Texas Permanent School Fund boosted its position in shares of Education Realty Trust Inc. (NYSE:EDR) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 53,431 shares of the real estate investment trust’s stock after buying an additional 466 shares during the period. Texas Permanent School Fund’s holdings in Education Realty Trust were worth $2,070,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EDR. PNC Financial Services Group Inc. boosted 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 period. Dubuque Bank & Trust Co. purchased a new position in shares of Education Realty Trust during the first quarter worth approximately $213,000. Keybank National Association OH boosted 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 period. Finally, Anchor Capital Advisors LLC boosted its position 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 worth $254,000 after buying an additional 150 shares during the period.

Education Realty Trust Inc. (NYSE EDR) opened at 37.62 on Friday. Education Realty Trust Inc. has a 52 week low of $36.98 and a 52 week high of $47.18. The stock has a market cap of $2.75 billion, a PE ratio of 87.49 and a beta of 0.44. The stock has a 50 day moving average price of $38.53 and a 200 day moving average price of $39.45.

Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $69.40 million. During the same quarter last year, the business posted $0.39 EPS. Education Realty Trust’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities analysts predict that Education Realty Trust Inc. will post $0.53 earnings per share for the current year.

The company 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 yield of 4.15%. The ex-dividend date of this dividend is Thursday, July 27th. This is an increase from Education Realty Trust’s previous quarterly dividend of $0.38. Education Realty Trust’s dividend payout ratio (DPR) is currently 371.44%.

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A number of brokerages recently commented on EDR. Royal Bank Of Canada restated a “buy” rating on shares of Education Realty Trust in a report on Wednesday, May 3rd. TheStreet cut Education Realty Trust from a “b” rating to a “c+” rating in a report on Monday, July 31st. FBR & Co restated a “buy” rating on shares of Education Realty Trust in a report on Thursday, June 22nd. Bank of America Corporation cut Education Realty Trust from a “buy” rating to a “neutral” rating in a report on Friday, June 30th. Finally, BidaskClub upgraded 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 five have assigned a buy rating to the company. Education Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $45.22.

In related news, Director John T. Thomas purchased 800 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $37.51 per share, for a total transaction of $30,008.00. Following the transaction, the director now owns 3,299 shares of the company’s stock, valued at $123,745.49. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimberly Schaefer purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $37.63 per share, for a total transaction of $37,630.00. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at approximately $222,355.67. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 2,800 shares of company stock worth $105,138. 0.50% of the stock is currently owned by company 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.

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

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