EPR Properties (NYSE:EPR) Given New $51.00 Price Target at Truist Financial

EPR Properties (NYSE:EPR) had its target price increased by Truist Financial from $46.00 to $51.00 in a report published on Tuesday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on EPR. Royal Bank of Canada boosted their price objective on EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Stifel Nicolaus boosted their price objective on EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company boosted their price objective on EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EPR Properties has a consensus rating of “Hold” and an average price target of $50.75.

EPR Properties Stock Performance

Shares of NYSE:EPR opened at $51.80 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81. The business’s 50 day moving average price is $48.81 and its 200-day moving average price is $47.18. The firm has a market capitalization of $3.94 billion, a PE ratio of 22.42 and a beta of 1.72. EPR Properties has a 1 year low of $39.66 and a 1 year high of $54.25.

EPR Properties (NYSE:EPR) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.56. The firm had revenue of $149.12 million for the quarter, compared to analyst estimates of $161.25 million. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. As a group, equities research analysts expect that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.295 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.54 dividend on an annualized basis and a yield of 6.83%. This is an increase from EPR Properties’s previous monthly dividend of $0.29. EPR Properties’s payout ratio is currently 221.25%.

Insider Buying and Selling at EPR Properties

In related news, SVP Gwendolyn Mary Johnson sold 3,900 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $54.02, for a total value of $210,678.00. Following the sale, the senior vice president now owns 8,216 shares in the company, valued at approximately $443,828.32. The trade was a 32.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tonya L. Mater sold 3,120 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the sale, the chief accounting officer now owns 46,827 shares in the company, valued at $2,430,321.30. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,520 shares of company stock worth $502,581 over the last quarter. 2.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EPR Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in EPR Properties during the 3rd quarter worth about $27,000. Synergy Investment Management LLC purchased a new stake in EPR Properties during the 4th quarter worth about $27,000. GAMMA Investing LLC increased its holdings in EPR Properties by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 302 shares during the period. Principal Securities Inc. increased its holdings in EPR Properties by 54.5% during the 4th quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 457 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in EPR Properties during the 4th quarter worth about $60,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.

EPR Properties Company Profile

EPR Properties (NYSE:EPR) is the leading diversified 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 that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.