Commerce Bank Holds Holdings in Education Realty Trust Inc. (NYSE:EDR)

Commerce Bank continued to hold its stake in shares of Education Realty Trust Inc. (NYSE:EDR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,570 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Commerce Bank’s holdings in Education Realty Trust were worth $526,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EDR. PNC Financial Services Group Inc. raised its position in shares of Education Realty Trust by 10.0% during the 1st 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Education Realty Trust by 11.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,440 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 470 shares during the period. Keybank National Association OH raised its position in shares of Education Realty Trust by 4.1% during the 1st 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. GAM Holding AG raised its position in shares of Education Realty Trust by 5.0% during the 2nd 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. Finally, Dubuque Bank & Trust Co. raised its position in shares of Education Realty Trust by 22.5% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,379 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 1,173 shares during the period.

Shares of Education Realty Trust Inc. (NYSE:EDR) traded up 0.10% during trading on Friday, hitting $39.41. 187,661 shares of the company’s stock were exchanged. Education Realty Trust Inc. has a 12-month low of $36.98 and a 12-month high of $45.03. The company has a 50-day moving average of $38.36 and a 200-day moving average of $39.08. The company has a market cap of $2.88 billion, a P/E ratio of 91.65 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The firm had revenue of $74.04 million during the quarter, compared to analysts’ expectations of $69.40 million. During the same period last year, the business earned $0.39 earnings per share. Education Realty Trust’s revenue was up 13.7% compared to the same quarter last year. On average, equities analysts expect that Education Realty Trust Inc. will post $0.53 earnings per share for the current fiscal year.

In related news, VP Edwin B. Brewer, Jr. bought 1,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $37.50 per share, with a total value of $37,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Thomas bought 800 shares of the stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $37.51 per share, with a total value of $30,008.00. Following the purchase, 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. Over the last 90 days, insiders have purchased 2,550 shares of company stock valued at $96,496. 0.50% of the stock is owned by company insiders.

A number of analysts have issued reports on EDR shares. KeyCorp reiterated a “buy” rating and issued a $47.00 price target on shares of Education Realty Trust in a report on Wednesday, September 6th. Sandler O’Neill downgraded shares of Education Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $47.00 to $40.00 in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) upgraded shares of Education Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $42.00 in a report on Thursday, August 10th. TheStreet downgraded shares of Education Realty Trust from a “b” rating to a “c+” rating in a report on Monday, July 31st. Finally, Citigroup Inc. downgraded shares of Education Realty Trust from a “buy” rating to a “neutral” rating and reduced their price target for the company from $44.00 to $41.00 in a report on Thursday, June 29th. Three investment 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 stock has a consensus rating of “Hold” and an average price target of $44.67.

TRADEMARK VIOLATION WARNING: “Commerce Bank Holds Holdings in Education Realty Trust Inc. (NYSE:EDR)” was originally reported by BBNS and is owned by of BBNS. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://baseballnewssource.com/markets/commerce-bank-has-526000-position-in-education-realty-trust-inc-edr/1601477.html.

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)

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 our FREE daily email newsletter.

 


Latest News

Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster


Leave a Reply

 
© 2006-2017 BBNS.