Citadel Advisors LLC boosted its holdings in Education Realty Trust Inc. (NYSE:EDR) by 38.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,490 shares of the real estate investment trust’s stock after acquiring an additional 32,690 shares during the quarter. Citadel Advisors LLC owned 0.16% of Education Realty Trust worth $4,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EDR. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 during the last quarter. GAM Holding AG increased its stake in 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 during the last quarter. Riverhead Capital Management LLC increased its stake in 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 during the last quarter. LS Investment Advisors LLC increased its stake in Education Realty Trust by 14.0% in the 2nd quarter. LS Investment Advisors LLC now owns 7,161 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 880 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its stake in Education Realty Trust by 19.3% in the 2nd quarter. Anchor Capital Advisors LLC now owns 7,410 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 1,200 shares during the last quarter.

EDR has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, November 1st. Robert W. Baird set a $38.00 price objective on Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, October 31st. FBR & Co reiterated a “buy” rating and issued a $44.00 price objective on shares of Education Realty Trust in a report on Monday, October 30th. KeyCorp reiterated a “buy” rating and issued a $47.00 price objective on shares of Education Realty Trust in a report on Wednesday, September 6th. Finally, Goldman Sachs Group upgraded Education Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $42.00 in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Education Realty Trust has an average rating of “Hold” and a consensus target price of $41.60.

In related news, Chairman Randy L. Churchey bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average cost of $35.01 per share, for a total transaction of $700,200.00. Following the acquisition, the chairman now directly owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edwin B. Brewer, Jr. bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average price of $35.01 per share, with a total value of $175,050.00. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

Education Realty Trust Inc. (EDR) traded down $0.15 on Friday, hitting $36.57. The stock had a trading volume of 886,400 shares, compared to its average volume of 504,922. Education Realty Trust Inc. has a 1 year low of $34.67 and a 1 year high of $42.80. 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 stock has a market cap of $2,770.00, a PE ratio of 19.32, a P/E/G ratio of 3.22 and a beta of 0.42.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.31). Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The firm had revenue of $75.36 million during the quarter, compared to analysts’ expectations of $69.22 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. Education Realty Trust’s revenue for the quarter was up 13.8% compared to the same quarter last year. research analysts expect that Education Realty Trust Inc. will post 1.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Monday, October 30th. Education Realty Trust’s payout ratio is currently 339.13%.

WARNING: This report was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/12/01/education-realty-trust-inc-edr-shares-bought-by-citadel-advisors-llc.html.

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.

Want to see what other hedge funds are holding EDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Education Realty Trust Inc. (NYSE:EDR).

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

Receive News & Ratings for Education Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.