Q4 2017 EPS Estimates for EPR Properties (EPR) Boosted by Analyst
EPR Properties (NYSE:EPR) – FBR & Co boosted their Q4 2017 EPS estimates for shares of EPR Properties in a research note issued to investors on Wednesday. FBR & Co analyst D. Corak now forecasts that the real estate investment trust will earn $1.33 per share for the quarter, up from their previous estimate of $1.32. FBR & Co also issued estimates for EPR Properties’ FY2018 earnings at $5.53 EPS.
EPR Properties (NYSE:EPR) last released its quarterly earnings results on Tuesday, February 28th. The real estate investment trust reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.03. EPR Properties had a return on equity of 10.16% and a net margin of 46.29%. The company had revenue of $130.80 million for the quarter, compared to analyst estimates of $125.09 million. During the same period in the previous year, the company posted $1.18 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis.
Several other research analysts also recently commented on EPR. Stifel Nicolaus raised their price objective on EPR Properties to $80.00 in a report on Wednesday, March 1st. Zacks Investment Research downgraded EPR Properties from a “buy” rating to a “hold” rating in a report on Friday, March 3rd. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of EPR Properties in a report on Wednesday, May 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $82.29.
EPR Properties (NYSE:EPR) remained flat at $70.80 during midday trading on Friday. 47,346 shares of the company traded hands. EPR Properties has a 52-week low of $65.50 and a 52-week high of $84.67. The stock has a market cap of $5.21 billion, a P/E ratio of 22.48 and a beta of 0.69. The firm has a 50 day moving average price of $73.06 and a 200 day moving average price of $72.40.
A number of hedge funds have recently made changes to their positions in EPR. Vanguard Group Inc. boosted its stake in shares of EPR Properties by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,337,034 shares of the real estate investment trust’s stock valued at $761,115,000 after buying an additional 272,916 shares during the period. BlackRock Inc. boosted its stake in shares of EPR Properties by 3,652.5% in the first quarter. BlackRock Inc. now owns 7,220,261 shares of the real estate investment trust’s stock valued at $531,629,000 after buying an additional 7,027,848 shares during the period. Principal Financial Group Inc. boosted its stake in EPR Properties by 12.6% in the first quarter. Principal Financial Group Inc. now owns 3,131,467 shares of the real estate investment trust’s stock worth $230,510,000 after buying an additional 349,384 shares during the last quarter. State Street Corp boosted its stake in EPR Properties by 3.1% in the first quarter. State Street Corp now owns 2,113,363 shares of the real estate investment trust’s stock worth $155,607,000 after buying an additional 63,987 shares during the last quarter. Finally, Edge Asset Management Inc. boosted its stake in EPR Properties by 5.7% in the first quarter. Edge Asset Management Inc. now owns 896,381 shares of the real estate investment trust’s stock worth $66,001,000 after buying an additional 48,172 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.
In other EPR Properties news, Director Robert J. Druten sold 9,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $70.30, for a total transaction of $632,700.00. Following the sale, the director now owns 22,304 shares of the company’s stock, valued at approximately $1,567,971.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.
The business also recently announced a may 17 dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.34 per share. The ex-dividend date is Friday, May 26th. EPR Properties’s dividend payout ratio (DPR) is presently 130.35%.
EPR Properties Company Profile
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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