State of Wisconsin Investment Board increased its position in shares of Education Realty Trust Inc. (NYSE:EDR) by 21.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,000 shares of the real estate investment trust’s stock after acquiring an additional 29,000 shares during the quarter. State of Wisconsin Investment Board owned 0.22% of Education Realty Trust worth $5,893,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Education Realty Trust by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 477 shares during the period. GAM Holding AG raised its holdings in shares of 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 during the period. Dubuque Bank & Trust Co. raised its holdings in shares of Education Realty Trust by 22.5% during the second quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 1,173 shares during the period. Finally, Riverhead Capital Management LLC raised its holdings in shares of Education Realty Trust by 87.7% during the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 3,158 shares during the period.

In other Education Realty Trust news, Chairman Randy L. Churchey bought 20,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was bought at an average cost of $35.01 per share, with a total value of $700,200.00. Following the completion of the transaction, the chairman now directly owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased at an average cost of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. Insiders acquired 25,750 shares of company stock valued at $904,238 over the last three months. Insiders own 0.50% of the company’s stock.

Shares of Education Realty Trust Inc. (NYSE EDR) opened at $36.01 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $2,727.86, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 3.16 and a beta of 0.43. Education Realty Trust Inc. has a 1 year low of $34.67 and a 1 year high of $42.80.

Education Realty Trust (NYSE:EDR) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.31). The business had revenue of $75.36 million during the quarter, compared to the consensus estimate of $69.22 million. Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. sell-side analysts predict that Education Realty Trust Inc. will post 1.9 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Monday, October 30th. Education Realty Trust’s dividend payout ratio is 339.14%.

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A number of research analysts recently commented on the stock. TheStreet downgraded shares of Education Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Robert W. Baird set a $38.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a research report on Tuesday, October 31st. BidaskClub raised shares of Education Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Sandler O’Neill downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $47.00 to $40.00 in a research report on Monday, July 31st. Finally, KeyCorp reaffirmed a “buy” rating and set a $47.00 price objective on shares of Education Realty Trust in a research report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Education Realty Trust currently has a consensus rating of “Hold” and an average target price of $41.60.

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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