Wells Fargo & Company Cuts EPR Properties (NYSE:EPR) Price Target to $54.00

EPR Properties (NYSE:EPR) had its price target reduced by Wells Fargo & Company from $56.00 to $54.00 in a report released on Tuesday, MarketBeat.com reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on EPR. JPMorgan Chase & Co. increased their price target on shares of EPR Properties from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EPR Properties in a report on Thursday, November 20th. UBS Group cut their price target on EPR Properties from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, August 15th. KeyCorp downgraded EPR Properties from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 19th. Finally, Stifel Nicolaus lifted their price objective on EPR Properties from $65.00 to $65.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.36.

EPR Properties Trading Up 0.5%

Shares of NYSE:EPR opened at $52.38 on Tuesday. The stock’s 50-day simple moving average is $53.51 and its two-hundred day simple moving average is $55.09. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 3.67 and a beta of 1.23. EPR Properties has a 52-week low of $41.75 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 7.77 and a current ratio of 7.77.

EPR Properties (NYSE:EPR) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. The firm had revenue of $182.31 million for the quarter, compared to analysts’ expectations of $181.78 million. EPR Properties had a net margin of 28.01% and a return on equity of 8.59%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 EPS. EPR Properties has set its FY 2025 guidance at 5.050-5.130 EPS. Analysts expect that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a dividend of $0.295 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Friday, November 28th. EPR Properties’s dividend payout ratio (DPR) is 154.59%.

Insiders Place Their Bets

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of EPR Properties stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $49.21, for a total transaction of $369,075.00. Following the sale, the executive vice president owned 73,877 shares in the company, valued at $3,635,487.17. This trade represents a 9.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 22,500 shares of company stock valued at $1,205,100. Corporate insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On EPR Properties

Institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in EPR Properties by 3,816.2% in the 1st quarter. Deutsche Bank AG now owns 1,874,975 shares of the real estate investment trust’s stock valued at $98,642,000 after acquiring an additional 1,827,098 shares during the last quarter. Norges Bank purchased a new position in shares of EPR Properties during the second quarter valued at about $55,093,000. Northern Trust Corp increased its holdings in shares of EPR Properties by 84.8% in the third quarter. Northern Trust Corp now owns 1,564,309 shares of the real estate investment trust’s stock worth $90,746,000 after purchasing an additional 717,734 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of EPR Properties by 378.0% in the first quarter. Russell Investments Group Ltd. now owns 821,532 shares of the real estate investment trust’s stock worth $43,221,000 after buying an additional 649,675 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in EPR Properties by 42.0% during the second quarter. Prudential Financial Inc. now owns 1,870,499 shares of the real estate investment trust’s stock valued at $108,975,000 after buying an additional 553,209 shares during the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

About EPR Properties

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.