Education Realty Trust, Inc. (EDR) Holdings Cut by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of Education Realty Trust, Inc. (NYSE:EDR) by 9.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,768 shares of the real estate investment trust’s stock after selling 12,571 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Education Realty Trust worth $4,231,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EDR. BlackRock Inc. lifted its holdings in shares of Education Realty Trust by 0.8% during the second quarter. BlackRock Inc. now owns 9,621,591 shares of the real estate investment trust’s stock worth $372,836,000 after buying an additional 71,799 shares during the last quarter. State Street Corp lifted its holdings in shares of Education Realty Trust by 2.6% during the second quarter. State Street Corp now owns 3,431,312 shares of the real estate investment trust’s stock worth $132,966,000 after buying an additional 87,185 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Education Realty Trust by 4.6% during the second quarter. Northern Trust Corp now owns 2,095,596 shares of the real estate investment trust’s stock worth $81,203,000 after buying an additional 91,564 shares during the last quarter. Channing Capital Management LLC lifted its holdings in shares of Education Realty Trust by 15.6% during the third quarter. Channing Capital Management LLC now owns 1,340,581 shares of the real estate investment trust’s stock worth $48,167,000 after buying an additional 180,768 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Education Realty Trust by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,052,831 shares of the real estate investment trust’s stock worth $37,828,000 after buying an additional 17,835 shares during the last quarter.

Education Realty Trust, Inc. (EDR) opened at $33.58 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.29 and a current ratio of 0.29. Education Realty Trust, Inc. has a 12 month low of $33.55 and a 12 month high of $42.80. The stock has a market capitalization of $2,627.11, a price-to-earnings ratio of 73.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.31). Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The company had revenue of $75.36 million for the quarter, compared to analyst estimates of $69.22 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. equities analysts anticipate that Education Realty Trust, Inc. will post 1.9 EPS for the current fiscal year.

A number of research analysts recently commented on EDR shares. Robert W. Baird restated an “outperform” rating and issued a $40.00 target price (down from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. FBR & Co restated a “buy” rating and issued a $44.00 target price on shares of Education Realty Trust in a research note on Monday, October 30th. Royal Bank of Canada cut their target price on Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. B. Riley restated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. lowered Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Education Realty Trust has an average rating of “Hold” and an average price target of $40.90.

In other Education Realty Trust news, Chairman Randy L. Churchey bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were bought at an average price of $35.01 per share, for a total transaction of $700,200.00. Following the completion of the acquisition, the chairman now owns 149,506 shares of the company’s stock, valued at $5,234,205.06. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Edwin B. Brewer, Jr. bought 5,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average price of $35.01 per share, for a total transaction of $175,050.00. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

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About Education Realty Trust

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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Institutional Ownership by Quarter for Education Realty Trust (NYSE:EDR)

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