EPR Properties (NYSE:EPR) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of EPR Properties (NYSE:EPR) in a research report released on Monday morning,Benzinga reports. Royal Bank of Canada currently has a $58.00 price objective on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company lifted their price objective on EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Monday, March 10th. StockNews.com upgraded EPR Properties from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Stifel Nicolaus lifted their price target on EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday, February 27th. UBS Group lifted their price target on EPR Properties from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Finally, Truist Financial lifted their price target on EPR Properties from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $52.25.

EPR Properties Stock Performance

NYSE EPR opened at $54.07 on Monday. The stock has a 50-day simple moving average of $50.07 and a two-hundred day simple moving average of $47.82. The firm has a market capitalization of $4.11 billion, a P/E ratio of 23.41 and a beta of 1.26. EPR Properties has a fifty-two week low of $39.87 and a fifty-two week high of $54.25. 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 released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.05. The business had revenue of $146.36 million during the quarter, compared to analyst estimates of $155.46 million. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. On average, equities analysts forecast that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.295 dividend. This represents a yield of 6.6%. The ex-dividend date of this dividend is Friday, May 30th. EPR Properties’s payout ratio is 217.18%.

Insider Buying and Selling

In related news, SVP Gwendolyn Mary Johnson sold 3,900 shares of EPR Properties stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $54.02, for a total value of $210,678.00. Following the sale, the senior vice president now directly owns 8,216 shares in the company, valued at approximately $443,828.32. The trade was a 32.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonya L. Mater sold 3,120 shares of EPR Properties stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the sale, the chief accounting officer now owns 46,827 shares in the company, valued at approximately $2,430,321.30. The trade was a 6.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,520 shares of company stock worth $502,581. Insiders own 2.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Synergy Investment Management LLC purchased a new stake in shares of EPR Properties in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of EPR Properties by 235.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 537 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 377 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in shares of EPR Properties by 88.9% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 400 shares in the last quarter. Allworth Financial LP grew its position in shares of EPR Properties by 53.0% in the first quarter. Allworth Financial LP now owns 1,135 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 393 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of EPR Properties by 54.5% in the fourth quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 457 shares in the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.

About EPR Properties

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.