Sei Investments Co. cut its position in Education Realty Trust Inc. (NYSE:EDR) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 203,138 shares of the real estate investment trust’s stock after selling 1,700 shares during the period. Sei Investments Co.’s holdings in Education Realty Trust were worth $7,872,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in Education Realty Trust by 1.3% in the second quarter. Capstone Asset Management Co. now owns 8,560 shares of the real estate investment trust’s stock worth $332,000 after buying an additional 110 shares during the period. Anchor Capital Advisors LLC increased 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. US Bancorp DE increased its position in Education Realty Trust by 0.4% in the first quarter. US Bancorp DE now owns 47,249 shares of the real estate investment trust’s stock worth $1,930,000 after buying an additional 168 shares during the period. 1st Global Advisors Inc. increased its position in Education Realty Trust by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 12,143 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 180 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Education Realty Trust by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,634 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 230 shares during the period.

Shares of Education Realty Trust Inc. (NYSE EDR) opened at 37.62 on Friday. Education Realty Trust Inc. has a 12-month low of $36.98 and a 12-month high of $47.18. The company has a market capitalization of $2.75 billion, a PE ratio of 87.49 and a beta of 0.44. The firm’s 50-day moving average is $38.53 and its 200-day moving average is $39.45.

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, hitting 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 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 business earned $0.39 EPS. On average, equities research analysts anticipate that Education Realty Trust Inc. will post $0.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, July 27th. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 4.15%. Education Realty Trust’s payout ratio is currently 371.44%.

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A number of research firms have recently weighed in on EDR. JMP Securities downgraded shares of Education Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. They noted that the move was a valuation call. BidaskClub raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. 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. Finally, Bank of America Corporation downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.22.

In other news, VP Edwin B. Brewer, Jr. acquired 1,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $37.50 per share, for a total transaction of $37,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Thomas acquired 800 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the completion of the purchase, the director now directly owns 3,299 shares in the company, valued at $123,745.49. The disclosure for this purchase can be found here. Insiders have bought a total of 2,800 shares of company stock worth $105,138 over the last 90 days. 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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