EPR Properties (NYSE:EPR) Stock Has Average Price Target of $65.14 According to Brokerages

EPR Properties (NYSE:EPR) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $65.50.

EPR has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on EPR Properties from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. KeyCorp upgraded EPR Properties from a “sector weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a research note on Wednesday, August 19th. Wells Fargo & Company decreased their target price on EPR Properties from $61.00 to $56.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of EPR Properties in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus decreased their target price on shares of EPR Properties from $70.50 to $67.50 and set a “buy” rating for the company in a research report on Thursday, October 29th.

EPR Properties Trading Down 0.7%

Shares of EPR Properties stock opened at $58.97 on Friday. The firm’s 50 day simple moving average is $57.30 and its two-hundred day simple moving average is $57.60. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 2.22 and a beta of 1.05. EPR Properties has a 12-month low of $48.36 and a 12-month high of $64.97. The company has a current ratio of 8.42, a quick ratio of 8.42 and a debt-to-equity ratio of 1.43.

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

EPR Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $3.72 dividend on an annualized basis and a yield of 6.3%. EPR Properties’s dividend payout ratio (DPR) is currently 105.08%.

Insider Activity

In other EPR Properties news, SVP Elizabeth Grace sold 4,200 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 22,427 shares in the company, valued at approximately $1,358,403.39. The trade was a 15.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 company insiders.

Hedge Funds Weigh In On EPR Properties

Institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its position in shares of EPR Properties by 123.7% during the third quarter. Private Advisor Group LLC now owns 20,625 shares of the real estate investment trust’s stock worth $1,158,000 after buying an additional 11,406 shares during the period. Voya Investment Management LLC lifted its stake in EPR Properties by 6.1% during the 3rd quarter. Voya Investment Management LLC now owns 75,809 shares of the real estate investment trust’s stock worth $4,255,000 after acquiring an additional 4,358 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in EPR Properties by 79.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 407,575 shares of the real estate investment trust’s stock valued at $22,343,000 after acquiring an additional 180,245 shares during the period. Global Retirement Partners LLC grew its position in EPR Properties by 102.1% in the 3rd quarter. Global Retirement Partners LLC now owns 3,472 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,754 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in EPR Properties in the 3rd quarter valued at about $3,948,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Recent EPR Properties Headlines

Here are a few of the latest headlines about EPR:

• Positive Sentiment: EPR said it plans share repurchases alongside the financing, which could help offset dilution from the convertible notes. EPR Properties prices notes with share repurchases planned
• Neutral Sentiment: A recent income-investor article highlighted EPR’s reported 6.2% yield and its portfolio of entertainment properties, including casinos, amusement parks and cinemas. The article’s focus is on the income case rather than a new operating development. With A Yield Of 6.2%, Is It Time To Buy This Entertainment REIT?
• Negative Sentiment: EPR priced $500 million of 4.5% convertible senior notes due 2032. The financing adds an interest obligation and could dilute existing shareholders if the notes convert; those concerns may pressure the stock, although the planned repurchases could provide a partial offset. EPR Properties Prices $500.0 Million Convertible Senior Notes Offering

About EPR Properties

EPR Properties is a real estate investment trust focused on experiential properties—places where people gather for recreation, entertainment and education. The company invests in and leases properties to operators, generally through long-term agreements. Its portfolio includes movie theaters, amusement and water parks, ski resorts, golf and other entertainment venues, and educational facilities such as private schools and early childhood education centers. EPR groups its investments into entertainment, recreation and education categories.