EPR Properties (NYSE:EPR) Price Target Raised to $53.00

EPR Properties (NYSE:EPR) had its price objective increased by Truist Financial from $51.00 to $53.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

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

EPR Properties Trading Up 1.4 %

Shares of EPR stock opened at $51.81 on Monday. EPR Properties has a twelve month low of $39.66 and a twelve month high of $54.25. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $49.58 and its two-hundred day moving average is $47.35. The company has a market capitalization of $3.94 billion, a P/E ratio of 22.43 and a beta of 1.72.

EPR Properties (NYSE:EPR) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The company had revenue of $149.12 million during the quarter, compared to the consensus estimate of $161.25 million. Equities analysts forecast that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.295 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.54 annualized dividend and a dividend yield of 6.83%. EPR Properties’s dividend payout ratio is currently 221.25%.

Insider Buying and Selling

In related news, CAO Tonya L. Mater sold 3,120 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the transaction, the chief accounting officer now owns 46,827 shares of the company’s stock, valued at approximately $2,430,321.30. The trade was a 6.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the sale, the senior vice president now directly owns 15,299 shares in the company, valued at $795,395.01. This represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,520 shares of company stock worth $502,581 in the last ninety days. Insiders own 2.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its position in shares of EPR Properties by 3.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,271 shares of the real estate investment trust’s stock valued at $676,000 after purchasing an additional 450 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in EPR Properties in the 4th quarter valued at about $4,412,000. AlphaCore Capital LLC acquired a new position in shares of EPR Properties during the 4th quarter valued at about $410,000. Formidable Asset Management LLC purchased a new position in shares of EPR Properties during the 4th quarter worth about $425,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of EPR Properties in the fourth quarter worth approximately $61,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.

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.