Laurion Capital Management LP Invests $916,000 in Education Realty Trust Inc. (EDR)

Laurion Capital Management LP acquired a new position in Education Realty Trust Inc. (NYSE:EDR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,650 shares of the real estate investment trust’s stock, valued at approximately $916,000.

Several other large investors have also modified their holdings of EDR. BlackRock Inc. raised its stake in Education Realty Trust by 6,848.8% during the 1st quarter. BlackRock Inc. now owns 9,549,792 shares of the real estate investment trust’s stock worth $390,108,000 after acquiring an additional 9,412,361 shares during the period. Channing Capital Management LLC bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $44,943,000. Nuveen Asset Management LLC raised its stake in Education Realty Trust by 119.6% during the 1st quarter. Nuveen Asset Management LLC now owns 932,855 shares of the real estate investment trust’s stock worth $38,107,000 after acquiring an additional 508,153 shares during the period. Deprince Race & Zollo Inc. bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $17,991,000. Finally, Denver Investment Advisors LLC bought a new stake in Education Realty Trust during the 2nd quarter worth approximately $15,764,000.

In other Education Realty Trust news, VP Edwin B. Brewer, Jr. bought 1,000 shares of Education Realty Trust stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $37.50 per share, with a total value of $37,500.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wendell W. Weakley bought 750 shares of Education Realty Trust stock in a transaction dated Wednesday, August 23rd. The shares were acquired 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. Over the last ninety days, insiders have bought 2,550 shares of company stock valued at $96,496. Corporate insiders own 0.50% of the company’s stock.

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Shares of Education Realty Trust Inc. (NYSE:EDR) opened at 38.05 on Monday. Education Realty Trust Inc. has a one year low of $36.98 and a one year high of $45.03. The firm’s 50-day moving average is $38.47 and its 200-day moving average is $38.99. The stock 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 (NYSE:EDR) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $74.04 million during the quarter, compared to the consensus estimate of $69.40 million. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. Equities research analysts forecast that Education Realty Trust Inc. will post $0.53 EPS for the current year.

A number of equities research analysts have commented on EDR shares. Goldman Sachs Group, Inc. (The) upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating and raised their target price 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. cut shares of Education Realty Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $44.00 to $41.00 in a research note on Thursday, June 29th. KeyCorp restated a “buy” rating and set a $47.00 target price on shares of Education Realty Trust in a research note on Wednesday, September 6th. Finally, Sandler O’Neill cut shares of Education Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $47.00 to $40.00 in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.00.

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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