EPR Properties (NYSE:EPR) Stock Gets Price Target Trim from Citigroup

EPR Properties (NYSE:EPR) had its target price lowered by Citigroup from $65.00 to $63.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup‘s target price would indicate a potential upside of 6.65% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of EPR Properties from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. KeyCorp upgraded shares of EPR Properties from a “sector weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Wednesday, August 19th. Raymond James Financial restated an “outperform” rating and issued a $65.00 price target on shares of EPR Properties in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EPR Properties in a research note on Wednesday, August 19th. Finally, Stifel Nicolaus lowered their price objective on EPR Properties from $70.50 to $67.50 and set a “buy” rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.14.

EPR Properties Stock Performance

Shares of NYSE EPR traded up $1.36 during midday trading on Monday, hitting $59.07. 349,342 shares of the stock traded hands, compared to its average volume of 787,344. The firm has a market capitalization of $4.53 billion, a P/E ratio of 16.69, a PEG ratio of 2.23 and a beta of 1.05. EPR Properties has a one year low of $48.10 and a one year high of $64.97. The company has a debt-to-equity ratio of 1.43, a quick ratio of 8.42 and a current ratio of 8.42. The firm has a 50-day moving average of $57.26 and a two-hundred day moving average of $57.36.

EPR Properties (NYSE:EPR) last posted its quarterly earnings data on Wednesday, October 28th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.39. EPR Properties had a return on equity of 12.78% and a net margin of 38.83%. The company had revenue of $204.10 million during the quarter, compared to analysts’ expectations of $169.74 million. During the same quarter in the prior year, the business earned $1.37 earnings per share. EPR Properties’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts forecast that EPR Properties will post 5.38 EPS for the current fiscal year.

Insider Activity at EPR Properties

In related news, SVP Elizabeth Grace sold 4,200 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $60.57, for a total transaction of $254,394.00. Following the completion of the transaction, the senior vice president owned 22,427 shares in the company, valued at approximately $1,358,403.39. This represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System lifted its position in EPR Properties by 0.9% during the second quarter. Arizona State Retirement System now owns 21,110 shares of the real estate investment trust’s stock valued at $1,225,000 after purchasing an additional 196 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of EPR Properties by 0.4% in the 3rd quarter. North Star Investment Management Corp. now owns 53,701 shares of the real estate investment trust’s stock valued at $3,014,000 after acquiring an additional 201 shares during the last quarter. GAMMA Investing LLC grew its position in EPR Properties by 10.0% in the third quarter. GAMMA Investing LLC now owns 2,434 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 222 shares in the last quarter. Waverly Advisors LLC increased its position in shares of EPR Properties by 5.0% during the 2nd quarter. Waverly Advisors LLC now owns 4,733 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 227 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its stake in shares of EPR Properties by 5.9% in the third quarter. Robertson Stephens Wealth Management LLC now owns 4,975 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 275 shares during the period. Institutional investors own 74.66% of the company’s stock.

About EPR Properties

EPR Properties (NYSE:EPR) is a specialty real estate investment trust that owns and leases experiential real estate. The company focuses on properties designed for entertainment, recreation and leisure activities, including movie theaters, ski resorts, waterparks, attractions, fitness and wellness facilities, and other destination-based venues.

EPR generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, taxes and insurance.