Trade Street Residential (TSRE) Posts Q1 FFO of 10c/Share
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Compass Point Downgrades Trade Street Residential (TSRE) to Neutral
May 11, 2015 3:55 PM EDTCompass Point downgraded Trade Street Residential (NASDAQ: TSRE) from Buy to Neutral with a price target of $7.60 (from $9.50).
For an analyst ratings summary and ratings history on Trade Street Residential click here. For more ratings news on Trade Street Residential click here.
Shares of Trade Street Residential closed at $7.08 yesterday.
... MoreIndependence Realty Trust (IRT) to Acquire Trade Street Residential (TSRE) for $7.60/Share
May 11, 2015 8:09 AM EDTIndependence Realty Trust, Inc. (IRT) (NYSE: IRT) and Trade Street Residential, Inc. (Trade Street) (NASDAQ: TSRE) jointly announced that IRT and TSRE have signed a definitive merger agreement pursuant to which IRT has agreed to acquire all of the outstanding common stock of Trade Street for a mix of cash and stock, creating a leading, regional market focused, multifamily REIT.
Under the terms of the definitive merger agreement, IRT will pay each Trade Street stockholder $3.80 in cash and 0.4108 of newly issued IRT common stock, subject to adjustment as... More
