Manning & Napier Advisors LLC Purchases 16,620 Shares of Education Realty Trust Inc. (EDR)

Manning & Napier Advisors LLC raised its stake in Education Realty Trust Inc. (NYSE:EDR) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,863 shares of the real estate investment trust’s stock after buying an additional 16,620 shares during the period. Manning & Napier Advisors LLC owned 0.20% of Education Realty Trust worth $5,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Education Realty Trust by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 935,346 shares of the real estate investment trust’s stock valued at $39,565,000 after buying an additional 70,480 shares during the last quarter. Norges Bank acquired a new position in shares of Education Realty Trust during the fourth quarter valued at about $30,532,000. Teachers Advisors LLC raised its position in shares of Education Realty Trust by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 120,897 shares of the real estate investment trust’s stock valued at $5,114,000 after buying an additional 6,538 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Education Realty Trust during the fourth quarter valued at about $6,678,000. Finally, First National Bank of Omaha raised its position in shares of Education Realty Trust by 25.7% in the first quarter. First National Bank of Omaha now owns 143,448 shares of the real estate investment trust’s stock valued at $5,860,000 after buying an additional 29,356 shares during the last quarter.

Shares of Education Realty Trust Inc. (EDR) traded down 1.69% during mid-day trading on Friday, hitting $37.73. 344,752 shares of the stock were exchanged. Education Realty Trust Inc. has a 12 month low of $36.98 and a 12 month high of $46.55. The stock’s 50 day moving average is $38.26 and its 200-day moving average is $39.34. The stock has a market cap of $2.76 billion, a PE ratio of 87.74 and a beta of 0.44.

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

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

ILLEGAL ACTIVITY WARNING: “Manning & Napier Advisors LLC Purchases 16,620 Shares of Education Realty Trust Inc. (EDR)” was originally published by BNB Daily and is the property of of BNB Daily. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/education-realty-trust-inc-edr-shares-bought-by-manning-napier-advisors-llc-updated-updated-updated.html.

Several research analysts recently issued reports on EDR shares. Canaccord Genuity decreased their price target on shares of Education Realty Trust from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, May 2nd. Evercore ISI decreased their price target on shares of Education Realty Trust from $41.00 to $38.00 and set an “underperform” rating for the company in a research note on Tuesday, May 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, May 3rd. Zacks Investment Research lowered shares of Education Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, BidaskClub upgraded shares of Education Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.22.

In related news, VP Edwin B. Brewer, Jr. acquired 1,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $37.50 per share, for a total transaction of $37,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Thomas acquired 800 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $37.51 per share, for a total transaction of $30,008.00. Following the acquisition, the director now owns 3,299 shares of the company’s stock, valued at $123,745.49. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.

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