Columbia Wanger Asset Management Lowers stake in Education Realty Trust (EDR)

Education Realty Trust (EDR) : Columbia Wanger Asset Management reduced its stake in Education Realty Trust by 15.65% during the most recent quarter end. The investment management company now holds a total of 2,658,591 shares of Education Realty Trust which is valued at $124,767,676 after selling 493,082 shares in Education Realty Trust , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Education Realty Trust makes up approximately 1.35% of Columbia Wanger Asset Management’s portfolio.

Other Hedge Funds, Including , Teachers Insurance Annuity Association Of America boosted its stake in EDR in the latest quarter, The investment management firm added 3,181 additional shares and now holds a total of 70,573 shares of Education Realty Trust which is valued at $3,311,991. Education Realty Trust makes up approx 0.14% of Teachers Insurance Annuity Association Of America’s portfolio. Rafferty Asset Management added EDR to its portfolio by purchasing 58,253 company shares during the most recent quarter which is valued at $2,701,774. Education Realty Trust makes up approx 0.17% of Rafferty Asset Management’s portfolio.Sg Americas Securities boosted its stake in EDR in the latest quarter, The investment management firm added 1,069 additional shares and now holds a total of 8,875 shares of Education Realty Trust which is valued at $426,000.Louisiana State Employees Retirement System reduced its stake in EDR by selling 10,400 shares or 37.14% in the most recent quarter. The Hedge Fund company now holds 17,600 shares of EDR which is valued at $833,536. Education Realty Trust makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio. Checchi Capital Advisers added EDR to its portfolio by purchasing 213 company shares during the most recent quarter which is valued at $10,020.

Education Realty Trust closed down -0.18 points or -0.40% at $45.35 with 8,44,063 shares getting traded on Monday. Post opening the session at $45.66, the shares hit an intraday low of $45.22 and an intraday high of $46.3 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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 .Company shares were Reiterated by Canaccord Genuity on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $45 .

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.

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