Uniplan Investment Counsel Inc. Trims Position in Education Realty Trust Inc. (EDR)

Uniplan Investment Counsel Inc. lessened its position in shares of Education Realty Trust Inc. (NYSE:EDR) by 41.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 545,361 shares of the real estate investment trust’s stock after selling 389,488 shares during the quarter. Education Realty Trust accounts for 1.6% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 23rd biggest holding. Uniplan Investment Counsel Inc. owned 0.75% of Education Realty Trust worth $36,745,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Education Realty Trust by 2.6% during the first quarter. Vanguard Group Inc. now owns 11,605,728 shares of the real estate investment trust’s stock valued at $474,095,000 after acquiring an additional 294,760 shares during the last quarter. Keybank National Association OH increased its position in Education Realty Trust by 4.1% during the first quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 235 shares during the last quarter. American International Group Inc. increased its position in Education Realty Trust by 6.5% during the first quarter. American International Group Inc. now owns 188,609 shares of the real estate investment trust’s stock valued at $7,705,000 after acquiring an additional 11,558 shares during the last quarter. Macquarie Group Ltd. increased its position in Education Realty Trust by 2.8% during the first quarter. Macquarie Group Ltd. now owns 928,393 shares of the real estate investment trust’s stock valued at $37,925,000 after acquiring an additional 25,670 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Education Realty Trust by 3.2% during the second quarter. Louisiana State Employees Retirement System now owns 19,100 shares of the real estate investment trust’s stock valued at $740,000 after acquiring an additional 600 shares during the last quarter.

In other Education Realty Trust news, VP Edwin B. Brewer, Jr. purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $37.50 per share, for a total transaction of $37,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wendell W. Weakley purchased 750 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $38.65 per share, with a total value of $28,987.50. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 2,550 shares of company stock valued at $96,496. 0.50% of the stock is owned by company insiders.

A number of analysts recently commented on EDR shares. BidaskClub upgraded Education Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. FBR & Co reiterated a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. Citigroup Inc. cut Education Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $41.00 in a research report on Thursday, June 29th. Bank of America Corporation cut Education Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Finally, Sandler O’Neill cut Education Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $47.00 to $40.00 in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $44.67.

Shares of Education Realty Trust Inc. (EDR) traded up 0.23% during mid-day trading on Monday, reaching $39.62. The company’s stock had a trading volume of 154,443 shares. The firm’s 50-day moving average price is $38.29 and its 200 day moving average price is $39.12. Education Realty Trust Inc. has a 12-month low of $36.98 and a 12-month high of $45.03. The firm has a market cap of $2.90 billion, a P/E ratio of 92.14 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $74.04 million during the quarter, compared to analyst estimates of $69.40 million. Education Realty Trust had a return on equity of 1.83% and a net margin of 10.58%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, analysts expect that Education Realty Trust Inc. will post $0.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.95%. This is a positive change from Education Realty Trust’s previous quarterly dividend of $0.38. Education Realty Trust’s dividend payout ratio (DPR) is presently 371.44%.

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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.

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

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