EPR Properties (NYSE:EPR) Price Target Raised to $51.00

EPR Properties (NYSE:EPR) had its price target upped by equities research analysts at Truist Financial from $46.00 to $51.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target suggests a potential downside of 2.31% from the company’s current price.

A number of other research analysts have also recently weighed in on EPR. Wells Fargo & Company raised their price target on EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Monday, March 10th. Royal Bank of Canada lifted their price objective on EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, Stifel Nicolaus lifted their price objective on EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.75.

EPR Properties Price Performance

Shares of EPR stock traded up $0.26 during mid-day trading on Tuesday, reaching $52.20. The stock had a trading volume of 27,853 shares, compared to its average volume of 699,629. EPR Properties has a 12-month low of $39.65 and a 12-month high of $54.25. The company has a market cap of $3.97 billion, a P/E ratio of 22.60 and a beta of 1.72. The business has a 50-day simple moving average of $48.67 and a 200 day simple moving average of $47.15. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.56. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. The business had revenue of $149.12 million during the quarter, compared to analysts’ expectations of $161.25 million. On average, sell-side analysts anticipate that EPR Properties will post 4.65 earnings per share for the current year.

Insiders Place Their Bets

In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 3,900 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $54.02, for a total value of $210,678.00. Following the sale, the senior vice president now directly owns 8,216 shares of the company’s stock, valued at approximately $443,828.32. This trade represents a 32.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.13% of the stock is owned by corporate insiders.

Institutional Trading of EPR Properties

A number of hedge funds have recently added to or reduced their stakes in EPR. Wealthfront Advisers LLC acquired a new position in shares of EPR Properties in the 4th quarter valued at about $302,313,000. Norges Bank acquired a new position in shares of EPR Properties in the 4th quarter valued at about $41,148,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of EPR Properties by 304.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,621 shares of the real estate investment trust’s stock valued at $22,442,000 after purchasing an additional 344,544 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of EPR Properties by 44.6% in the 4th quarter. American Century Companies Inc. now owns 1,085,947 shares of the real estate investment trust’s stock valued at $48,086,000 after purchasing an additional 334,943 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of EPR Properties in the 4th quarter valued at about $13,145,000. 74.66% of the stock is owned by institutional investors and hedge funds.

About EPR Properties

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.