Manning & Napier Advisors LLC reduced its holdings in shares of Education Realty Trust Inc. (NYSE:EDR) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,763 shares of the real estate investment trust’s stock after selling 4,100 shares during the quarter. Manning & Napier Advisors LLC owned 0.18% of Education Realty Trust worth $4,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. People s United Financial Inc. lifted its holdings in shares of Education Realty Trust by 0.8% during the second quarter. People s United Financial Inc. now owns 13,999 shares of the real estate investment trust’s stock valued at $542,000 after purchasing an additional 105 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Education Realty Trust by 1.3% during the second quarter. Capstone Asset Management Co. now owns 8,560 shares of the real estate investment trust’s stock valued at $332,000 after purchasing an additional 110 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Education Realty Trust by 1.3% during the second quarter. Amalgamated Bank now owns 10,431 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 135 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Education Realty Trust by 10.0% during 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 purchasing an additional 246 shares in the last quarter. Finally, GAM Holding AG lifted its holdings in shares of Education Realty Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 300 shares in the last quarter.

Education Realty Trust Inc. (EDR) traded down $0.41 during mid-day trading on Friday, reaching $36.01. The company’s stock had a trading volume of 378,622 shares, compared to its average volume of 719,875. Education Realty Trust Inc. has a 52 week low of $34.67 and a 52 week high of $42.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $2,727.87, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 3.16 and a beta of 0.43.

Education Realty Trust (NYSE:EDR) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.31). Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The firm had revenue of $75.36 million during the quarter, compared to the consensus estimate of $69.22 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. sell-side analysts anticipate that Education Realty Trust Inc. will post 1.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Monday, October 30th. Education Realty Trust’s dividend payout ratio (DPR) is currently 339.14%.

In related news, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average price of $35.01 per share, with a total value of $175,050.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wendell W. Weakley acquired 750 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was bought 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. Insiders bought 25,750 shares of company stock worth $904,238 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

A number of research analysts have recently issued reports on EDR shares. KeyCorp reaffirmed a “buy” rating and set a $47.00 price target on shares of Education Realty Trust in a report on Wednesday, September 6th. Sandler O’Neill downgraded Education Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $47.00 to $40.00 in a report on Monday, July 31st. BidaskClub raised Education Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. TheStreet downgraded Education Realty Trust from a “b” rating to a “c+” rating in a report on Monday, July 31st. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price target (down from $45.00) on shares of Education Realty Trust in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.60.

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Education Realty Trust 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.

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

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