, Jr. bought 1,000 shares of Education Realty Trust stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $37.50 per share, with a total value of $37,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 cost of $37.51 per share, for a total transaction of $30,008.00. Following the purchase, the director now owns 3,299 shares of the company’s stock, valued at approximately $123,745.49. The disclosure for this purchase can be found here. Insiders have acquired 2,800 shares of company stock valued at $105,138 in the last quarter. 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.

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

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