The Swiss National Bank Has $4,906,000 Position in Education Realty Trust, Inc. (EDR)

The Swiss National Bank Has $4,906,000 Position in Education Realty Trust, Inc. (EDR)

Other hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in shares of Education Realty Trust by 0.3% in the first quarter. Daiwa Securities Group Inc. now owns 5,224,910 shares of the real estate investment trust’s stock worth $213,437,000 after buying an additional 13,942 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Education Realty Trust by 27.2% in the first quarter. Bank of New York Mellon Corp now owns 2,828,545 shares of the real estate investment trust’s stock worth $115,545,000 after buying an additional 604,412 shares in the last quarter. RidgeWorth Capital Management LLC purchased a new stake in shares of Education Realty Trust during the fourth quarter worth approximately $53,049,000. Dimensional Fund Advisors LP boosted its stake in shares of Education Realty Trust by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 935,346 shares of the real estate investment trust’s stock worth $39,565,000 after buying an additional 70,480 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Education Realty Trust during the fourth quarter worth approximately $30,532,000.

Swiss National Bank maintained its stake in shares of Education Realty Trust, Inc. (NYSE:EDR) during the first quarter, Holdings Channel reports. The fund owned 120,096 shares of the real estate investment trust’s stock at the end of the first quarter. Swiss National Bank’s holdings in Education Realty Trust were worth $4,906,000 as of its most recent SEC filing.

Shares of Education Realty Trust, Inc. (NYSE:EDR) opened at 38.87 on Monday. Education Realty Trust, Inc. has a 1-year low of $36.98 and a 1-year high of $48.87. The firm has a market cap of $2.84 billion, a PE ratio of 63.72 and a beta of 0.38. The stock’s 50 day moving average is $38.68 and its 200-day moving average is $40.21.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.35. The company had revenue of $85.80 million for the quarter, compared to the consensus estimate of $78.54 million. Education Realty Trust had a net margin of 16.26% and a return on equity of 2.86%. Education Realty Trust’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Analysts expect that Education Realty Trust, Inc. will post $0.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $1.52 annualized dividend and a yield of 3.91%. Education Realty Trust’s payout ratio is currently 205.41%. A number of analysts have commented on EDR shares. Canaccord Genuity set a $47.00 price target on shares of Education Realty Trust and gave the company a “buy” rating in a research note on Thursday, February 9th. Evercore ISI cut their price target on shares of 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. FBR & Co reiterated a “buy” rating and issued a $51.00 price target on shares of Education Realty Trust in a research note on Wednesday, February 22nd. JMP Securities cut shares of Education Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Education Realty Trust has a consensus rating of “Hold” and a consensus target price of $47.44.

In related news, Director Kimberly Schaefer purchased 1,000 shares of Education Realty Trust stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $37.63 per share, for a total transaction of $37,630.00. Following the completion of the transaction, the director now owns 5,909 shares in the company, valued at $222,355.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EDR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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