Assetmark Inc. increased its holdings in Education Realty Trust Inc. (NYSE:EDR) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,420 shares of the real estate investment trust’s stock after acquiring an additional 19,187 shares during the quarter. Assetmark Inc. owned about 0.29% of Education Realty Trust worth $8,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of EDR. PNC Financial Services Group Inc. increased its stake in shares of Education Realty Trust by 10.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Education Realty Trust by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 477 shares in the last quarter. GAM Holding AG increased its stake in shares of Education Realty Trust by 5.0% in the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 300 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in shares of Education Realty Trust by 22.5% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of Education Realty Trust by 87.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 3,158 shares in the last quarter.

EDR has been the subject of several research reports. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 price target (down from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $42.00 in a research note on Thursday, August 10th. BidaskClub upgraded shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Citigroup Inc. lowered shares of Education Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $41.00 in a research note on Thursday, June 29th. Finally, KeyCorp reiterated a “buy” rating and issued a $47.00 price target on shares of Education Realty Trust in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Education Realty Trust has a consensus rating of “Hold” and a consensus target price of $42.63.

In related news, Director Wendell W. Weakley acquired 750 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average price of $38.65 per share, for a total transaction of $28,987.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Thomas acquired 800 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the acquisition, the director now owns 3,299 shares of the company’s stock, valued at $123,745.49. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,550 shares of company stock valued at $96,496. Insiders own 0.50% of the company’s stock.

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Education Realty Trust Inc. (NYSE EDR) traded up 0.25% during mid-day trading on Tuesday, reaching $36.60. 58,661 shares of the company’s stock were exchanged. The company’s 50-day moving average is $38.07 and its 200 day moving average is $38.69. The firm has a market capitalization of $2.68 billion, a P/E ratio of 85.12 and a beta of 0.45. Education Realty Trust Inc. has a one year low of $35.57 and a one year high of $43.16.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings results 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. The business had revenue of $74.04 million during 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%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. Equities analysts predict that Education Realty Trust Inc. will post $0.51 earnings per share for the current fiscal year.

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.

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

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