Retirement Systems of Alabama Purchases 3,509 Shares of Education Realty Trust, Inc. (EDR)
Retirement Systems of Alabama raised its position in Education Realty Trust, Inc. (NYSE:EDR) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97,952 shares of the real estate investment trust’s stock after acquiring an additional 3,509 shares during the quarter. Retirement Systems of Alabama’s holdings in Education Realty Trust were worth $3,420,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in Education Realty Trust in the 3rd quarter valued at $302,000. Schroder Investment Management Group acquired a new position in Education Realty Trust in the 3rd quarter valued at $321,000. Crossmark Global Holdings Inc. acquired a new position in Education Realty Trust in the 3rd quarter valued at $331,000. Quantitative Systematic Strategies LLC acquired a new position in Education Realty Trust in the 3rd quarter valued at $402,000. Finally, ING Groep NV increased its stake in Education Realty Trust by 27.5% in the 4th quarter. ING Groep NV now owns 11,430 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 2,466 shares during the period.
Shares of Education Realty Trust, Inc. (NYSE EDR) opened at $30.39 on Thursday. The company has a market cap of $2,328.65, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 2.92 and a beta of 0.38. Education Realty Trust, Inc. has a 1 year low of $30.07 and a 1 year high of $42.44. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a $0.39 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.56 annualized dividend and a dividend yield of 5.13%. Education Realty Trust’s dividend payout ratio is presently 264.41%.
Several brokerages have issued reports on EDR. B. Riley set a $44.00 price objective on shares of Education Realty Trust and gave the company a “buy” rating in a research note on Tuesday. KeyCorp reissued a “buy” rating and issued a $40.00 price objective on shares of Education Realty Trust in a research note on Thursday, December 21st. JPMorgan Chase & Co. lowered shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Royal Bank of Canada decreased their target price on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. Finally, Robert W. Baird set a $38.00 target price on shares of Education Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.90.
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.
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