EPR Properties (EPR) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of EPR Properties (NYSE:EPR) from a hold rating to a sell rating in a report released on Thursday.

According to Zacks, “EPR Properties is specialty real estate investment trust that invests in three primary segments: Entertainment, Recreation and Education. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. EPR Properties is based in Kansas City, Missouri. “

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EPR has been the subject of several other research reports. Ladenburg Thalmann Financial Services set a $72.00 price objective on EPR Properties and gave the stock a buy rating in a research report on Monday, February 5th. Citigroup cut their price objective on EPR Properties from $70.00 to $60.00 and set a neutral rating for the company in a research report on Tuesday, March 13th. JPMorgan Chase cut EPR Properties from a neutral rating to an underweight rating in a research report on Friday, December 15th. ValuEngine cut EPR Properties from a buy rating to a hold rating in a research report on Friday, February 2nd. Finally, SunTrust Banks assumed coverage on EPR Properties in a research report on Tuesday, December 19th. They issued a hold rating and a $69.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. EPR Properties has a consensus rating of Hold and a consensus target price of $68.44.

NYSE:EPR traded up $0.50 during trading hours on Thursday, hitting $56.50. The company’s stock had a trading volume of 323,609 shares, compared to its average volume of 637,524. The stock has a market capitalization of $4,098.58, a price-to-earnings ratio of 11.24, a PEG ratio of 2.94 and a beta of 0.45. The company has a debt-to-equity ratio of 1.03, a quick ratio of 8.20 and a current ratio of 8.20. EPR Properties has a 52-week low of $51.87 and a 52-week high of $76.90.

EPR Properties (NYSE:EPR) last released its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.70). The business had revenue of $147.70 million during the quarter, compared to analysts’ expectations of $151.87 million. EPR Properties had a return on equity of 9.60% and a net margin of 45.65%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. analysts predict that EPR Properties will post 5.31 EPS for the current year.

The company also recently declared a mar 18 dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a $0.36 dividend. This represents a dividend yield of 7.67%. The ex-dividend date of this dividend is Wednesday, March 28th. EPR Properties’s dividend payout ratio is currently 86.06%.

In other news, SVP Craig L. Evans sold 14,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $60.03, for a total value of $840,420.00. Following the completion of the transaction, the senior vice president now owns 38,384 shares in the company, valued at $2,304,191.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. increased its position in shares of EPR Properties by 102.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,308 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,169 shares in the last quarter. Lourd Capital LLC purchased a new stake in EPR Properties during the 4th quarter worth about $203,000. Vident Investment Advisory LLC purchased a new stake in EPR Properties during the 3rd quarter worth about $249,000. Lake Street Advisors Group LLC purchased a new stake in EPR Properties during the 4th quarter worth about $291,000. Finally, West Family Investments Inc. purchased a new stake in EPR Properties during the 4th quarter worth about $298,000. Institutional investors and hedge funds own 88.56% of the company’s stock.

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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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