EdR Announces Offering of 6.5 Million Shares of Common Stock

Go back to EdR Announces Offering of 6.5 Million Shares of Common Stock

UBS Reiterates Sell on Education Realty Trust (EDR) Following Announced Equity Deal

November 3, 2015 8:51 AM EST

UBS reiterated a Sell rating on Education Realty Trust (NYSE: EDR), and raised the price target to $32.00 (from $30.00), following the company's 3Q15 earnings results. 3Q15 Core FFO of $0.30 beat the consensus of $0.27. EDR lifted 2015 core guidance to $1.82-$1.85 (from $1.74-$1.82), which includes the impact of a 6.5m share follow-on... More

Education Realty Trust (EDR) Tops Q3 FFO by 3c/Share

November 2, 2015 6:37 AM EST

Education Realty Trust (NYSE: EDR) reported Q3 core FFO of $0.30, $0.03 better than the analyst estimate of $0.27. Revenue for the quarter came in at $58.2 million versus the consensus estimate of $54.81 million.

Education Realty Trust sees FY2015 EPS of $1.82-$1.85, versus the consensus of $1.80.

For... More

Education Realty Trust (EDR) Announces 6.5M Share Common Stock Offering

November 2, 2015 6:22 AM EST

Education Realty Trust (NYSE: EDR) announced that it plans to sell 6.5 million shares of its common stock in an underwritten public offering. The company also plans to grant the underwriters a 30-day option to purchase up to 975,000 additional shares of common stock. BofA... More