BidaskClub upgraded shares of EPR Properties (NYSE:EPR) from a sell rating to a hold rating in a research note released on Saturday.
EPR has been the topic of several other reports. Ladenburg Thalmann Financial Services reiterated a hold rating on shares of EPR Properties in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of EPR Properties from a hold rating to a buy rating and set a $81.00 target price on the stock in a research report on Wednesday, August 2nd. ValuEngine lowered shares of EPR Properties from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, KeyCorp reiterated a buy rating and set a $80.00 target price on shares of EPR Properties in a research report on Friday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $79.80.
Shares of EPR Properties (NYSE:EPR) traded up 1.47% during trading on Friday, reaching $69.15. The company had a trading volume of 669,356 shares. EPR Properties has a 52-week low of $65.50 and a 52-week high of $81.00. The stock has a 50 day moving average of $70.23 and a 200 day moving average of $72.49. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 20.25 and a beta of 0.57.
EPR Properties (NYSE:EPR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. EPR Properties had a net margin of 46.90% and a return on equity of 10.51%. The business had revenue of $147.80 million for the quarter, compared to analyst estimates of $138.07 million. During the same period in the previous year, the business earned $1.17 EPS. The firm’s revenue was up 25.3% on a year-over-year basis. Equities research analysts forecast that EPR Properties will post $3.38 EPS for the current year.
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The company also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.34 per share. This represents a yield of 6.06%. The ex-dividend date is Tuesday, August 29th. EPR Properties’s dividend payout ratio is currently 120.00%.
In related news, Director Peter C. Brown sold 7,907 shares of EPR Properties stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $71.49, for a total transaction of $565,271.43. Following the completion of the transaction, the director now directly owns 4,578 shares of the company’s stock, valued at approximately $327,281.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in EPR. Vanguard Group Inc. increased its position in shares of EPR Properties by 4.4% in the second quarter. Vanguard Group Inc. now owns 10,791,750 shares of the real estate investment trust’s stock valued at $775,604,000 after buying an additional 454,716 shares in the last quarter. BlackRock Inc. increased its position in shares of EPR Properties by 1.1% in the second quarter. BlackRock Inc. now owns 7,298,677 shares of the real estate investment trust’s stock valued at $524,555,000 after buying an additional 78,416 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of EPR Properties by 22.9% in the second quarter. Principal Financial Group Inc. now owns 3,849,777 shares of the real estate investment trust’s stock valued at $276,684,000 after buying an additional 718,310 shares in the last quarter. State Street Corp increased its position in shares of EPR Properties by 0.6% in the second quarter. State Street Corp now owns 2,125,915 shares of the real estate investment trust’s stock valued at $152,787,000 after buying an additional 12,552 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. increased its position in shares of EPR Properties by 69.5% in the second quarter. Uniplan Investment Counsel Inc. now owns 1,730,593 shares of the real estate investment trust’s stock valued at $74,769,000 after buying an additional 709,368 shares in the last quarter. 81.23% of the stock is owned by hedge funds and other 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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