FBR & Co Begins Coverage on EPR Properties (EPR)
Investment analysts at FBR & Co assumed coverage on shares of EPR Properties (NYSE:EPR) in a report released on Wednesday. The brokerage set a “market perform” rating and a $80.00 price target on the stock. FBR & Co’s price objective indicates a potential upside of 8.34% from the company’s current price.
EPR has been the topic of a number of other research reports. Janney Montgomery Scott restated a “buy” rating and issued a $88.00 price objective on shares of EPR Properties in a research report on Sunday, July 24th. Zacks Investment Research raised shares of EPR Properties from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Monday, August 8th. Citigroup Inc. lifted their target price on shares of EPR Properties from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. KeyCorp raised shares of EPR Properties from a “sector weight” rating to an “overweight” rating in a research note on Thursday, July 14th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $88.00 target price (up previously from $70.00) on shares of EPR Properties in a research note on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $85.83.
EPR Properties (NYSE:EPR) opened at 73.84 on Wednesday. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 24.04 and a beta of 0.78. The firm’s 50-day moving average price is $77.68 and its 200 day moving average price is $74.85. EPR Properties has a 12-month low of $53.00 and a 12-month high of $84.67.
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EPR Properties (NYSE:EPR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.01. EPR Properties had a net margin of 46.43% and a return on equity of 10.05%. The firm had revenue of $118 million for the quarter, compared to analysts’ expectations of $112.03 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, analysts expect that EPR Properties will post $4.77 earnings per share for the current year.
The firm also recently disclosed a sep 16 dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a dividend of $0.32 per share. This represents a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, September 28th. EPR Properties’s payout ratio is currently 124.68%.
Large investors have recently bought and sold shares of the company. Mariner Wealth Advisors LLC raised its stake in EPR Properties by 3.2% in the first quarter. Mariner Wealth Advisors LLC now owns 10,015 shares of the company’s stock valued at $667,000 after buying an additional 315 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of EPR Properties by 34.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,140,736 shares of the company’s stock valued at $142,616,000 after buying an additional 554,275 shares in the last quarter. State Street Corp increased 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 valued at $150,344,000 after buying an additional 740,297 shares in the last quarter. Kempen Capital Management N.V. increased its position in shares of EPR Properties by 19.3% in the first quarter. Kempen Capital Management N.V. now owns 21,659 shares of the company’s stock valued at $1,443,000 after buying an additional 3,510 shares in the last quarter. Finally, Credit Agricole S A increased its position in shares of EPR Properties by 5.8% in the first quarter. Credit Agricole S A now owns 22,557 shares of the company’s stock valued at $1,503,000 after buying an additional 1,239 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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