Education Realty Trust (EDR) : Heitman Real Estate Securities reduced its stake in Education Realty Trust by 58.19% during the most recent quarter end. The investment management company now holds a total of 1,196,798 shares of Education Realty Trust which is valued at $56,165,730 after selling 1,665,784 shares in Education Realty Trust , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Education Realty Trust makes up approximately 2.90% of Heitman Real Estate Securities’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in EDR during the most recent quarter. The investment firm sold 59,643 shares of EDR which is valued $2,799,046.Profund Advisors boosted its stake in EDR in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 8,464 shares of Education Realty Trust which is valued at $397,216. Education Realty Trust makes up approx 0.02% of Profund Advisors’s portfolio.Manning Napier Advisors reduced its stake in EDR by selling 7,254 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 151,718 shares of EDR which is valued at $7,164,124. Education Realty Trust makes up approx 0.04% of Manning Napier Advisors’s portfolio. Capital Fund Management S.a. added EDR to its portfolio by purchasing 27,600 company shares during the most recent quarter which is valued at $1,307,136. Education Realty Trust makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.Kanaly Trust Co reduced its stake in EDR by selling 2 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 130 shares of EDR which is valued at $6,115.
Education Realty Trust closed down -0.1 points or -0.22% at $45.21 with 6,47,253 shares getting traded on Thursday. Post opening the session at $45.22, the shares hit an intraday low of $44.92 and an intraday high of $45.48 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
Many Wall Street Analysts have commented on Education Realty Trust. Education Realty Trust was Initiated by Citigroup to “Neutral” on Sep 7, 2016. Company shares were Reiterated by FBR Capital on Aug 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 from a previous price target of $48 .Company shares were Reiterated by Canaccord Genuity on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .
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.