EdR Announces Pricing of Upsized Common Stock Offering

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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