EPR Properties (NYSE:EPR) announced its earnings results on Thursday. The real estate investment trust reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05, Briefing.com reports. The firm had revenue of $147.80 million for the quarter, compared to the consensus estimate of $138.07 million. EPR Properties had a net margin of 46.90% and a return on equity of 11.34%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. EPR Properties updated its FY17 guidance to $5.05-$5.20 EPS.
Shares of EPR Properties (EPR) traded up 0.59% during mid-day trading on Friday, reaching $69.72. 890,425 shares of the company’s stock traded hands. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 22.14 and a beta of 0.57. EPR Properties has a 12 month low of $65.50 and a 12 month high of $82.78. The company has a 50 day moving average of $72.88 and a 200 day moving average of $73.19.
The business also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, July 27th. This represents a yield of 5.56%. EPR Properties’s dividend payout ratio (DPR) is currently 120.00%.
EPR has been the topic of several research analyst reports. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of EPR Properties in a report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of EPR Properties from a “hold” rating to a “sell” rating in a report on Monday, June 5th. BidaskClub downgraded shares of EPR Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, ValuEngine downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $79.80.
In other news, Director Robert J. Druten sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $70.30, for a total transaction of $632,700.00. Following the transaction, the director now directly owns 22,304 shares of the company’s stock, valued at $1,567,971.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter C. Brown sold 7,907 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $71.49, for a total value of $565,271.43. Following the transaction, the director now directly owns 4,578 shares in the company, valued at $327,281.22. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of EPR. Credit Suisse AG raised its position in shares of EPR Properties by 7.1% in the first quarter. Credit Suisse AG now owns 178,626 shares of the real estate investment trust’s stock worth $13,153,000 after buying an additional 11,833 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of EPR Properties by 14.1% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 36,978 shares of the real estate investment trust’s stock worth $2,723,000 after buying an additional 4,559 shares during the last quarter. BlackRock Inc. raised its position in shares of EPR Properties by 3,652.5% in the first quarter. BlackRock Inc. now owns 7,220,261 shares of the real estate investment trust’s stock worth $531,629,000 after buying an additional 7,027,848 shares during the last quarter. US Bancorp DE raised its position in shares of EPR Properties by 2.1% in the first quarter. US Bancorp DE now owns 37,656 shares of the real estate investment trust’s stock worth $2,772,000 after buying an additional 757 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of EPR Properties during the first quarter worth $201,000. 77.25% of the stock is currently owned by institutional investors.
About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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