JPMorgan Chase & Co. cut its stake in Education Realty Trust Inc. (NYSE:EDR) by 26.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,466 shares of the real estate investment trust’s stock after selling 66,242 shares during the quarter. JPMorgan Chase & Co. owned 0.25% of Education Realty Trust worth $7,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Education Realty Trust by 10.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 valued at $191,000 after purchasing an additional 477 shares during the period. Keybank National Association OH lifted its position in Education Realty Trust by 4.1% during the first quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 235 shares during the period. Anchor Capital Advisors LLC lifted its position in Education Realty Trust by 2.5% during the first quarter. Anchor Capital Advisors LLC now owns 6,210 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 150 shares during the period. Finally, GAM Holding AG lifted its position 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 valued at $246,000 after purchasing an additional 300 shares during the period.

Shares of Education Realty Trust Inc. (NYSE EDR) opened at 36.47 on Tuesday. The company has a market cap of $2.67 billion, a P/E ratio of 84.81 and a beta of 0.45. Education Realty Trust Inc. has a 12 month low of $35.57 and a 12 month high of $43.16. The stock’s 50 day moving average is $38.31 and its 200-day moving average is $38.81.

Education Realty Trust (NYSE:EDR) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The company had revenue of $74.04 million for the quarter, compared to analyst estimates of $69.40 million. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. On average, equities analysts forecast that Education Realty Trust Inc. will post $0.51 EPS for the current year.

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A number of equities research analysts have commented on EDR shares. Citigroup Inc. downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $41.00 in a research report on Thursday, June 29th. BidaskClub cut Education Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a report on Thursday, June 22nd. Sandler O’Neill cut Education Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $47.00 to $40.00 in a report on Monday, July 31st. Finally, KeyCorp restated a “buy” rating and issued a $47.00 price target on shares of Education Realty Trust in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.63.

In related news, Director John T. Thomas bought 800 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the completion of the purchase, the director now directly owns 3,299 shares of the company’s stock, valued at $123,745.49. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Edwin B. Brewer, Jr. bought 1,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $37.50 per share, for a total transaction of $37,500.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,550 shares of company stock valued at $96,496 in the last quarter. Company insiders own 0.50% of the company’s stock.

Education Realty Trust 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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