Chartwell Investment Partners LLC reduced its stake in shares of Education Realty Trust Inc. (NYSE:EDR) by 4.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 438,669 shares of the real estate investment trust’s stock after selling 18,650 shares during the period. Chartwell Investment Partners LLC owned approximately 0.60% of Education Realty Trust worth $16,998,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EDR. Teachers Advisors LLC boosted its stake in shares of Education Realty Trust by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 120,897 shares of the real estate investment trust’s stock valued at $5,114,000 after buying an additional 6,538 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Education Realty Trust by 3.2% in the first quarter. Capstone Asset Management Co. now owns 8,450 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 260 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Education Realty Trust by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the real estate investment trust’s stock valued at $756,000 after buying an additional 400 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Education Realty Trust by 22.6% in the first quarter. State of Alaska Department of Revenue now owns 51,923 shares of the real estate investment trust’s stock valued at $2,120,000 after buying an additional 9,570 shares during the last quarter. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of Education Realty Trust during the first quarter valued at $257,000.

Shares of Education Realty Trust Inc. (NYSE:EDR) opened at 38.38 on Friday. Education Realty Trust Inc. has a 12 month low of $36.98 and a 12 month high of $46.55. The company’s 50 day moving average price is $38.30 and its 200 day moving average price is $39.36. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 89.26 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Education Realty Trust had a return on equity of 1.83% 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 quarter in the previous year, the business earned $0.39 EPS. Education Realty Trust’s revenue was up 13.7% compared to the same quarter last year. On average, equities analysts expect that Education Realty Trust Inc. will post $0.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Thursday, July 27th. This is an increase from Education Realty Trust’s previous quarterly dividend of $0.38. Education Realty Trust’s payout ratio is currently 371.44%.

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EDR has been the subject of several recent research reports. Canaccord Genuity decreased their price target on Education Realty Trust from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, May 2nd. Evercore ISI decreased their price target on Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating for the company in a research note on Tuesday, May 2nd. Royal Bank Of Canada reissued a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. Zacks Investment Research cut Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, BidaskClub raised Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.22.

In other Education Realty Trust news, VP Edwin B. Brewer, Jr. purchased 1,000 shares of Education Realty Trust stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $37.50 per share, for a total transaction of $37,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John T. Thomas purchased 800 shares of Education Realty Trust stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the acquisition, the director now owns 3,299 shares in the company, valued at $123,745.49. The disclosure for this purchase can be found here. 0.50% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Education Realty Trust (NYSE:EDR)

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