Education Realty Trust Inc. (NYSE:EDR) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 6,571,591 shares, an increase of 53.6% from the September 15th total of 4,279,712 shares. Approximately 9.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 667,493 shares, the days-to-cover ratio is presently 9.8 days.

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Education Realty Trust in a research note on Wednesday, August 3rd. Canaccord Genuity set a $54.00 price objective on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Sunday, September 11th. FBR & Co raised their price objective on shares of Education Realty Trust from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. KeyCorp set a $52.00 price objective on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Monday, August 22nd. Finally, Robert W. Baird raised shares of Education Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective 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. Two research 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’s stock. Education Realty Trust currently has a consensus rating of “Hold” and an average price target of $47.75.

Shares of Education Realty Trust (NYSE:EDR) opened at 41.44 on Tuesday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 54.60 and a beta of 0.48. Education Realty Trust has a 1-year low of $34.00 and a 1-year high of $48.87. The company has a 50 day moving average of $43.15 and a 200 day moving average of $43.62.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, October 27th. Education Realty Trust’s dividend payout ratio (DPR) is 220.29%.

In other Education Realty Trust news, Director Monte J. Barrow sold 5,000 shares of Education Realty Trust stock in a transaction that occurred 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 transaction, the director now owns 10,162 shares in the company, valued at $467,452. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Emerald Advisers Inc. PA increased its stake in shares of Education Realty Trust by 21.2% in the second quarter. Emerald Advisers Inc. PA now owns 461,725 shares of the real estate investment trust’s stock valued at $21,304,000 after buying an additional 80,760 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Education Realty Trust by 19.4% in the first quarter. Geode Capital Management LLC now owns 502,292 shares of the real estate investment trust’s stock valued at $20,895,000 after buying an additional 81,757 shares during the last quarter. State Street Corp increased its stake in shares of Education Realty Trust by 31.5% in the first quarter. State Street Corp now owns 2,278,109 shares of the real estate investment trust’s stock valued at $94,770,000 after buying an additional 545,987 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Education Realty Trust by 20.1% in the second quarter. Daiwa Securities Group Inc. now owns 5,097,189 shares of the real estate investment trust’s stock valued at $235,184,000 after buying an additional 854,423 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of Education Realty Trust by 15.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 531,692 shares of the real estate investment trust’s stock valued at $24,532,000 after buying an additional 70,664 shares during the last quarter.

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.

5 Day Chart for NYSE:EDR

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