Zacks Investment Research Lowers EPR Properties (EPR) to Hold
EPR Properties (NYSE:EPR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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 research firms also recently issued reports on EPR. BidaskClub raised shares of EPR Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Ladenburg Thalmann Financial Services raised shares of EPR Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Monday, September 11th. Finally, KeyCorp reissued a “buy” rating and issued a $80.00 price target on shares of EPR Properties in a report on Tuesday, September 26th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $78.67.
EPR Properties (NYSE EPR) traded down 0.59% during trading on Wednesday, reaching $69.41. 469,278 shares of the company’s stock were exchanged. The company’s 50-day moving average is $70.67 and its 200-day moving average is $71.42. EPR Properties has a 1-year low of $65.50 and a 1-year high of $77.70. The company has a market capitalization of $5.11 billion, a PE ratio of 20.33 and a beta of 0.59.
EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.05. The business had revenue of $147.80 million during the quarter, compared to analyst estimates of $138.07 million. EPR Properties had a net margin of 46.90% and a return on equity of 10.51%. EPR Properties’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. Equities research analysts expect that EPR Properties will post $3.44 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of EPR. BlackRock Inc. increased its position 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 worth $531,629,000 after purchasing an additional 7,027,848 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in EPR Properties by 212.2% in the third quarter. Neuberger Berman Group LLC now owns 1,202,395 shares of the real estate investment trust’s stock worth $94,677,000 after buying an additional 817,292 shares in the last quarter. Systematic Financial Management LP boosted its stake in EPR Properties by 1,799.8% in the fourth quarter. Systematic Financial Management LP now owns 834,814 shares of the real estate investment trust’s stock worth $48,794,000 after buying an additional 790,871 shares in the last quarter. State Street Corp boosted its stake in EPR Properties by 48.8% in the first quarter. State Street Corp now owns 2,256,724 shares of the real estate investment trust’s stock worth $150,344,000 after buying an additional 740,297 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in EPR Properties by 22.9% in the second quarter. Principal Financial Group Inc. now owns 3,849,777 shares of the real estate investment trust’s stock worth $276,684,000 after buying an additional 718,310 shares in the last quarter. Institutional investors own 84.94% of the company’s stock.
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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