Kayne Anderson Rudnick Investment Management LLC Has $1.91 Million Holdings in Education Realty Trust Inc. (EDR)

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Education Realty Trust Inc. (NYSE:EDR) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,383 shares of the real estate investment trust’s stock after selling 1,502 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.07% of Education Realty Trust worth $1,914,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EDR. PNC Financial Services Group Inc. lifted its holdings in shares of 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 valued at $110,000 after buying an additional 246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 valued at $181,000 after buying an additional 470 shares during the period. Keybank National Association OH lifted its holdings 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 valued at $243,000 after buying an additional 235 shares during the period. Anchor Capital Advisors LLC lifted its holdings 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 valued at $254,000 after buying an additional 150 shares during the period. Finally, LS Investment Advisors LLC raised its position in shares of Education Realty Trust by 25.7% during the first quarter. LS Investment Advisors LLC now owns 6,281 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 1,285 shares during the period.

In other Education Realty Trust news, VP Edwin B. Brewer, Jr. bought 1,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $37.50 per share, for a total transaction of $37,500.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Wendell W. Weakley bought 750 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $38.65 per share, for a total transaction of $28,987.50. The disclosure for this purchase can be found here. Insiders have bought a total of 2,550 shares of company stock worth $96,496 in the last three months. Insiders own 0.50% of the company’s stock.

EDR has been the topic of a number of recent analyst reports. Citigroup Inc. lowered 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 lowered Education Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. FBR & Co reaffirmed a “buy” rating on shares of Education Realty Trust in a research report on Thursday, June 22nd. Sandler O’Neill lowered Education Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $47.00 to $40.00 in a research report on Monday, July 31st. Finally, TheStreet lowered Education Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.38.

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Education Realty Trust Inc. (NYSE:EDR) opened at 38.05 on Friday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 88.49 and a beta of 0.44. Education Realty Trust Inc. has a 12 month low of $36.98 and a 12 month high of $45.03. The firm has a 50-day moving average price of $38.47 and a 200 day moving average price of $38.99.

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 Zacks’ consensus estimate of $0.42. The company had revenue of $74.04 million for the quarter, compared to analysts’ expectations of $69.40 million. Education Realty Trust had a net margin of 10.58% and a return on equity of 1.83%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, equities analysts forecast that Education Realty Trust Inc. will post $0.53 EPS for the current year.

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)

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