EPR Properties (EPR) Downgraded by Zacks Investment Research to “Hold”
According to Zacks, “EPR Properties is specialty real estate investment trust that invests in three primary segments: Entertainment, Recreation and Education. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. EPR Properties is based in Kansas City, Missouri. “
Several other research analysts also recently issued reports on the company. FBR & Co started coverage on EPR Properties in a research report on Wednesday, October 12th. They set a market perform rating and a $80.00 price objective for the company. RBC Capital Markets restated an outperform rating and set 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 started coverage on EPR Properties in a research report on Thursday, July 21st. They set a neutral rating for the company. Citigroup Inc. lifted their price objective on EPR Properties from $78.00 to $80.00 and gave the stock a neutral rating in a research report on Friday, August 12th. Finally, Royal Bank Of Canada lifted their price objective on EPR Properties from $70.00 to $88.00 and gave the stock an outperform rating in a research report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $83.83.
Shares of EPR Properties (NYSE:EPR) traded down 0.40% during trading on Wednesday, hitting $67.72. The stock had a trading volume of 46,217 shares. The firm’s 50-day moving average is $73.20 and its 200 day moving average is $75.92. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 21.71 and a beta of 0.71. EPR Properties has a 52-week low of $53.00 and a 52-week high of $84.67.
EPR Properties (NYSE:EPR) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.02. EPR Properties had a return on equity of 10.16% and a net margin of 46.29%. The firm earned $125.60 million during the quarter, compared to the consensus estimate of $120.35 million. During the same period in the previous year, the firm posted $1.17 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts expect that EPR Properties will post $4.78 EPS for the current year.
The firm also recently declared a oct 16 dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a yield of 5.09%. EPR Properties’s dividend payout ratio (DPR) is 122.68%.
In related news, Director Peter C. Brown sold 6,500 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $70.33, for a total transaction of $457,145.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Capital Analysts LLC boosted its stake in EPR Properties by 1.0% in the second quarter. Capital Analysts LLC now owns 1,287 shares of the company’s stock valued at $104,000 after buying an additional 13 shares in the last quarter. Ropes Wealth Advisors LLC boosted its stake in EPR Properties by 0.3% in the second quarter. Ropes Wealth Advisors LLC now owns 6,122 shares of the company’s stock valued at $494,000 after buying an additional 20 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in EPR Properties by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,980 shares of the company’s stock valued at $886,000 after buying an additional 58 shares in the last quarter. Wade G W & Inc. boosted its stake in EPR Properties by 0.9% in the third quarter. Wade G W & Inc. now owns 6,624 shares of the company’s stock valued at $522,000 after buying an additional 59 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in EPR Properties by 1.3% in the third quarter. Pacer Advisors Inc. now owns 4,841 shares of the company’s stock valued at $381,000 after buying an additional 61 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.
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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