Education Realty Trust, Inc. (EDR) Shares Bought by ING Groep NV

ING Groep NV increased its holdings in Education Realty Trust, Inc. (NYSE:EDR) by 27.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,430 shares of the real estate investment trust’s stock after purchasing an additional 2,466 shares during the quarter. ING Groep NV’s holdings in Education Realty Trust were worth $399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of Education Realty Trust in the 3rd quarter worth approximately $792,000. New York State Common Retirement Fund raised its holdings in shares of Education Realty Trust by 11.8% in the 3rd quarter. New York State Common Retirement Fund now owns 137,678 shares of the real estate investment trust’s stock worth $4,947,000 after purchasing an additional 14,484 shares in the last quarter. Palisade Capital Management LLC NJ raised its holdings in shares of Education Realty Trust by 8.2% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 611,682 shares of the real estate investment trust’s stock worth $21,978,000 after purchasing an additional 46,613 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Education Realty Trust by 6.4% in the 3rd quarter. California Public Employees Retirement System now owns 115,469 shares of the real estate investment trust’s stock worth $4,149,000 after purchasing an additional 6,936 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Education Realty Trust by 32.8% in the 3rd quarter. Comerica Bank now owns 177,944 shares of the real estate investment trust’s stock worth $6,253,000 after purchasing an additional 43,990 shares in the last quarter.

Shares of Education Realty Trust, Inc. (NYSE:EDR) opened at $32.02 on Monday. Education Realty Trust, Inc. has a 1-year low of $30.07 and a 1-year high of $42.44. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2,425.61, a P/E ratio of 16.85, a PEG ratio of 3.04 and a beta of 0.38.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.87%. Education Realty Trust’s dividend payout ratio is currently 339.14%.

A number of analysts recently commented on the stock. Robert W. Baird set a $38.00 target price on shares of 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 target price on shares of Education Realty Trust in a report on Monday, October 30th. Royal Bank of Canada dropped their target price on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. JPMorgan Chase & Co. downgraded shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Finally, KeyCorp reiterated a “buy” rating and issued a $40.00 target price on shares of Education Realty Trust in a report on Thursday, December 21st. Three investment 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’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.90.

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About Education Realty Trust

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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