Truist Financial Issues Positive Forecast for EPR Properties (NYSE:EPR) Stock Price

EPR Properties (NYSE:EPR) had its price objective increased by Truist Financial from $61.00 to $65.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on EPR. Citigroup cut their price target on EPR Properties from $65.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Raymond James Financial reaffirmed an “outperform” rating and set a $65.00 target price on shares of EPR Properties in a research report on Thursday, August 13th. Huntington initiated coverage on EPR Properties in a research report on Wednesday, July 15th. They set an “outperform” rating and a $65.00 target price on the stock. Stifel Nicolaus cut their target price on EPR Properties from $70.50 to $67.50 and set a “buy” rating on the stock in a report on Thursday, October 29th. Finally, Wells Fargo & Company reduced their price target on shares of EPR Properties from $61.00 to $56.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

EPR Properties Stock Down 0.4%

EPR traded down $0.22 during midday trading on Friday, hitting $59.57. The company had a trading volume of 641,415 shares, compared to its average volume of 829,150. EPR Properties has a 52 week low of $48.36 and a 52 week high of $64.97. The company has a quick ratio of 8.42, a current ratio of 8.42 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 2.30 and a beta of 1.05. The stock’s 50 day moving average price is $57.23 and its 200 day moving average price is $57.48.

EPR Properties (NYSE:EPR) last released its quarterly earnings data on Wednesday, October 28th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.39. The company had revenue of $204.10 million for the quarter, compared to analysts’ expectations 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 was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. On average, research analysts anticipate that EPR Properties will post 5.38 earnings per share for the current fiscal year.

EPR Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders 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 annualized dividend and a dividend yield of 6.2%. EPR Properties’s dividend payout ratio is 105.08%.

Insider Buying and Selling at EPR Properties

In related news, SVP Elizabeth Grace sold 4,200 shares of EPR Properties 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 transaction, the senior vice president owned 22,427 shares of the company’s stock, valued at $1,358,403.39. The trade was a 15.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EPR Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP grew its stake in shares of EPR Properties by 158.7% in the 2nd 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 in 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 lifted its position in shares of EPR Properties by 27.9% during the first quarter. California State Teachers Retirement System now owns 92,688 shares of the real estate investment trust’s stock valued at $4,631,000 after purchasing an additional 20,198 shares in the last quarter. Sei Investments Co. lifted its holdings in EPR Properties by 97.3% during the first quarter. Sei Investments Co. now owns 95,095 shares of the real estate investment trust’s stock worth $4,752,000 after acquiring an additional 46,893 shares during the period. Finally, Diversify Wealth Management LLC purchased a new position in shares of EPR Properties in the 1st quarter worth about $1,137,000. 74.66% of the stock is owned by hedge funds and other institutional investors.

EPR Properties Company Profile

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.