Friday's Winners & Losers: Education Realty

Shares of H&R Block(HRB Quote) were among the NYSE's losers Friday, shedding 9% after the tax-preparation and financial services company said that it would record an after-tax charge of $61.3 million, or 19 cents a share, to cover losses in its mortgage unit.

The provision, which relates to H&R's Option One Mortgage unit, will include $46.1 million related to loans during the quarter ended July 31 and $56 million related to loans sold during earlier quarters. "The increased level of loan repurchases, which have been noted industrywide, are primarily due to a higher level of repurchase requests from loan buyers and an increase in early payment delinquencies," the company said. Analysts polled by Thomson First Call project a first-quarter loss of 19 cents a share. Shares were recently trading down $2.11 to $20.68.

Education Realty Trust(EDR Quote) slid 11% after the real estate investment trust cut its full-year funds from operations forecast. The company now sees FFO of 87 cents to 92 cents a share, down from an earlier forecast of 97 cents to $1.02 a share. Analysts surveyed by Thomson First Call project FFO of $1 a share. The REIT expects total revenue to exceed $112 million. ...