Wells Fargo & Company Reaffirms Underweight Rating for EPR Properties (NYSE:EPR)

EPR Properties (NYSE:EPR)‘s stock had its “underweight” rating reissued by equities researchers at Wells Fargo & Company in a report issued on Tuesday, Benzinga reports. They presently have a $47.00 price target on the real estate investment trust’s stock, up from their prior price target of $45.00. Wells Fargo & Company‘s price objective points to a potential downside of 3.35% from the stock’s previous close.

Other research analysts also recently issued reports about the company. JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their target price on shares of EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Truist Financial lifted their price objective on shares of EPR Properties from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Finally, Raymond James upgraded shares of EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 target price for the company in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.28.

EPR Properties Price Performance

Shares of NYSE:EPR traded down $0.41 during mid-day trading on Tuesday, reaching $48.63. The stock had a trading volume of 60,418 shares, compared to its average volume of 607,523. The business’s 50 day moving average price is $46.56 and its 200 day moving average price is $43.26. EPR Properties has a 1 year low of $39.65 and a 1 year high of $50.26. The company has a market cap of $3.68 billion, a P/E ratio of 23.94 and a beta of 1.75. The company has a current ratio of 11.12, a quick ratio of 11.12 and a debt-to-equity ratio of 1.16.

Insiders Place Their Bets

In other news, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $43.82, for a total value of $25,941.44. Following the sale, the senior vice president now directly owns 5,780 shares in the company, valued at approximately $253,279.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $43.82, for a total value of $25,941.44. Following the completion of the sale, the senior vice president now owns 5,780 shares of the company’s stock, valued at approximately $253,279.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonya L. Mater sold 1,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the sale, the chief accounting officer now owns 42,710 shares of the company’s stock, valued at $1,964,660. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EPR Properties

Several institutional investors and hedge funds have recently made changes to their positions in EPR. Nisa Investment Advisors LLC raised its stake in EPR Properties by 2.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 54,306 shares of the real estate investment trust’s stock worth $2,295,000 after acquiring an additional 1,484 shares during the last quarter. Vanguard Group Inc. raised its position in EPR Properties by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 11,366,416 shares of the real estate investment trust’s stock worth $482,504,000 after buying an additional 109,144 shares during the last quarter. LSV Asset Management raised its holdings in shares of EPR Properties by 2.0% during the first quarter. LSV Asset Management now owns 1,134,354 shares of the real estate investment trust’s stock worth $48,153,000 after purchasing an additional 21,900 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of EPR Properties by 47.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 78,854 shares of the real estate investment trust’s stock valued at $3,347,000 after buying an additional 25,259 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in EPR Properties by 93.9% in the fourth quarter. Allianz Asset Management GmbH now owns 89,195 shares of the real estate investment trust’s stock valued at $4,321,000 after acquiring an additional 43,190 shares during the period. 74.66% of the stock is currently owned by institutional investors and hedge funds.

About EPR Properties

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.