27,044 Shares in Education Realty Trust Inc. (EDR) Acquired by Susquehanna International Group LLP

Susquehanna International Group LLP acquired a new position in shares of Education Realty Trust Inc. (NYSE:EDR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,044 shares of the real estate investment trust’s stock, valued at approximately $1,048,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of Education Realty Trust by 10.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Education Realty Trust by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 477 shares in the last quarter. GAM Holding AG boosted its stake 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 worth $246,000 after acquiring an additional 300 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake 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 worth $247,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Education Realty Trust by 87.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 3,158 shares in the last quarter.

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

Several brokerages have recently commented on EDR. BidaskClub raised Education Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 target price (down previously from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. FBR & Co reaffirmed a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. 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, Citigroup Inc. cut 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 report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $42.63.

Shares of Education Realty Trust Inc. (NYSE:EDR) traded up 0.30% during mid-day trading on Friday, hitting $37.12. The stock had a trading volume of 109,411 shares. The stock’s 50-day moving average price is $37.91 and its 200-day moving average price is $38.63. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 86.33 and a beta of 0.45. Education Realty Trust Inc. has a 12-month low of $35.57 and a 12-month high of $43.16.

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 Zacks’ consensus estimate of $0.42. The firm had revenue of $74.04 million during the quarter, compared to analyst estimates of $69.40 million. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. On average, equities analysts anticipate that Education Realty Trust Inc. will post $0.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.22%. Education Realty Trust’s payout ratio is presently 371.44%.

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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