People s United Financial Inc. boosted its position in Education Realty Trust Inc. (NYSE:EDR) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,999 shares of the real estate investment trust’s stock after acquiring an additional 105 shares during the quarter. People s United Financial Inc.’s holdings in Education Realty Trust were worth $542,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in 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 acquiring an additional 246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Education Realty Trust by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 477 shares during the last quarter. GAM Holding AG increased its stake in Education Realty Trust by 5.0% in the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 300 shares during the last quarter. Dubuque Bank & Trust Co. increased its stake in Education Realty Trust by 22.5% in the second quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 1,173 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Education Realty Trust by 87.7% in the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 3,158 shares during the last quarter.

In other Education Realty Trust news, Director John T. Thomas bought 800 shares of Education Realty Trust stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $37.51 per share, with a total value of $30,008.00. Following the acquisition, the director now owns 3,299 shares in the company, valued at $123,745.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wendell W. Weakley bought 750 shares of Education Realty Trust stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average cost of $38.65 per share, for a total transaction of $28,987.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 2,550 shares of company stock worth $96,496. 0.50% of the stock is owned by insiders.

EDR has been the topic of a number of recent analyst reports. BidaskClub raised shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a research note on Thursday, June 22nd. Citigroup Inc. lowered shares of Education Realty Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $44.00 to $41.00 in a research report on Thursday, June 29th. Bank of America Corporation lowered shares of Education Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Finally, Sandler O’Neill lowered shares of Education Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $47.00 to $40.00 in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Education Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $42.63.

Shares of Education Realty Trust Inc. (NYSE:EDR) opened at 36.37 on Friday. The firm has a 50-day moving average of $38.10 and a 200-day moving average of $38.73. Education Realty Trust Inc. has a 12 month low of $35.57 and a 12 month high of $43.16. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 84.58 and a beta of 0.45.

Education Realty Trust (NYSE:EDR) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The firm had revenue of $74.04 million for the quarter, compared to analyst estimates of $69.40 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts anticipate that Education Realty Trust Inc. will post $0.51 EPS for the current year.

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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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