Janney Montgomery Scott LLC acquired a new stake in shares of Education Realty Trust, Inc. (NYSE:EDR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,404 shares of the real estate investment trust’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EDR. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 buying an additional 477 shares during the last quarter. GAM Holding AG raised its position in shares of 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 buying an additional 300 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of 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 valued at $262,000 after buying an additional 3,158 shares during the last quarter. ETRADE Capital Management LLC raised its position in shares of 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 valued at $292,000 after buying an additional 323 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in shares of Education Realty Trust during the second quarter valued at about $311,000.

Shares of Education Realty Trust, Inc. (NYSE:EDR) opened at $34.88 on Friday. The firm has a market cap of $2,620.00, a PE ratio of 75.83, a P/E/G ratio of 3.04 and a beta of 0.43. Education Realty Trust, Inc. has a 52 week low of $34.44 and a 52 week high of $42.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29.

Education Realty Trust (NYSE:EDR) last posted 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). The business had revenue of $75.36 million during the quarter, compared to the consensus estimate of $69.22 million. Education Realty Trust had a net margin of 11.33% and a return on equity of 2.01%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. equities analysts expect that Education Realty Trust, Inc. will post 1.9 EPS for the current year.

EDR has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and set a $47.00 price objective on shares of Education Realty Trust in a research report on Wednesday, September 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price objective (down previously from $45.00) on shares of Education Realty Trust in a research report on Monday, October 2nd. FBR & Co reissued 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 lowered their target price 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, B. Riley reissued a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Education Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $40.90.

In other news, VP Edwin B. Brewer, Jr. acquired 5,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $35.01 per share, with a total value of $175,050.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Randy L. Churchey acquired 20,000 shares of the firm’s stock in a transaction 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 directly owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This report was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/janney-montgomery-scott-llc-acquires-new-stake-in-education-realty-trust-inc-edr/1787023.html.

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.

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

Receive News & Ratings for Education Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.