EdR Announces First Quarter 2017 Results
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May 2, 2017 10:03 AM EDT
Canaccord Genuity lowered its price target on Education Realty Trust (NYSE: EDR) to $42.00 (from $43.00) while maintaining a Hold rating. EDR reported 1Q FFO of $0.60, coming in ahead of the consensus estimate of $0.56. The beat was driven by non-same-store revenues, interest expense and... More
May 1, 2017 7:02 AM EDT
Education Realty Trust (NYSE: EDR) reported Q1 EPS of $0.21, $0.02 worse than the analyst estimate of $0.23.
Net income attributable to common stockholders of $16.2 million, or $0.21 per diluted share, as compared to $16.7 million, or $0.26 per diluted share, for the first quarter of 2016;Operating income declined $1.8 million to $18.4 million on a 16.9% increase in revenue offset by a 26.7% increase in operating expenses, mainly driven by...
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