EPR Properties (NYSE:EPR) Stock Gets Price Target Reduction from Citigroup

EPR Properties (NYSE:EPR) had its price objective cut by Citigroup from $65.00 to $63.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also weighed in on EPR. JPMorgan Chase & Co. upped their price target on EPR Properties from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Huntington assumed coverage on EPR Properties in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $65.00 price objective for the company. Raymond James Financial restated an “outperform” rating and set a $65.00 price objective on shares of EPR Properties in a research report on Thursday, August 13th. Wells Fargo & Company lowered their target price on EPR Properties from $61.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Finally, Royal Bank Of Canada upped their target price on EPR Properties from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.14.

EPR Properties Trading Up 2.3%

EPR Properties stock opened at $60.84 on Monday. The company has a 50 day moving average price of $57.24 and a 200 day moving average price of $57.44. EPR Properties has a 52 week low of $48.36 and a 52 week high of $64.97. The company has a debt-to-equity ratio of 1.43, a quick ratio of 8.42 and a current ratio of 8.42. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 2.23 and a beta of 1.05.

EPR Properties (NYSE:EPR) last posted its quarterly earnings data on Wednesday, October 28th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.39. EPR Properties had a net margin of 38.83% and a return on equity of 12.78%. The firm had revenue of $204.10 million for the quarter, compared to analysts’ expectations of $169.74 million. During the same period in the previous year, the company posted $1.37 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that EPR Properties will post 5.38 EPS for the current year.

EPR Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.31 per share. This represents a $3.72 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Monday, November 30th. EPR Properties’s dividend payout ratio (DPR) is currently 105.08%.

Insider Transactions at EPR Properties

In related news, SVP Elizabeth Grace sold 4,200 shares of EPR Properties stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $60.57, for a total transaction of $254,394.00. Following the completion of the sale, the senior vice president owned 22,427 shares of the company’s stock, valued at approximately $1,358,403.39. This trade represents a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EPR. Arizona State Retirement System grew its holdings in EPR Properties by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 21,110 shares of the real estate investment trust’s stock valued at $1,225,000 after buying an additional 196 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of EPR Properties by 0.4% during the third quarter. North Star Investment Management Corp. now owns 53,701 shares of the real estate investment trust’s stock worth $3,014,000 after buying an additional 201 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of EPR Properties by 10.0% during the third quarter. GAMMA Investing LLC now owns 2,434 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 222 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of EPR Properties by 5.0% during the second quarter. Waverly Advisors LLC now owns 4,733 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 227 shares during the last quarter. Finally, Hohimer Wealth Management LLC boosted its position in shares of EPR Properties by 5.6% in the third quarter. Hohimer Wealth Management LLC now owns 4,531 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 241 shares during the period. 74.66% of the stock is owned by institutional investors and hedge funds.

About EPR Properties

EPR Properties (NYSE:EPR) is a specialty real estate investment trust that owns and leases experiential real estate. The company focuses on properties designed for entertainment, recreation and leisure activities, including movie theaters, ski resorts, waterparks, attractions, fitness and wellness facilities, and other destination-based venues.

EPR generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, taxes and insurance.