Mason Street Advisors LLC purchased a new position in shares of Education Realty Trust Inc. (NYSE:EDR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,129 shares of the real estate investment trust’s stock, valued at approximately $1,390,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EDR. Tower Research Capital LLC TRC bought a new position in shares of Education Realty Trust during the second quarter worth about $130,000. BlackRock Japan Co. Ltd raised its position in shares of Education Realty Trust by 13.1% in the first quarter. BlackRock Japan Co. Ltd now owns 3,273 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 379 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Education Realty Trust by 7.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 238 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Education Realty Trust by 84.7% in the second quarter. LS Investment Advisors LLC now owns 3,997 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,833 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Education Realty Trust during the second quarter worth about $207,000.

Shares of Education Realty Trust Inc. (NYSE:EDR) opened at 43.46 on Wednesday. Education Realty Trust Inc. has a one year low of $30.77 and a one year high of $48.87. The company’s 50-day moving average is $45.42 and its 200-day moving average is $43.42. The stock has a market capitalization of $3.17 billion, a P/E ratio of 57.26 and a beta of 0.49.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Education Realty Trust had a net margin of 16.30% and a return on equity of 3.22%. The business had revenue of $65.14 million for the quarter, compared to analyst estimates of $61.88 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that Education Realty Trust Inc. will post $1.77 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Education Realty Trust from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, July 19th. Evercore ISI assumed coverage on shares of Education Realty Trust in a research note on Monday, June 6th. They issued a “hold” rating and a $45.00 price objective on the stock. Hilliard Lyons lowered shares of Education Realty Trust from a “neutral” rating to an “underperform” rating in a research note on Friday, July 1st. FBR & Co assumed coverage on shares of Education Realty Trust in a research note on Thursday, June 23rd. They issued an “outperform” rating and a $48.00 price objective on the stock. Finally, Citigroup Inc. assumed coverage on shares of Education Realty Trust in a research note on Wednesday, September 7th. They issued a “neutral” rating and a $46.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $47.45.

In related news, Director Monte J. Barrow sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the director now directly owns 10,162 shares in the company, valued at approximately $467,452. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

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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