EPR Properties (EPR) Reaches New 12-Month High at $70.96

EPR Properties (NYSE:EPR)’s share price reached a new 52-week high on Thursday . The stock traded as high as $70.96 and last traded at $70.72, with a volume of 16221 shares changing hands. The stock had previously closed at $70.75.

EPR has been the subject of several research reports. Citigroup increased their price target on shares of EPR Properties from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of EPR Properties from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Wednesday, October 3rd. ValuEngine upgraded shares of EPR Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada restated a “buy” rating and set a $71.00 price target on shares of EPR Properties in a research report on Wednesday, August 15th. Finally, Bank of America increased their price target on shares of EPR Properties from $65.50 to $67.50 and gave the company a “neutral” rating in a research report on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. EPR Properties currently has an average rating of “Hold” and a consensus price target of $70.44.

The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 4.59 and a beta of 0.43. The company has a debt-to-equity ratio of 1.02, a quick ratio of 5.57 and a current ratio of 5.57.

EPR Properties (NYSE:EPR) last posted its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.18. The company had revenue of $176.40 million during the quarter, compared to analyst estimates of $157.09 million. EPR Properties had a net margin of 40.84% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. On average, equities analysts forecast that EPR Properties will post 6.07 earnings per share for the current fiscal year.

The firm also recently announced a oct 18 dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a yield of 6.36%. EPR Properties’s dividend payout ratio is presently 86.06%.

In other EPR Properties news, SVP Michael L. Hirons sold 7,000 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $69.97, for a total transaction of $489,790.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Alan Peterson sold 7,250 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $69.75, for a total transaction of $505,687.50. Following the transaction, the chief financial officer now owns 101,053 shares of the company’s stock, valued at approximately $7,048,446.75. The disclosure for this sale can be found here. Insiders have sold 18,537 shares of company stock valued at $1,296,125 in the last quarter. Company insiders own 1.36% of the company’s stock.

A number of large investors have recently modified their holdings of the business. American International Group Inc. boosted its position in EPR Properties by 16.0% during the third quarter. American International Group Inc. now owns 151,125 shares of the real estate investment trust’s stock worth $10,338,000 after purchasing an additional 20,821 shares during the period. BlackRock Inc. boosted its position in EPR Properties by 8.2% during the third quarter. BlackRock Inc. now owns 9,240,026 shares of the real estate investment trust’s stock worth $632,112,000 after purchasing an additional 703,037 shares during the period. Martingale Asset Management L P bought a new position in EPR Properties during the third quarter worth about $2,446,000. Bank of New York Mellon Corp boosted its position in EPR Properties by 7.2% during the third quarter. Bank of New York Mellon Corp now owns 953,630 shares of the real estate investment trust’s stock worth $65,238,000 after purchasing an additional 64,386 shares during the period. Finally, Janus Henderson Group PLC bought a new position in EPR Properties during the third quarter worth about $814,000. Hedge funds and other institutional investors own 89.61% of the company’s stock.

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EPR Properties Company Profile (NYSE:EPR)

EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.

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