Education Realty Trust, Inc. (NYSE:EDR) VP Lindsey Mackie purchased 420 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average price of $31.20 per share, with a total value of $13,104.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Education Realty Trust, Inc. (NYSE:EDR) remained flat at $$32.58 during trading hours on Wednesday. The company had a trading volume of 278,201 shares, compared to its average volume of 536,600. The company has a market cap of $2,466.69, a P/E ratio of 55.22, a P/E/G ratio of 3.27 and a beta of 0.42. Education Realty Trust, Inc. has a twelve month low of $30.07 and a twelve month high of $41.79. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.51.
Education Realty Trust (NYSE:EDR) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $95.87 million during the quarter, compared to the consensus estimate of $87.56 million. Education Realty Trust had a net margin of 14.33% and a return on equity of 2.62%. Education Realty Trust’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. equities research analysts forecast that Education Realty Trust, Inc. will post 1.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Tuesday, January 30th. Education Realty Trust’s payout ratio is presently 264.41%.
EDR has been the subject of a number of research reports. B. Riley set a $44.00 price target on Education Realty Trust and gave the company a “buy” rating in a report on Tuesday, January 2nd. KeyCorp reiterated a “buy” rating and issued a $40.00 price target on shares of Education Realty Trust in a report on Thursday, December 21st. Robert W. Baird set a $36.00 price target on Education Realty Trust and gave the company a “buy” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lowered Education Realty Trust from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $34.00 price target on shares of Education Realty Trust in a report on Monday, February 26th. Three 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. The company has an average rating of “Hold” and a consensus price target of $40.10.
Several hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Education Realty Trust during the fourth quarter worth $240,000. William Blair Investment Management LLC increased its position in shares of Education Realty Trust by 26.5% during the fourth quarter. William Blair Investment Management LLC now owns 726,594 shares of the real estate investment trust’s stock worth $25,373,000 after purchasing an additional 151,998 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Education Realty Trust during the fourth quarter worth $2,910,000. Jane Street Group LLC acquired a new position in shares of Education Realty Trust during the fourth quarter worth $535,000. Finally, Millennium Management LLC increased its position in shares of Education Realty Trust by 46.1% during the fourth quarter. Millennium Management LLC now owns 233,579 shares of the real estate investment trust’s stock worth $8,157,000 after purchasing an additional 73,694 shares in the last quarter.
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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