Wells Fargo & Company Issues Positive Forecast for EPR Properties (NYSE:EPR) Stock Price

EPR Properties (NYSE:EPR) had its price objective hoisted by Wells Fargo & Company from $52.00 to $53.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

A number of other brokerages also recently issued reports on EPR. Raymond James reissued a “strong-buy” rating on shares of EPR Properties in a report on Friday, May 23rd. UBS Group increased their price target on shares of EPR Properties from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of EPR Properties in a report on Monday, May 19th. Truist Financial upped their price objective on shares of EPR Properties from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of EPR Properties from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.57.

EPR Properties Price Performance

NYSE EPR opened at $56.02 on Monday. The company has a market cap of $4.26 billion, a PE ratio of 24.25 and a beta of 1.26. EPR Properties has a 52 week low of $39.87 and a 52 week high of $56.17. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. The firm’s 50-day simple moving average is $50.56 and its two-hundred day simple moving average is $48.45.

EPR Properties (NYSE:EPR) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $1.21 EPS for the quarter, beating the consensus estimate of $1.16 by $0.05. The business had revenue of $146.36 million for the quarter, compared to the consensus estimate of $155.46 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. Research analysts predict that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Announces Dividend

The firm also recently declared a may 25 dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.295 per share. This represents a yield of 6.6%. The ex-dividend date of this dividend is Friday, May 30th. EPR Properties’s payout ratio is currently 217.18%.

Insider Buying and Selling at EPR Properties

In other EPR Properties news, SVP Brian Andrew Moriarty sold 2,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $51.99, for a total transaction of $129,975.00. Following the transaction, the senior vice president now directly owns 15,299 shares in the company, valued at $795,395.01. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tonya L. Mater sold 3,120 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $51.90, for a total transaction of $161,928.00. Following the transaction, the chief accounting officer now owns 46,827 shares in the company, valued at $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. Company 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 EPR. Barclays PLC grew its holdings in shares of EPR Properties by 14.6% in the third quarter. Barclays PLC now owns 40,647 shares of the real estate investment trust’s stock worth $1,993,000 after purchasing an additional 5,184 shares during the last quarter. KBC Group NV grew its holdings in shares of EPR Properties by 89.0% in the fourth quarter. KBC Group NV now owns 3,753 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 1,767 shares during the last quarter. abrdn plc grew its holdings in shares of EPR Properties by 59.5% in the fourth quarter. abrdn plc now owns 25,097 shares of the real estate investment trust’s stock worth $1,111,000 after purchasing an additional 9,360 shares during the last quarter. Vanderbilt University bought a new position in shares of EPR Properties in the fourth quarter worth approximately $244,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of 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 purchasing an additional 251 shares during the last quarter. Institutional investors own 74.66% of the company’s stock.

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.