Wells Fargo & Company MN Buys 18,885 Shares of Education Realty Trust, Inc. (EDR)

Wells Fargo & Company MN raised its holdings in shares of Education Realty Trust, Inc. (NYSE:EDR) by 23.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,210 shares of the real estate investment trust’s stock after purchasing an additional 18,885 shares during the quarter. Wells Fargo & Company MN owned approximately 0.13% of Education Realty Trust worth $3,600,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Education Realty Trust by 10.7% in 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 acquiring an additional 477 shares during the last quarter. Riverhead Capital Management LLC grew its holdings 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 worth $262,000 after purchasing an additional 3,158 shares during the last quarter. ETRADE Capital Management LLC grew its holdings 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 worth $292,000 after purchasing an additional 323 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Education Realty Trust during the second quarter worth about $311,000. Finally, Schroder Investment Management Group bought a new stake in shares of Education Realty Trust during the third quarter worth about $321,000.

In other news, Chairman Randy L. Churchey purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were purchased at an average price of $35.01 per share, with a total value of $700,200.00. Following the transaction, the chairman now directly owns 149,506 shares of the company’s stock, valued at $5,234,205.06. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Edwin B. Brewer, Jr. purchased 5,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average cost of $35.01 per share, for a total transaction of $175,050.00. The disclosure for this purchase can be found here. 0.50% of the stock is owned by corporate insiders.

Shares of Education Realty Trust, Inc. (NYSE EDR) opened at $33.60 on Wednesday. The stock has a market capitalization of $2,513.48, a price-to-earnings ratio of 73.05, a P/E/G ratio of 2.85 and a beta of 0.44. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.44. Education Realty Trust, Inc. has a 1-year low of $33.02 and a 1-year high of $42.80.

Education Realty Trust (NYSE:EDR) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. analysts forecast that Education Realty Trust, Inc. will post 1.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.56 dividend on an annualized basis and a yield of 4.64%. Education Realty Trust’s dividend payout ratio (DPR) is presently 339.14%.

EDR has been the topic of several research reports. B. Riley set a $44.00 price target on Education Realty Trust and gave the stock a “buy” rating in a report on Tuesday, January 2nd. KeyCorp reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Education Realty Trust in a research note on Thursday, December 21st. Robert W. Baird set a $38.00 price objective on Education Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, October 31st. FBR & Co reissued a “buy” rating and issued a $44.00 price target on shares of Education Realty Trust in a research note on Monday, October 30th. Finally, Royal Bank of Canada dropped their price target on 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. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $40.90.

TRADEMARK VIOLATION NOTICE: “Wells Fargo & Company MN Buys 18,885 Shares of Education Realty Trust, Inc. (EDR)” was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/wells-fargo-company-mn-has-3-60-million-holdings-in-education-realty-trust-inc-edr/1822371.html.

Education Realty Trust 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 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.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.