EPR Properties (NYSE:EPR) Price Target Raised to $65.00

EPR Properties (NYSE:EPR) had its price target upped by stock analysts at Truist Financial from $61.00 to $65.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial‘s target price indicates a potential upside of 9.12% from the stock’s previous close.

A number of other brokerages also recently issued reports on EPR. JPMorgan Chase & Co. boosted their price objective on shares of EPR Properties from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Huntington started coverage on EPR Properties in a research report on Wednesday, July 15th. They set an “outperform” rating and a $65.00 price objective for the company. Citigroup cut their target price on shares of EPR Properties from $65.00 to $63.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on EPR Properties from $61.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $65.00 price target on shares of EPR Properties in a report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, EPR Properties currently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

EPR Properties Stock Down 0.4%

Shares of EPR stock traded down $0.22 during mid-day trading on Friday, hitting $59.57. The company’s stock had a trading volume of 165,207 shares, compared to its average volume of 790,839. EPR Properties has a 52-week low of $48.36 and a 52-week high of $64.97. The business has a 50-day moving average price of $57.23 and a 200 day moving average price of $57.46. The company has a debt-to-equity ratio of 1.43, a quick ratio of 8.42 and a current ratio of 8.42. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 2.28 and a beta of 1.05.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, October 28th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.39. EPR Properties had a net margin of 38.83% and a return on equity of 12.78%. The firm had revenue of $204.10 million for the quarter, compared to the consensus estimate of $169.74 million. During the same quarter last year, the firm posted $1.37 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts predict that EPR Properties will post 5.38 EPS for the current fiscal year.

Insider Activity

In other news, SVP Elizabeth Grace sold 4,200 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $60.57, for a total transaction of $254,394.00. Following the transaction, the senior vice president directly owned 22,427 shares of the company’s stock, valued at approximately $1,358,403.39. This represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EPR Properties

A number of institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP grew its position in shares of EPR Properties by 158.7% during the second quarter. Corient Private Wealth LP now owns 160,736 shares of the real estate investment trust’s stock worth $9,325,000 after acquiring an additional 98,602 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of EPR Properties in the second quarter valued at about $4,736,000. California State Teachers Retirement System increased its position in EPR Properties by 27.9% during the 1st quarter. California State Teachers Retirement System now owns 92,688 shares of the real estate investment trust’s stock worth $4,631,000 after purchasing an additional 20,198 shares during the period. Diversify Wealth Management LLC acquired a new position in EPR Properties during the first quarter worth $1,137,000. Finally, Sei Investments Co. increased its holdings in shares of EPR Properties by 97.3% in the 1st quarter. Sei Investments Co. now owns 95,095 shares of the real estate investment trust’s stock valued at $4,752,000 after purchasing an additional 46,893 shares in the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

About EPR Properties

EPR Properties (NYSE:EPR) is a specialty real estate investment trust that owns and leases experiential real estate. The company focuses on properties designed for entertainment, recreation and leisure activities, including movie theaters, ski resorts, waterparks, attractions, fitness and wellness facilities, and other destination-based venues.

EPR generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, taxes and insurance.