EPR Properties (NYSE:EPR) Price Target Raised to $51.00 at Truist Financial

EPR Properties (NYSE:EPR) had its price target increased by Truist Financial from $46.00 to $51.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

EPR has been the subject of a number of other research reports. Wells Fargo & Company increased their target price on shares of EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Monday, March 10th. Royal Bank of Canada upped their price target on shares of EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, Stifel Nicolaus lifted their price objective on EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.75.

EPR Properties Stock Performance

Shares of EPR stock opened at $51.61 on Tuesday. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 22.34 and a beta of 1.72. EPR Properties has a 1-year low of $39.66 and a 1-year high of $54.25. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $49.07 and its 200-day simple moving average is $47.24.

EPR Properties (NYSE:EPR) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.56. The firm had revenue of $149.12 million during the quarter, compared to analyst estimates of $161.25 million. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. On average, sell-side analysts predict that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.295 per share. This represents a $3.54 annualized dividend and a yield of 6.86%. This is an increase from EPR Properties’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Monday, March 31st. EPR Properties’s dividend payout ratio is presently 221.25%.

Insiders Place Their Bets

In related news, SVP Gwendolyn Mary Johnson sold 3,900 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $54.02, for a total transaction of $210,678.00. Following the completion of the sale, the senior vice president now directly owns 8,216 shares of the company’s stock, valued at approximately $443,828.32. This represents a 32.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian Andrew Moriarty sold 2,500 shares of EPR Properties stock in a transaction on Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the completion of the transaction, the senior vice president now owns 15,299 shares in the company, valued at $795,395.01. This trade represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,520 shares of company stock valued at $502,581 over the last quarter. Insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On EPR Properties

A number of hedge funds have recently bought and sold shares of EPR. Brooklyn Investment Group acquired a new position in shares of EPR Properties during the 3rd quarter worth about $27,000. Synergy Investment Management LLC bought a new position in EPR Properties in the 4th quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in shares of EPR Properties by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 302 shares during the last quarter. Principal Securities Inc. boosted its position in shares of EPR Properties by 54.5% in the fourth quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 457 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of EPR Properties in the fourth quarter worth $60,000. 74.66% of the stock is currently owned by 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.