EPR Properties (NYSE:EPR) Price Target Raised to $53.00 at Truist Financial

EPR Properties (NYSE:EPR) had its target price upped by Truist Financial from $51.00 to $53.00 in a report issued on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

EPR has been the subject of several other research reports. Royal Bank of Canada boosted their price target on EPR Properties from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Stifel Nicolaus raised their target price on shares of 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 lifted their price target on shares of EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EPR Properties presently has a consensus rating of “Hold” and a consensus price target of $51.00.

EPR Properties Trading Up 1.1 %

EPR Properties stock opened at $51.96 on Monday. The business has a 50-day simple moving average of $49.35 and a two-hundred day simple moving average of $47.29. EPR Properties has a 52-week low of $39.66 and a 52-week high of $54.25. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. The company has a market cap of $3.95 billion, a P/E ratio of 22.49 and a beta of 1.72.

EPR Properties (NYSE:EPR) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The business had revenue of $149.12 million for the quarter, compared to the consensus estimate of $161.25 million. Analysts predict that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.295 dividend. This is a boost from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.54 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date of this dividend is Monday, March 31st. EPR Properties’s dividend payout ratio (DPR) is presently 221.25%.

Insider Activity

In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 3,900 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $54.02, for a total transaction of $210,678.00. Following the transaction, the senior vice president now owns 8,216 shares in the company, valued at $443,828.32. The trade was a 32.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the completion of the sale, the senior vice president now owns 15,299 shares of the company’s stock, valued at $795,395.01. This trade represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,520 shares of company stock worth $502,581. 2.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC bought a new position in EPR Properties in the 4th quarter valued at $302,313,000. Geode Capital Management LLC grew its holdings in shares of EPR Properties by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,425,119 shares of the real estate investment trust’s stock worth $69,904,000 after purchasing an additional 7,429 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of EPR Properties by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,380,301 shares of the real estate investment trust’s stock worth $61,120,000 after purchasing an additional 30,401 shares during the last quarter. Bank of New York Mellon Corp increased its stake in EPR Properties by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,145,267 shares of the real estate investment trust’s stock worth $50,712,000 after buying an additional 60,953 shares during the period. Finally, LSV Asset Management lifted its holdings in EPR Properties by 12.3% during the 4th quarter. LSV Asset Management now owns 1,129,098 shares of the real estate investment trust’s stock valued at $49,996,000 after buying an additional 123,400 shares in the last quarter. 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.