Today, Virginia Retirement Systems ET AL Sold shares of Education Realty Trust Inc. (EDR)

Today, Virginia Retirement Systems ET AL Sold shares of Education Realty Trust Inc. (EDR)

Virginia Retirement Systems ET AL lowered its position in shares of Education Realty Trust Inc. (NYSE:EDR) by 91.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,200 shares of the real estate investment trust’s stock after selling 89,000 shares during the period. Virginia Retirement Systems ET AL’s holdings in Education Realty Trust were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Shinko Asset Management Co. Ltd. boosted its position in shares of Education Realty Trust by 4.2% in the third quarter. Shinko Asset Management Co. Ltd. now owns 2,500 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 100 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Education Realty Trust during the second quarter worth approximately $130,000. BlackRock Japan Co. Ltd boosted its position in shares of Education Realty Trust by 3.0% in the second quarter. BlackRock Japan Co. Ltd now owns 3,370 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 97 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Education Realty Trust by 7.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 238 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of Education Realty Trust by 84.7% in the second quarter. LS Investment Advisors LLC now owns 3,997 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,833 shares during the period.

Education Realty Trust Inc. (NYSE:EDR) traded up 1.73% during midday trading on Friday, reaching $40.49. The company had a trading volume of 667,880 shares. The firm has a market capitalization of $2.96 billion, a PE ratio of 57.68 and a beta of 0.43. The firm’s 50-day moving average price is $41.09 and its 200 day moving average price is $43.68. Education Realty Trust Inc. has a 12 month low of $34.76 and a 12 month high of $48.87.

Education Realty Trust (NYSE:EDR) last announced its quarterly earnings results on Monday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $66.23 million for the quarter, compared to analyst estimates of $62.09 million. Education Realty Trust had a return on equity of 2.86% and a net margin of 16.26%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Equities analysts anticipate that Education Realty Trust Inc. will post $1.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $1.52 annualized dividend and a yield of 3.75%. Education Realty Trust’s dividend payout ratio is presently 205.41%.

Several equities analysts have recently issued reports on EDR shares. Zacks Investment Research cut Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 10th. Bank of America Corp. upgraded Education Realty Trust from a “neutral” rating to a “buy” rating in a research note on Wednesday. Canaccord Genuity decreased their price objective on Education Realty Trust from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, October 3rd. Hilliard Lyons upgraded Education Realty Trust from an “underperform” rating to a “neutral” rating in a research note on Thursday, November 17th. Finally, Capital One Financial Corp. started coverage on Education Realty Trust in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $54.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Education Realty Trust presently has a consensus rating of “Buy” and a consensus target price of $47.75.

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.

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