EPR Properties (NYSE:EPR) – Stock analysts at KeyCorp boosted their FY2019 earnings per share estimates for EPR Properties in a note issued to investors on Thursday, April 11th. KeyCorp analyst C. Mailman now expects that the real estate investment trust will earn $5.45 per share for the year, up from their previous estimate of $5.36. KeyCorp also issued estimates for EPR Properties’ FY2020 earnings at $5.63 EPS.
Several other research firms have also recently commented on EPR. Raymond James upped their price target on EPR Properties from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. ValuEngine upgraded EPR Properties from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Zacks Investment Research lowered EPR Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, JPMorgan Chase & Co. upgraded EPR Properties from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $72.75.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its position in EPR Properties by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 10,794,895 shares of the real estate investment trust’s stock worth $738,480,000 after acquiring an additional 212,539 shares during the last quarter. BlackRock Inc. grew its position in EPR Properties by 3.8% during the 4th quarter. BlackRock Inc. now owns 9,590,809 shares of the real estate investment trust’s stock worth $614,101,000 after acquiring an additional 350,783 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in EPR Properties by 6,303.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,873,518 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,844,258 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in EPR Properties by 46.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,785,935 shares of the real estate investment trust’s stock valued at $114,353,000 after buying an additional 570,031 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in EPR Properties by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,602 shares of the real estate investment trust’s stock valued at $74,250,000 after buying an additional 7,086 shares during the last quarter. Institutional investors and hedge funds own 84.66% of the company’s stock.
In related news, Director Robin Peppe Sterneck sold 860 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $72.60, for a total transaction of $62,436.00. Following the sale, the director now directly owns 1,882 shares in the company, valued at approximately $136,633.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael L. Hirons sold 8,128 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $74.97, for a total value of $609,356.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,563 shares of company stock worth $1,154,384. Corporate insiders own 1.36% of the company’s stock.
The business also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.375 dividend. The ex-dividend date was Thursday, March 28th. This represents a $4.50 annualized dividend and a dividend yield of 5.67%. EPR Properties’s dividend payout ratio is currently 73.77%.
About EPR Properties
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
See Also: Sell-Side Analysts
Receive News & Ratings for EPR Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPR Properties and related companies with MarketBeat.com's FREE daily email newsletter.