Cubist Systematic Strategies LLC bought a new stake in Education Realty Trust, Inc. (NYSE:EDR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,322 shares of the real estate investment trust’s stock, valued at approximately $1,161,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Education Realty Trust by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 477 shares during the period. GAM Holding AG increased its stake in Education Realty Trust by 5.0% during the second quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 300 shares during the period. Riverhead Capital Management LLC increased its stake in Education Realty Trust by 87.7% during the second quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,158 shares during the period. ETRADE Capital Management LLC increased its stake in Education Realty Trust by 4.5% during the second quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 323 shares during the period. Finally, Ramsey Quantitative Systems purchased a new stake in Education Realty Trust during the second quarter worth about $311,000.

A number of analysts have issued reports on the stock. KeyCorp reiterated a “buy” rating and set a $47.00 price target on shares of Education Realty Trust in a research note on Wednesday, September 6th. B. Riley set a $44.00 price target on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co lowered shares of Education Realty Trust from a “neutral” rating to an “underweight” rating in a research note on Friday. Royal Bank of Canada cut their price target on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $40.00 price target (down from $45.00) on shares of Education Realty Trust in a research note on Monday, October 2nd. Three investment 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.60.

In other news, Chairman Randy L. Churchey bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average cost of $35.01 per share, for a total transaction of $700,200.00. Following the completion of the purchase, the chairman now owns 149,506 shares of the company’s stock, valued at $5,234,205.06. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Edwin B. Brewer, Jr. bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased 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.

Shares of Education Realty Trust, Inc. (EDR) opened at $36.63 on Tuesday. 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 one year low of $34.67 and a one year high of $42.80. The firm has a market cap of $2,742.26, a P/E ratio of 19.05, a P/E/G ratio of 3.18 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $75.36 million for the quarter, compared to analysts’ expectations of $69.22 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. analysts predict that Education Realty Trust, Inc. will post 1.9 EPS for the current fiscal year.

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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.

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

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