AQR Capital Management LLC Has $1.71 Million Stake in Education Realty Trust Inc. (EDR)

AQR Capital Management LLC lowered its stake in Education Realty Trust Inc. (NYSE:EDR) by 34.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 41,958 shares of the real estate investment trust’s stock after selling 22,396 shares during the period. AQR Capital Management LLC owned 0.06% of Education Realty Trust worth $1,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Education Realty Trust by 10.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,697 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Education Realty Trust by 11.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,440 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 470 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in shares of Education Realty Trust during the first quarter worth approximately $213,000. Keybank National Association OH raised its stake in shares of Education Realty Trust by 4.1% in the first quarter. Keybank National Association OH now owns 5,947 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 235 shares during the last quarter. Finally, Anchor Capital Advisors LLC raised its stake in shares of Education Realty Trust by 2.5% in the first quarter. Anchor Capital Advisors LLC now owns 6,210 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 150 shares during the last quarter.

Education Realty Trust Inc. (NYSE EDR) opened at 37.73 on Friday. Education Realty Trust Inc. has a 52 week low of $36.98 and a 52 week high of $46.55. The firm has a 50-day moving average price of $38.26 and a 200-day moving average price of $39.34. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 87.74 and a beta of 0.44.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.39 dividend. This is an increase from Education Realty Trust’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Thursday, July 27th. Education Realty Trust’s payout ratio is currently 371.44%.

WARNING: “AQR Capital Management LLC Has $1.71 Million Stake in Education Realty Trust Inc. (EDR)” was published by BNB Daily and is the sole property of of BNB Daily. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/aqr-capital-management-llc-has-1-71-million-stake-in-education-realty-trust-inc-edr-updated-updated.html.

A number of analysts have recently commented on the company. Royal Bank Of Canada reissued a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. TheStreet lowered Education Realty Trust from a “b” rating to a “c+” rating in a research note on Monday, July 31st. FBR & Co reissued a “buy” rating on shares of Education Realty Trust in a research note on Thursday, June 22nd. Bank of America Corporation lowered Education Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Finally, BidaskClub upgraded Education Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $45.22.

In other news, VP Edwin B. Brewer, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $37.50 per share, for a total transaction of $37,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Thomas bought 800 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the completion of the transaction, the director now directly owns 3,299 shares of the company’s stock, valued at approximately $123,745.49. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by 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.

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

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

Latest News

Leave a Reply