EPR Properties (EPR) Sees Large Volume Increase
EPR Properties (NYSE:EPR) shares saw an uptick in trading volume on Wednesday . 884,503 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 432,329 shares.The stock last traded at $77.78 and had previously closed at $78.11.
EPR has been the subject of several recent research reports. Janney Montgomery Scott reiterated a “buy” rating and set a $88.00 price objective on shares of EPR Properties in a report on Sunday, July 24th. Zacks Investment Research upgraded EPR Properties from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Monday, August 8th. Citigroup Inc. increased their price objective on EPR Properties from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. KeyCorp upgraded EPR Properties from a “sector weight” rating to an “overweight” rating in a report on Thursday, July 14th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $88.00 price objective (up from $70.00) on shares of EPR Properties in a report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $80.00.
The firm’s 50-day moving average is $81.25 and its 200-day moving average is $70.63. The company has a market cap of $4.95 billion and a P/E ratio of 25.33.
EPR Properties (NYSE:EPR) last issued its earnings results on Wednesday, August 3rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.16 by $0.01. During the same quarter in the previous year, the firm posted $1.08 EPS. The business had revenue of $118 million for the quarter, compared to the consensus estimate of $112.03 million. The business’s revenue was up 16.5% on a year-over-year basis. Equities research analysts anticipate that EPR Properties will post $4.77 EPS for the current year.
The firm also recently announced a aug 16 dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were given a dividend of $0.32 per share. This represents a dividend yield of 4.71%. The ex-dividend date of this dividend was Wednesday, July 27th.
Other hedge funds have modified their holdings of the company. BlackRock Advisors LLC boosted its stake in shares of EPR Properties by 5.0% in the fourth quarter. BlackRock Advisors LLC now owns 491,960 shares of the company’s stock valued at $28,755,000 after buying an additional 23,620 shares during the last quarter. Employees Retirement System of Texas boosted its stake in shares of EPR Properties by 213.3% in the fourth quarter. Employees Retirement System of Texas now owns 94,000 shares of the company’s stock valued at $5,494,000 after buying an additional 64,000 shares during the last quarter. 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 during the last quarter. Schroder Investment Management Group boosted its stake in shares of EPR Properties by 20.7% in the fourth quarter. Schroder Investment Management Group now owns 83,300 shares of the company’s stock valued at $4,869,000 after buying an additional 14,300 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of EPR Properties by 5.6% in the fourth quarter. Bank of Montreal Can now owns 223,662 shares of the company’s stock valued at $13,073,000 after buying an additional 11,902 shares during 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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