Tiaa Fsb purchased a new stake in shares of Education Realty Trust Inc. (NYSE:EDR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,432 shares of the real estate investment trust’s stock, valued at approximately $520,000.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in Education Realty Trust by 10.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Education Realty Trust by 11.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,440 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 470 shares in the last quarter. Keybank National Association OH raised its position in Education Realty Trust by 4.1% during the first quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 235 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Education Realty Trust by 2.5% during the first quarter. Anchor Capital Advisors LLC now owns 6,210 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 150 shares in the last quarter. Finally, GAM Holding AG raised its position in Education Realty Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 300 shares in the last quarter.

Several research analysts recently weighed in on EDR shares. BidaskClub upgraded Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. FBR & Co reiterated a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. Citigroup Inc. cut Education Realty Trust from a “buy” rating to a “neutral” rating and reduced their price target for the company from $44.00 to $41.00 in a research report on Thursday, June 29th. Bank of America Corporation cut Education Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Finally, Sandler O’Neill cut Education Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $47.00 to $40.00 in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.00.

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Shares of Education Realty Trust Inc. (EDR) opened at 38.05 on Monday. The firm has a 50-day moving average price of $38.47 and a 200 day moving average price of $38.99. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 88.49 and a beta of 0.44. Education Realty Trust Inc. has a one year low of $36.98 and a one year high of $45.03.

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. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The firm had revenue of $74.04 million during the quarter, compared to the consensus estimate of $69.40 million. During the same period last year, the business posted $0.39 EPS. Education Realty Trust’s quarterly revenue was up 13.7% on a year-over-year basis. Equities analysts forecast that Education Realty Trust Inc. will post $0.53 earnings per share for the current fiscal year.

In other news, VP Edwin B. Brewer, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of $37.50 per share, with a total value of $37,500.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Wendell W. Weakley acquired 750 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of $38.65 per share, with a total value of $28,987.50. The disclosure for this purchase can be found here. Insiders purchased a total of 2,550 shares of company stock valued at $96,496 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Education Realty Trust 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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