Education Realty Trust Inc. (NYSE:EDR) Director John T. Thomas bought 800 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the completion of the purchase, the director now directly owns 3,299 shares of the company’s stock, valued at approximately $123,745.49. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Education Realty Trust Inc. (EDR) traded up 0.03% during trading on Thursday, reaching $37.54. The company had a trading volume of 347,991 shares. The company has a market capitalization of $2.75 billion, a P/E ratio of 91.56 and a beta of 0.44. Education Realty Trust Inc. has a 52-week low of $36.98 and a 52-week high of $48.26. The firm has a 50-day moving average price of $38.98 and a 200-day moving average price of $39.65.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Education Realty Trust had a return on equity of 1.82% and a net margin of 10.58%. The company had revenue of $74.04 million for the quarter, compared to the consensus estimate of $69.40 million. During the same period in the previous year, the business earned $0.39 EPS. Education Realty Trust’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts predict that Education Realty Trust Inc. will post $0.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, July 27th. This is an increase from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 4.16%. Education Realty Trust’s payout ratio is currently 371.44%.

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Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake 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 valued at $110,000 after buying an additional 246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Education Realty Trust by 11.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,440 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 470 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new stake in Education Realty Trust during the first quarter valued at about $213,000. Keybank National Association OH increased its stake in Education Realty Trust by 4.1% in the first quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 235 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its stake in Education Realty Trust by 2.5% in the first quarter. Anchor Capital Advisors LLC now owns 6,210 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 150 shares in the last quarter.

A number of analysts recently weighed in on EDR shares. Canaccord Genuity lowered shares of Education Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $43.00 in a research note on Monday, April 10th. JMP Securities lowered shares of Education Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Evercore ISI cut their target price on shares of Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating on the stock in a research note on Tuesday, May 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research lowered shares of Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.44.

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.

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