EPR Properties (NYSE:EPR) Price Target Raised to $52.00

EPR Properties (NYSE:EPR) had its target price hoisted by Stifel Nicolaus from $51.00 to $52.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on the stock. UBS Group began coverage on shares of EPR Properties in a research report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price objective on shares of EPR Properties in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.50.

EPR Properties Trading Up 1.9 %

Shares of EPR opened at $53.10 on Thursday. The company’s fifty day moving average is $46.85 and its 200 day moving average is $46.66. EPR Properties has a fifty-two week low of $39.65 and a fifty-two week high of $53.58. The stock has a market capitalization of $4.02 billion, a PE ratio of 22.99 and a beta of 1.75. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81.

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

EPR Properties Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.295 dividend. The ex-dividend date is Monday, March 31st. This is a boost from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.54 dividend on an annualized basis and a dividend yield of 6.67%. EPR Properties’s dividend payout ratio is presently 148.05%.

Institutional Trading of EPR Properties

A number of hedge funds have recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina lifted its stake in EPR Properties by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,851 shares of the real estate investment trust’s stock worth $1,455,000 after acquiring an additional 210 shares during the period. 1620 Investment Advisors Inc. lifted its stake in EPR Properties by 1.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 15,071 shares of the real estate investment trust’s stock worth $667,000 after acquiring an additional 219 shares during the period. Global Retirement Partners LLC lifted its stake in EPR Properties by 5.9% in the fourth quarter. Global Retirement Partners LLC now owns 4,117 shares of the real estate investment trust’s stock worth $182,000 after acquiring an additional 228 shares during the period. Kestra Private Wealth Services LLC lifted its stake in EPR Properties by 1.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,739 shares of the real estate investment trust’s stock worth $608,000 after acquiring an additional 249 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in EPR Properties by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 44,677 shares of the real estate investment trust’s stock worth $1,977,000 after acquiring an additional 251 shares during the period. 74.66% of the stock is owned by hedge funds and other institutional investors.

EPR Properties Company Profile

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.