FBR & Co Reiterates Marketperform Rating for EPR Properties (EPR)
FBR & Co reissued their marketperform rating on shares of EPR Properties (NYSE:EPR) in a research report sent to investors on Tuesday morning. The brokerage currently has a $80.00 price objective on the stock.
Several other research analysts have also commented on EPR. Citigroup Inc. boosted their price objective on EPR Properties from $78.00 to $80.00 and gave the stock a neutral rating in a report on Friday, August 12th. RBC Capital Markets reissued an outperform rating and set a $88.00 price objective (up previously from $70.00) on shares of EPR Properties in a report on Thursday, August 4th. KeyCorp raised EPR Properties from a sector weight rating to an overweight rating in a report on Thursday, July 14th. Zacks Investment Research raised 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. Finally, Janney Montgomery Scott began coverage on EPR Properties in a report on Thursday, July 21st. They set a neutral rating for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $85.83.
Shares of EPR Properties (NYSE:EPR) opened at 75.19 on Tuesday. The firm’s 50-day moving average is $77.40 and its 200-day moving average is $74.93. The firm has a market cap of $4.78 billion, a P/E ratio of 24.48 and a beta of 0.78. EPR Properties has a 52-week low of $53.00 and a 52-week high of $84.67.
EPR Properties (NYSE:EPR) last posted its earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.01. The business earned $118 million during the quarter, compared to analyst estimates of $112.03 million. EPR Properties had a return on equity of 10.05% and a net margin of 46.43%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. Analysts anticipate that EPR Properties will post $4.77 earnings per share for the current year.
The company also recently announced a sep 16 dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a yield of 5.02%. EPR Properties’s payout ratio is 124.68%.
Hedge funds have recently added to or reduced their stakes in the company. MSI Financial Services Inc increased its stake in EPR Properties by 30.5% in the third quarter. MSI Financial Services Inc now owns 5,683 shares of the company’s stock worth $447,000 after buying an additional 1,327 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of EPR Properties by 4.9% in the third quarter. Nisa Investment Advisors LLC now owns 36,200 shares of the company’s stock valued at $2,850,000 after buying an additional 1,700 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of EPR Properties by 2.8% in the third quarter. Capstone Asset Management Co. now owns 67,315 shares of the company’s stock valued at $5,300,000 after buying an additional 1,853 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of EPR Properties during the third quarter valued at $339,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of EPR Properties by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,959 shares of the company’s stock valued at $1,729,000 after buying an additional 438 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.
EPR Properties Company Profile
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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