Education Realty Trust Inc. (EDR) Position Cut by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC trimmed its holdings in Education Realty Trust Inc. (NYSE:EDR) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,406 shares of the real estate investment trust’s stock after selling 1,201 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Education Realty Trust were worth $526,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EDR. PNC Financial Services Group Inc. lifted its position in Education Realty Trust by 10.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Education Realty Trust by 11.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,440 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 470 shares during the last quarter. Keybank National Association OH lifted its position in shares of Education Realty Trust by 4.1% during the 1st 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. GAM Holding AG lifted its position in shares of Education Realty Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 300 shares during the last quarter. Finally, Dubuque Bank & Trust Co. lifted its position in shares of Education Realty Trust by 22.5% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 1,173 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: “Education Realty Trust Inc. (EDR) Position Cut by Northwestern Mutual Investment Management Company LLC” was first published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/09/13/education-realty-trust-inc-edr-position-cut-by-northwestern-mutual-investment-management-company-llc.html.

EDR has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) upgraded Education Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $40.00 to $42.00 in a research report on Thursday, August 10th. BidaskClub raised shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Citigroup Inc. downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $44.00 to $41.00 in a research note on Thursday, June 29th. KeyCorp reissued 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 downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $47.00 to $40.00 in a research note on Monday, July 31st. Three research 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 stock currently has a consensus rating of “Hold” and an average target price of $44.67.

Education Realty Trust Inc. (NYSE EDR) opened at 39.05 on Wednesday. Education Realty Trust Inc. has a 1-year low of $36.98 and a 1-year high of $45.03. The stock has a 50 day moving average of $38.34 and a 200-day moving average of $39.11. The firm has a market capitalization of $2.86 billion, a P/E ratio of 90.81 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $74.04 million for the quarter, compared to analysts’ expectations of $69.40 million. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. On average, equities research analysts anticipate that Education Realty Trust Inc. will post $0.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.39 dividend. This is a boost from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.99%. The ex-dividend date was Thursday, July 27th. Education Realty Trust’s payout ratio is currently 371.44%.

In related news, VP Edwin B. Brewer, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $37.50 per share, with a total value of $37,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Thomas acquired 800 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average cost of $37.51 per share, for a total transaction of $30,008.00. Following the completion of the transaction, the director now directly owns 3,299 shares in the company, valued at approximately $123,745.49. The disclosure for this purchase can be found here. Insiders purchased a total of 2,550 shares of company stock worth $96,496 over the last ninety days. 0.50% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding EDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Education Realty Trust Inc. (NYSE:EDR).

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

Receive News & Ratings for Education Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply