Education Realty Trust (EDR) : Spirit Of America Management Corpny reduced its stake in Education Realty Trust by 12.59% during the most recent quarter end. The investment management company now holds a total of 49,275 shares of Education Realty Trust which is valued at $2,033,579 after selling 7,100 shares in Education Realty Trust , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Education Realty Trust makes up approximately 0.27% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in EDR in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 185 shares of Education Realty Trust which is valued at $7,690.North Star Investment Management Corp. reduced its stake in EDR by selling 18,247 shares or 81.27% in the most recent quarter. The Hedge Fund company now holds 4,206 shares of EDR which is valued at $168,030. Education Realty Trust makes up approx 0.03% of North Star Investment Management Corp.’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in EDR in the latest quarter, The investment management firm added 3,462 additional shares and now holds a total of 25,128 shares of Education Realty Trust which is valued at $1,018,940. Education Realty Trust makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Fisher Asset Management boosted its stake in EDR in the latest quarter, The investment management firm added 11,825 additional shares and now holds a total of 831,630 shares of Education Realty Trust which is valued at $33,722,597. Education Realty Trust makes up approx 0.06% of Fisher Asset Management’s portfolio.
Education Realty Trust closed down -0.3 points or -0.72% at $41.27 with 3,38,289 shares getting traded on Friday. Post opening the session at $41.58, the shares hit an intraday low of $41.14 and an intraday high of $41.79 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Education Realty Trust reported $0.39 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $65.10 million for the quarter, compared to analysts expectations of $61.42 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Investors should note that on Oct 14, 2016, Education Realty Trust announced a cash dividend of $0.3800. The company’s management has announced Oct 27, 2016 as the ex-dividend date and fixed the record date on Oct 31, 2016. The payable date has been fixed on Nov 15, 2016.
Many Wall Street Analysts have commented on Education Realty Trust. Education Realty Trust was Upgraded by Citigroup to ” Buy” on Oct 5, 2016. Shares were Reiterated by Canaccord Genuity on Oct 3, 2016 to “Buy” and Lowered the Price Target to $ 51 from a previous price target of $54 .Education Realty Trust was Initiated by CapitalOne to “Equal Weight” on Sep 23, 2016.
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 Company develops collegiate housing communities for its own account and also provides third-party development consulting services on collegiate housing development projects for universities and other third parties. The Trust operates through three segments: collegiate housing leasing collegiate housing development consulting services and collegiate housing management services. The Trust conducts all of its activities through Education Realty Operating Partnership LP (EROP) and its subsidiaries EDR Management Inc. (Management Company) and EDR Development LLC (Development Company). The Management Company wholly owns the Trust’s Development Company.