Education Realty Trust, Inc. (EDR) loses confidence of 31 hedge fund managers

Education Realty Trust, Inc. (NYSE:EDR) is on recovery track with 13.1% gain from a 1-year low price of $30.07. The company added 0.8% to attain the price of $34.01 on 05/16/2018. Throughout the recent session, the prices were hovering between $33.37 and $34.03. These shares are 6.59% off its target price of $36.25 and the current market capitalization stands at $2.59B. The recent change has given its price a 3.85% lead over SMA 50 and -16.72% deficit over its 52-week high. The stock witnessed 2.56% gains, 9.08% gains and -7.86% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EDR’s volatility during a week at 1.61% and during a month it has been found around 1.84%.

Education Realty Trust, Inc. (EDR) Top Holders

Institutional investors currently hold around $2.98 billion or 28.42% in EDR stock. Look at its top three institutional owners. Vanguard Group Inc owns $385.26 million in Education Realty Trust, Inc., which represents roughly 14.87% of the company’s market cap and approximately 12.91% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 10,409,727 shares of the stock are valued at $351.22 million. The third largest holder is Invesco Ltd., which currently holds $156.81 million worth of this stock and that ownership represents nearly 6.05% of its market capitalization.

Education Realty Trust, Inc. 13F Filings

At the end of 03/31/2018 reporting period, 130 institutional holders increased their position in Education Realty Trust, Inc. (NYSE:EDR) by some 7,674,444 shares, 115 decreased positions by 4,195,888 and 19 held positions by 76,581,374. That puts total institutional holdings at 88,451,706 shares, according to SEC filings. The stock grabbed 29 new institutional investments totaling 2,855,035 shares while 31 institutional investors sold out their entire positions totaling 598,257 shares.

Education Realty Trust, Inc. (NYSE:EDR) Insider Trades

Multiple company employees have indulged in significant insider trading. Education Realty Trust, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior VP and CAO Mackie Lindsey has acquired 420 shares of Education Realty Trust, Inc. (EDR) in trading session dated Mar. 05, 2018. These shares are worth $13,104 and were traded at $31.2 each. The SEC filing shows that Brewer Edwin B Jr performed a purchase of 5,000 shares. The Executive VP and CFO added these shares by way of transaction on Nov. 02, 2017. The company’s shares were assimilated at $35.01 per share worth to an investment of some $175,050 on account of Brewer Edwin B Jr.

Chairman and CEO, Churchey Randy L, purchased 20,000 common shares of Education Realty Trust, Inc. (EDR) in the open market. In a transaction dated Nov. 01, 2017, the shares were bought at an average price of $35.01, giving away a sum of $700,200. After this purchase, 149,506 common shares of EDR are directly owned by the insider, with total stake valued at $5,084,699.

In the transaction dated Aug. 23, 2017, the great number of shares acquired came courtesy the Director; Weakley Wendell W added a total of 750 shares at an average price of $38.65, amounting to approximately $28,988. The insider now directly owns 34,731 shares worth $1,181,201.

Education Realty Trust, Inc. (EDR) Analyst Guide

Several analysts have released their opinion on Education Realty Trust, Inc. (NYSE:EDR), with 2 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.63 average brokerage recommendation.

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