EPR Properties (NYSE:EPR) PT Lowered to $50.00 at Truist Financial

EPR Properties (NYSE:EPRGet Rating) had its price target reduced by Truist Financial from $51.00 to $50.00 in a research note published on Tuesday, The Fly reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. Raymond James boosted their price target on EPR Properties from $62.00 to $64.00 and gave the company a strong-buy rating in a research note on Friday, March 11th. Stifel Nicolaus boosted their price target on EPR Properties from $56.00 to $56.50 and gave the company a hold rating in a research note on Wednesday, February 23rd. StockNews.com upgraded EPR Properties from a hold rating to a buy rating in a report on Tuesday, June 14th. Finally, Royal Bank of Canada boosted their price objective on EPR Properties from $54.00 to $55.00 and gave the company a sector perform rating in a report on Tuesday, March 15th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $56.70.

EPR Properties stock opened at $45.99 on Tuesday. The stock’s 50 day moving average is $50.60 and its 200 day moving average is $49.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 8.14 and a quick ratio of 8.14. The firm has a market cap of $3.45 billion, a P/E ratio of 30.46, a P/E/G ratio of 0.80 and a beta of 1.60. EPR Properties has a one year low of $41.14 and a one year high of $56.38.

EPR Properties (NYSE:EPRGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.55). EPR Properties had a net margin of 23.80% and a return on equity of 5.23%. The business had revenue of $157.47 million during the quarter, compared to analyst estimates of $145.54 million. During the same period last year, the firm posted $0.52 earnings per share. EPR Properties’s quarterly revenue was up 40.9% compared to the same quarter last year. Equities analysts anticipate that EPR Properties will post 4.55 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $3.30 annualized dividend and a yield of 7.18%. EPR Properties’s dividend payout ratio (DPR) is currently 218.54%.

In related news, CFO Mark Alan Peterson sold 4,543 shares of the company’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $55.02, for a total transaction of $249,955.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.78% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in EPR Properties by 1.1% during the first quarter. Vanguard Group Inc. now owns 11,230,223 shares of the real estate investment trust’s stock worth $614,406,000 after buying an additional 126,217 shares in the last quarter. State Street Corp boosted its position in EPR Properties by 14.6% in the first quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock worth $226,203,000 after purchasing an additional 523,061 shares during the last quarter. Prudential Financial Inc. boosted its position in EPR Properties by 24.5% in the first quarter. Prudential Financial Inc. now owns 1,708,349 shares of the real estate investment trust’s stock worth $93,463,000 after purchasing an additional 336,729 shares during the last quarter. Bank of New York Mellon Corp boosted its position in EPR Properties by 51.0% in the first quarter. Bank of New York Mellon Corp now owns 1,570,152 shares of the real estate investment trust’s stock worth $85,901,000 after purchasing an additional 530,082 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position in EPR Properties by 70.9% in the fourth quarter. Centersquare Investment Management LLC now owns 1,248,376 shares of the real estate investment trust’s stock worth $59,286,000 after purchasing an additional 517,735 shares during the last quarter. Institutional investors and hedge funds own 78.44% of the company’s stock.

About EPR Properties (Get Rating)

EPR Properties is a leading 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 which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.

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