EPR Properties (NYSE:EPR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday after Wells Fargo & Company raised their price target on the stock from $45.00 to $52.00. Wells Fargo & Company currently has an underweight rating on the stock. EPR Properties traded as high as $54.25 and last traded at $53.98, with a volume of 243992 shares traded. The stock had previously closed at $53.20.
A number of other research firms also recently issued reports on EPR. Royal Bank of Canada increased their price objective on EPR Properties from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. UBS Group began coverage on EPR Properties in a research report on Thursday, November 14th. They set a "neutral" rating and a $48.00 price target for the company. Finally, Stifel Nicolaus increased their price target on EPR Properties from $51.00 to $52.00 and gave the company a "hold" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $50.13.
Get Our Latest Analysis on EPR Properties
Insider Activity at EPR Properties
In other news, SVP Gwendolyn Mary Johnson sold 3,900 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $54.02, for a total value of $210,678.00. Following the completion of the sale, the senior vice president now directly owns 8,216 shares of the company's stock, valued at $443,828.32. This trade represents a 32.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.13% of the company's stock.
Institutional Trading of EPR Properties
Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in shares of EPR Properties by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,349,900 shares of the real estate investment trust's stock valued at $66,199,000 after buying an additional 54,567 shares during the last quarter. Algert Global LLC lifted its position in shares of EPR Properties by 58.6% in the third quarter. Algert Global LLC now owns 140,626 shares of the real estate investment trust's stock valued at $6,896,000 after buying an additional 51,980 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of EPR Properties in the fourth quarter valued at approximately $352,000. JPMorgan Chase & Co. lifted its position in shares of EPR Properties by 35.7% in the third quarter. JPMorgan Chase & Co. now owns 673,117 shares of the real estate investment trust's stock valued at $33,010,000 after buying an additional 177,061 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in EPR Properties by 1.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 13,739 shares of the real estate investment trust's stock worth $608,000 after purchasing an additional 249 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.
EPR Properties Stock Performance
The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 22.37 and a beta of 1.71. The company has a fifty day moving average of $48.53 and a two-hundred day moving average of $47.12. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.56. The business had revenue of $149.12 million during the quarter, compared to analysts' expectations of $161.25 million. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. As a group, equities research analysts predict that EPR Properties will post 4.65 earnings per share for the current fiscal year.
EPR Properties Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.295 per share. This is a boost from EPR Properties's previous monthly dividend of $0.29. This represents a $3.54 annualized dividend and a yield of 6.85%. The ex-dividend date is Monday, March 31st. EPR Properties's dividend payout ratio (DPR) is presently 221.25%.
About EPR Properties
(
Get Free Report)
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.
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