Education Realty Trust Inc. (NYSE:EDR) declared a quarterly dividend on Friday, October 14th. Stockholders of record on Monday, October 31st will be paid a dividend of 0.38 per share by the real estate investment trust on Tuesday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, October 27th.

Education Realty Trust (NYSE:EDR) traded down 0.72% during midday trading on Friday, hitting $41.27. 338,289 shares of the stock traded hands. The company’s 50 day moving average price is $43.39 and its 200 day moving average price is $43.59. The firm has a market cap of $3.01 billion, a PE ratio of 54.37 and a beta of 0.48. Education Realty Trust has a 12 month low of $33.67 and a 12 month high of $48.87.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $65.14 million for the quarter, compared to analyst estimates of $61.88 million. Education Realty Trust had a return on equity of 3.22% and a net margin of 16.30%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Equities research analysts predict that Education Realty Trust will post $1.77 earnings per share for the current fiscal year.

Dividend History for Education Realty Trust (NYSE:EDR)

Several research analysts have weighed in on the company. Canaccord Genuity set a $54.00 price objective on Education Realty Trust and gave the stock a “buy” rating in a report on Sunday, September 11th. Capital One Financial Corp. began coverage on Education Realty Trust in a report on Friday, September 23rd. They set an “equal weight” rating and a $54.00 price objective for the company. Zacks Investment Research cut Education Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Robert W. Baird raised Education Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $42.97 to $47.00 in a report on Tuesday, September 20th. They noted that the move was a valuation call. Finally, FBR & Co began coverage on Education Realty Trust in a report on Thursday, June 23rd. They set an “outperform” rating and a $48.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Education Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $47.75.

In related news, Director Monte J. Barrow sold 5,000 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the transaction, the director now owns 10,162 shares of the company’s stock, valued at $467,452. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Education Realty Trust by 37.7% in the second quarter. State Street Corp now owns 3,137,607 shares of the real estate investment trust’s stock worth $144,770,000 after buying an additional 859,498 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Education Realty Trust by 443.4% in the second quarter. Teachers Advisors Inc. now owns 494,447 shares of the real estate investment trust’s stock worth $22,814,000 after buying an additional 403,452 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Education Realty Trust by 15.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,760,853 shares of the real estate investment trust’s stock worth $127,386,000 after buying an additional 376,920 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Education Realty Trust by 240.7% in the second quarter. Alliancebernstein L.P. now owns 386,856 shares of the real estate investment trust’s stock worth $17,850,000 after buying an additional 273,312 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Education Realty Trust by 59.8% in the second quarter. Franklin Resources Inc. now owns 713,276 shares of the real estate investment trust’s stock worth $32,911,000 after buying an additional 267,010 shares during the last quarter.

About Education Realty Trust

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.

5 Day Chart for NYSE:EDR

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