EPR Properties (NYSE:EPR) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of EPR Properties (NYSE:EPR) from a sell rating to a hold rating in a report issued on Tuesday, July 4th.
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. “
A number of other analysts have also recently commented on the stock. Ladenburg Thalmann Financial Services reaffirmed a hold rating on shares of EPR Properties in a research report on Wednesday, May 3rd. ValuEngine cut shares of EPR Properties from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of EPR Properties from a sell rating to a hold rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $81.17.
Shares of EPR Properties (NYSE EPR) traded up 0.59% during midday trading on Tuesday, hitting $69.72. The stock had a trading volume of 890,411 shares. The firm has a market cap of $5.13 billion, a PE ratio of 22.14 and a beta of 0.57. EPR Properties has a 12-month low of $65.50 and a 12-month high of $82.78. The firm has a 50-day moving average of $72.88 and a 200 day moving average of $73.19.
EPR Properties (NYSE:EPR) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. EPR Properties had a net margin of 44.62% and a return on equity of 10.20%. The company had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $138.07 million. During the same quarter in the previous year, the firm posted $1.17 earnings per share. EPR Properties’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts expect that EPR Properties will post $3.36 earnings per share for the current year.
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The company also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a yield of 5.56%. EPR Properties’s dividend payout ratio (DPR) is 129.52%.
In other news, Director Peter C. Brown sold 7,907 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $71.49, for a total transaction of $565,271.43. Following the completion of the transaction, the director now directly owns 4,578 shares of the company’s stock, valued at approximately $327,281.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Druten sold 9,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $70.30, for a total transaction of $632,700.00. Following the transaction, the director now directly owns 22,304 shares of the company’s stock, valued at $1,567,971.20. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPR. Pacad Investment Ltd. acquired a new position in EPR Properties during the fourth quarter valued at approximately $100,000. Penserra Capital Management LLC increased its position in EPR Properties by 95.2% in the first quarter. Penserra Capital Management LLC now owns 1,472 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 718 shares during the period. Private Advisor Group LLC acquired a new position in EPR Properties during the first quarter valued at approximately $201,000. Wedbush Securities Inc. acquired a new position in EPR Properties during the second quarter valued at approximately $208,000. Finally, Financial Counselors Inc. acquired a new position in EPR Properties during the first quarter valued at approximately $218,000. 77.25% of the stock is owned by hedge funds and other institutional investors.
About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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