EPR Properties (EPR) Hits New 52-Week High at $81.67
Shares of EPR Properties (NYSE:EPR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $81.67 and last traded at $81.61, with a volume of 581,323 shares trading hands. The stock had previously closed at $80.69.
Separately, Citigroup Inc. raised their target price on EPR Properties from $58.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, May 13th.
The stock’s 50-day moving average price is $75.71 and its 200-day moving average price is $66.43. The company has a market capitalization of $5.19 billion and a price-to-earnings ratio of 26.74.
EPR Properties (NYSE:EPR) last issued its earnings results on Thursday, April 28th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. The company earned $118.76 million during the quarter, compared to analysts’ expectations of $109.82 million. During the same quarter in the prior year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. Analysts expect that EPR Properties will post $4.75 earnings per share for the current fiscal year.
The business also recently announced a jul 16 dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a $0.32 dividend. This represents a yield of 5.16%. The ex-dividend date of this dividend is Tuesday, June 28th.
In related news, CAO Tonya L. Mater sold 2,509 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $70.49, for a total value of $176,859.41. Following the sale, the chief accounting officer now owns 28,813 shares in the company, valued at $2,031,028.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas B. Wright III sold 582 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $66.76, for a total transaction of $38,854.32. Following the completion of the sale, the senior vice president now owns 22,665 shares in the company, valued at approximately $1,513,115.40. The disclosure for this sale can be found here.
Other large investors recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of EPR Properties by 5.9% in the fourth quarter. US Bancorp DE now owns 29,663 shares of the company’s stock valued at $1,732,000 after buying an additional 1,658 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of EPR Properties by 24.6% in the fourth quarter. ProShare Advisors LLC now owns 31,395 shares of the company’s stock valued at $1,835,000 after buying an additional 6,196 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of EPR Properties by 2.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 33,896 shares of the company’s stock valued at $1,981,000 after buying an additional 747 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of EPR Properties during the fourth quarter valued at about $2,566,000. Finally, Swiss National Bank boosted its stake in shares of EPR Properties by 1.1% in the fourth quarter. Swiss National Bank now owns 74,700 shares of the company’s stock valued at $4,366,000 after buying an additional 800 shares in the last quarter.
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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