Emerald Advisers Inc. PA Has $21,304,000 Stake in Education Realty Trust Inc. (EDR)
Emerald Advisers Inc. PA boosted its position in Education Realty Trust Inc. (NYSE:EDR) by 21.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 461,725 shares of the real estate investment trust’s stock after buying an additional 80,760 shares during the period. Education Realty Trust makes up 1.0% of Emerald Advisers Inc. PA’s portfolio, making the stock its 20th largest position. Emerald Advisers Inc. PA owned about 0.70% of Education Realty Trust worth $21,304,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Japan Co. Ltd increased its position in shares of Education Realty Trust by 13.1% in the first quarter. BlackRock Japan Co. Ltd now owns 3,273 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 379 shares during the period. LS Investment Advisors LLC increased its position in shares of Education Realty Trust by 84.7% in the second quarter. LS Investment Advisors LLC now owns 3,997 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,833 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Education Realty Trust during the second quarter worth $268,000. Nisa Investment Advisors L.L.C. purchased a new position in shares of Education Realty Trust during the first quarter worth $416,000. Finally, 1st Global Advisors Inc. increased its position in shares of Education Realty Trust by 20.5% in the second quarter. 1st Global Advisors Inc. now owns 10,925 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 1,860 shares during the period.
Shares of Education Realty Trust Inc. (NYSE:EDR) traded down 2.31% during mid-day trading on Tuesday, reaching $40.98. 386,929 shares of the company traded hands. The stock’s 50-day moving average is $44.56 and its 200-day moving average is $43.66. The company has a market capitalization of $2.99 billion, a P/E ratio of 53.99 and a beta of 0.48. Education Realty Trust Inc. has a 52 week low of $32.90 and a 52 week high of $48.87.
Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, August 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Education Realty Trust had a net margin of 16.30% and a return on equity of 3.22%. The company earned $65.14 million during the quarter, compared to analysts’ expectations of $61.88 million. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 13.6% on a year-over-year basis. On average, equities analysts predict that Education Realty Trust Inc. will post $1.77 EPS for the current fiscal year.
A number of brokerages have weighed in on EDR. Canaccord Genuity set a $54.00 price objective on shares of Education Realty Trust and gave the stock a “buy” rating in a research report on Sunday, September 11th. Capital One Financial Corp. started coverage on shares of Education Realty Trust in a research note on Friday, September 23rd. They set an “equal weight” rating and a $54.00 target price for the company. Zacks Investment Research cut shares of Education Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. FBR & Co started coverage on shares of Education Realty Trust in a research note on Thursday, June 23rd. They set an “outperform” rating and a $48.00 target price for the company. Finally, Robert W. Baird raised shares of Education Realty Trust from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $42.97 to $47.00 in a research note on Tuesday, September 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.75.
In other news, Director Monte J. Barrow sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at approximately $467,452. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.
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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