Financial Companies Report Quarterly Results, Letter to the President, and Announcements - Research Report on Post Properties, Manulife, eHealth, EdR, and Pebblebrook Hotel Trust
NEW YORK, November 4, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Post Properties Inc. (NYSE: PPS), Manulife Financial Corporation (NYSE: MFC), eHealth, Inc. (NASDAQ: EHTH), Education Realty Trust Inc. (NYSE: EDR), and Pebblebrook Hotel Trust (NYSE: PEB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Post Properties Inc. Research Report
On October 28, 2013, Post Properties Inc. (Post Properties) released its Q3 2013 financial results. Total revenues were up by 9.6% YoY to $93.4 million during the quarter. Net income available to common shareholders was $18.1 million or $0.33 per diluted share, compared to $21.3 million or $0.39 per diluted share in Q3 2012. The Company's current revenue outlook is 3.80% to 4.00%, compared to the previously issued outlook of 4.25% to 4.75%. Dave Stockert, CEO of Post Properties, stated, "In the third quarter, and through the first nine months of this year, we've been able to grow core funds from operations by at least 10 percent. This quarter, we also realized excellent pricing on the sale of one of our oldest apartment communities - evidence of the consistent high quality and desirability of Post's apartment assets." The Full Research Report on Post Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f118_PPS]
Manulife Financial Corporation Research Report
On October 30, 2013, Manulife Mutual Funds, a division of Manulife Asset Management Limited - the investment management arm of Manulife Financial Corporation, reported that it will cap all new and additional purchases into the Manulife Global Small Cap Fund and Manulife Global Small Cap Balanced Fund and close purchases to be USD purchase option for each class of units offered by Manulife Floating Rate Income Fund effective November 8, 2013. According to Derek Saliba, Assistant Vice President of Manulife Mutual Funds, "We recognize that Mawer's blue chip small cap strategy invests in a capacity-constrained environment and that the decision to cap further contributions is in the best interest of investors. Investors will continue to have access to the Mawer investment approach through Manulife Mutual Funds in other asset classes including, Manulife U.S. Equity Fund, Manulife World Investment Fund/Class, Manulife Global Equity Class, Manulife Canadian Bond Fund, and the new Manulife Global Balanced Fund." The Full Research Report on Manulife Financial Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/4d24_MFC]
eHealth, Inc. Research Report
On October 30, 2013, eHealth, Inc. (eHealth) reported that its CEO, Gary Lauer, offered his company to help "fix" the current problems experienced by the federal exchange, through a letter to President Obama. eHealth further informed that in his letter to the president, he wrote that "We are ready to help you get this program back on track promptly, with the cooperation of the federal exchange, if you allow us to take over the shopping and enrollment process in all 36 federal exchange states -- without cost to the taxpayer. While your staff is working hard to repair Healthcare.gov, with your support, we can be the stopgap that is needed." He continued, "Last year, eHealth had 20 million visitors to our website from across the nation, a substantial number of whom were between the vital ages of 18 and 34. Our website operates at the highest levels of Internet consumer availability and reliability." The Full Research Report on eHealth, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/667c_EHTH]
Education Realty Trust Inc. Research Report
On October 28, 2013, Education Realty Trust Inc. (EdR) released its Q3 2013 financial results. Total revenues were up by 34.5% YoY to $44.2 million during the quarter. EdR's net loss attributable to common shareholders was $4.5 million or $0.04 per diluted share, compared to $0.5 million or approximately $0.01 per diluted share in Q3 2012. Commenting on the release, Randy Churchey, EdR's President and CEO stated, "Moving forward, our focus remains on completing our nearly $400 million of active development and presale opportunities while maintaining a well-capitalized balance sheet. These external growth opportunities will increase our gross assets by 18%, which when combined with the strong same-community revenue growth we achieved this lease term will provide great growth for the Company." The Full Research Report on Education Realty Trust Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/d06b_EDR]
Pebblebrook Hotel Trust Research Report
On October 24, 2013, Pebblebrook Hotel Trust (Pebblebrook Hotel Trust) released its Q3 2013 financial results. Total revenues were up by 25.8% YoY to $131.2 million during the quarter. Net income attributable to common shareholders was $11.3 million or $0.18 per diluted share in Q3 2013, compared to $7.5 million or $0.13 per diluted share in Q3 2012. Jon E. Bortz, Chairman, President and CEO of Pebblebrook Hotel Trust, stated, "We're very pleased with the performance of our portfolio during the third quarter, despite economic and political headwinds, as we continued to outperform the hotel industry. Our properties located on the west coast, primarily in San Francisco, Seattle and Portland, led the portfolio's performance." The Full Research Report on Pebblebrook Hotel Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/7c5d_PEB]
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SOURCE Analysts' Corner
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