Raymond James Financial downgraded shares of EPR Properties (NYSE:EPR – Free Report) from a strong-buy rating to an outperform rating in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have $60.00 target price on the real estate investment trust’s stock, down from their prior target price of $62.00.
Several other equities analysts have also commented on EPR. Truist Financial increased their target price on EPR Properties from $60.00 to $62.00 and gave the company a “hold” rating in a report on Friday, March 6th. UBS Group upped their price target on shares of EPR Properties from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. reduced their price objective on EPR Properties from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, December 2nd. Wells Fargo & Company reduced their target price on shares of 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, Royal Bank Of Canada raised their price target on EPR Properties from $58.00 to $59.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, EPR Properties currently has an average rating of “Hold” and a consensus target price of $59.50.
Get Our Latest Research Report on EPR Properties
EPR Properties Stock Performance
EPR Properties (NYSE:EPR – Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.01. The company had revenue of $182.95 million during the quarter, compared to analyst estimates of $181.76 million. EPR Properties had a return on equity of 11.81% and a net margin of 38.27%.The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 earnings per share. EPR Properties has set its FY 2026 guidance at 5.280-5.480 EPS. On average, research analysts predict that EPR Properties will post 4.65 EPS for the current year.
EPR Properties Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.31 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.30. EPR Properties’s payout ratio is 108.26%.
Insider Buying and Selling at EPR Properties
In other news, EVP Gregory E. Zimmerman sold 7,500 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $53.89, for a total transaction of $404,175.00. Following the transaction, the executive vice president owned 66,294 shares of the company’s stock, valued at $3,572,583.66. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brian Andrew Moriarty sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $56.44, for a total transaction of $282,200.00. Following the completion of the transaction, the senior vice president directly owned 13,704 shares in the company, valued at approximately $773,453.76. The trade was a 26.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 22,133 shares of company stock valued at $1,242,101. 2.31% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of EPR Properties during the fourth quarter worth about $82,823,000. Northern Trust Corp increased its holdings in EPR Properties by 84.8% during the third quarter. Northern Trust Corp now owns 1,564,309 shares of the real estate investment trust’s stock worth $90,746,000 after buying an additional 717,734 shares during the last quarter. Freestone Grove Partners LP acquired a new position in shares of EPR Properties during the 4th quarter worth about $30,055,000. Prudential Financial Inc. increased its position in EPR Properties by 42.0% during the second quarter. Prudential Financial Inc. now owns 1,870,499 shares of the real estate investment trust’s stock worth $108,975,000 after buying an additional 553,209 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in EPR Properties in the 3rd quarter valued at $27,895,000. 74.66% of the stock is 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.
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