41.46 0.00 (0.00%)
After hours: 4:37PM EDT
|Bid||33.50 x 100|
|Ask||0.00 x 1800|
|Day's Range||41.40 - 41.54|
|52 Week Range||30.07 - 43.30|
|PE Ratio (TTM)||44.82|
|Forward Dividend & Yield||1.56 (3.73%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") affirmed Greystar Real Estate Partners, LLC's ("Greystar") ratings, including the B1 corporate family rating, following Greystar's announcement last week that it agreed to acquire student housing REIT Education Realty Trust, Inc. (EDR) through a fund and a joint venture in an all-cash transaction valued at approximately $4.6 billion. Concurrently, Moody's assigned a B1-PD probability of default rating and LGD assessment has concurrently been attached to the rated debt.
What EdR's multibillion-dollar deal means for Memphis, employees and the company's future prospects.
The transaction is expected to close in the second half of 2018 and Greystar's affiliated funds will be the surviving entity. EDR Trust (collectively Education Realty Operating Partnership, LP and Education Realty Trust, Inc.) is one of the leading REITs dedicated to the ownership, development and management of purpose-built, student housing in the U.S. As of March 31, 2018, EDR onwned or managed 79 communities with more than 42,300 beds serving 50 universities communities in 25 states.
This article is intended for those of you who are at the beginning of your investing journey and looking to gauge the potential return on investment in Education Realty TrustRead More...
Education Realty's (EDR) merger agreement with Greystar Student Housing Growth and Income Fund will enable it to offer higher return to shareholders of the former.
Education Realty Trust Inc., a college-housing real-estate investment trust, said it is selling itself to a Greystar Real Estate Partners affiliate for $41.50 a share in cash. Monday’s announcement confirms a report in The Wall Street Journal earlier this month that said Greystar was looking at buying the firm and had offered that price. Based on the company’s number of shares outstanding and the per-share price that Greystar has offered, the deal comes out to about $3.15 billion.
(Reuters) - Education Realty Trust Inc (EDR.N), a developer of student housing, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt. ...
Education Realty Trust Inc, a developer of student housing, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt. Education Realty ...
"You’ve heard us say many times that our stock was trading at a significant discount, so it was a great value."
Among the companies with shares expected to trade actively in Monday's session are Nvidia, Harley-Davidson, General Electric, Apple and AT&T.
A Memphis-based public company is set to be acquired as part of a $4.6 billion, all-cash deal. EdR — developer, owner and manager of collegiate housing — announced Monday, June 25, it has entered into a definitive agreement to be acquired by Greystar Student Housing Growth and Income Fund LP (GEdR). According to the release, Greystar is a newly formed perpetual-life fund and is an affiliate of Greystar Real Estate Partners.
U.S. stock index futures fell on Monday as growing trade tensions between the United States and China kept investors on edge, with the latest threat involving a check on Chinese investments in U.S. technology firms. The S&P 500 mini futures dropped 0.5 percent after a government official, with knowledge of the matter, said the U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with "industrially significant technology". Chipmakers and U.S.-listed Chinese companies were among the most traded stocks in early premarket trading on Monday.
MARKET PULSE Education Realty Trust, Inc. (edr) , a developer of college housing, said Monday it has entered into a definitive merger agreement to be bought by the newly formed Greystar Student Housing Growth and Income Fund, LP, in an all-cash deal valued at around $4.
(Reuters) - Education Realty Trust Inc, a developer of student housing, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion (£3.4 billion), including ...
American Campus Communities, Inc. (NYSE: ACC ) is poised to gain market share within the "defensive" REIT space, according to Bank of America Merrill Lynch. The Analyst Analyst Juan Sanabria ...
Greystar Real Estate Partners LLC is in exclusive talks to buy student-housing owner Education Realty Trust Inc. for about $3.1 billion, according to people familiar with the matter. Closely held Greystar offered $41.50 a share for Education Realty, although it is possible that price could change between now and announcement, which is expected later this week. At least one other group is still seeking to seal a purchase of EDR, as Education Realty is also known.
Greystar Real Estate Partners is in exclusive discussions to buy Education Realty Trust Inc, owner of collegiate housing communities, for about $3.1 billion, the Wall Street Journal reported https://on.wsj.com/2l9cGpn on Wednesday, citing people familiar with the matter. Greystar, which operates apartments in the United States, has offered $41.50 a share for Education Realty, the Journal reported, adding that the deal is expected to be announced later this week. Education Realty's shares rose 1.5 percent at $40.69.
Shares of Education Realty Trust Inc. swung sharply to a gain of 1.7% in afternoon trade Wednesday, after The Wall Street Journal reported that it was in talks to be acquired by Greystar in a deal that could value the real estate investment trust at about $3.15 billion. Just prior to the WSJ report, Education Realty's stock was down about 1.5%. Greystar has offered to buy Education Realty for $41.50 a share, the WSJ report said, which is 3.5% above Tuesday's closing price of $40.09.
Student-housing owner Education Realty Trust Inc. is exploring a potential sale, according to people familiar with the matter. The real-estate investment trust is speaking with private-equity firms about a possible take-private transaction, the people said. On Friday, its shares traded up 3.8% to $37.94 after The Wall Street Journal reported on the talks.
One of the more notable macro trends working against the REIT company is the fact that the college age population of 18 to 24 has been falling since 2015 and is modeled to decline through 2020, Rosivach said in a note. Granted, a direct correlation between the population trend and Education Realty's stock performance is "unclear," the fact is recent financial performance suggests a correlation can be made.