EPR Properties to Post FY2018 Earnings of $5.48 Per Share, FBR & Co Forecasts (EPR)
EPR Properties (NYSE:EPR) – Investment analysts at FBR & Co issued their FY2018 earnings estimates for EPR Properties in a note issued to investors on Tuesday. FBR & Co analyst D. Corak forecasts that the brokerage will post earnings of $5.48 per share for the year. FBR & Co has a “Marketperform” rating and a $80.00 price objective on the stock.
EPR Properties (NYSE:EPR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.01. The firm had revenue of $118 million for the quarter, compared to analysts’ expectations of $112.03 million. EPR Properties had a return on equity of 10.05% and a net margin of 46.43%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS.
A number of other equities analysts have also recently weighed in on EPR. Citigroup Inc. upped their price objective on shares of EPR Properties from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. RBC Capital Markets reissued an “outperform” rating and issued a $88.00 price objective (up from $70.00) on shares of EPR Properties in a research report on Thursday, August 4th. Janney Montgomery Scott initiated coverage on shares of EPR Properties in a research report on Thursday, July 21st. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of EPR Properties from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Monday, August 8th. Finally, KeyCorp raised shares of EPR Properties from a “sector weight” rating to an “overweight” rating in a research report on Thursday, July 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. EPR Properties currently has a consensus rating of “Buy” and a consensus price target of $85.83.
Shares of EPR Properties (NYSE:EPR) traded down 0.96% during trading on Thursday, reaching $75.19. The company had a trading volume of 289,782 shares. The stock has a 50 day moving average of $77.49 and a 200 day moving average of $74.86. EPR Properties has a 52-week low of $53.00 and a 52-week high of $84.67. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 24.48 and a beta of 0.78.
The business also recently declared a sep 16 dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 28th. This represents a dividend yield of 5.02%. EPR Properties’s payout ratio is 124.68%.
Institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of EPR Properties by 48.8% in the first quarter. State Street Corp now owns 2,256,724 shares of the company’s stock worth $150,344,000 after buying an additional 740,297 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of EPR Properties by 17.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,418,950 shares of the company’s stock worth $161,150,000 after buying an additional 352,750 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of EPR Properties during the first quarter worth about $825,000. Westpac Banking Corp boosted its position in shares of EPR Properties by 7.0% in the second quarter. Westpac Banking Corp now owns 101,319 shares of the company’s stock worth $8,174,000 after buying an additional 6,597 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of EPR Properties by 1.0% in the first quarter. Barclays PLC now owns 23,613 shares of the company’s stock worth $1,558,000 after buying an additional 238 shares in the last quarter. 97.20% of the stock is currently owned by institutional investors and hedge funds.
About EPR Properties
EPR Properties (EPR) is a self-administered real estate investment trust (REIT). The Company’s investment portfolio includes entertainment, education and recreation properties. The Company operates in four segments: Entertainment, Education, Recreation and Other. The Company’s Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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