Royal Bank Of Canada Reiterates “Sector Perform” Rating for EPR Properties (NYSE:EPR)

EPR Properties (NYSE:EPR)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Friday,Benzinga reports. They presently have a $58.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s target price points to a potential upside of 6.90% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Truist Financial lifted their price objective on shares of EPR Properties from $55.00 to $57.00 and gave the stock a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen cut EPR Properties from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of EPR Properties in a research note on Monday, December 29th. Wells Fargo & Company reduced their price objective on EPR Properties from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. decreased their target price on EPR Properties from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.36.

EPR Properties Price Performance

Shares of EPR stock opened at $54.26 on Friday. EPR Properties has a fifty-two week low of $41.75 and a fifty-two week high of $61.24. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 3.19 and a beta of 0.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.21 and a current ratio of 7.21. The stock’s 50-day simple moving average is $51.91 and its 200-day simple moving average is $53.58.

EPR Properties (NYSE:EPR) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. The firm had revenue of $182.31 million during the quarter, compared to analyst estimates of $181.78 million. EPR Properties had a net margin of 28.01% and a return on equity of 8.58%. EPR Properties’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. As a group, equities analysts forecast that EPR Properties will post 4.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $52.25, for a total value of $391,875.00. Following the completion of the transaction, the executive vice president directly owned 64,251 shares of the company’s stock, valued at approximately $3,357,114.75. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On EPR Properties

Several large investors have recently made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in shares of EPR Properties by 15.0% during the second quarter. QRG Capital Management Inc. now owns 93,541 shares of the real estate investment trust’s stock valued at $5,450,000 after acquiring an additional 12,173 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of EPR Properties during the second quarter worth approximately $1,304,000. Allianz Asset Management GmbH raised its stake in EPR Properties by 22.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 402,075 shares of the real estate investment trust’s stock valued at $23,425,000 after purchasing an additional 73,929 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in EPR Properties in the 3rd quarter valued at $11,666,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in EPR Properties by 35.4% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 203,532 shares of the real estate investment trust’s stock valued at $11,807,000 after purchasing an additional 53,200 shares in the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.

About EPR Properties

EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.

The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.