EPR Properties (NYSE:EPR) Price Target Cut to $63.00 by Analysts at Citigroup

Key Points

• Citigroup lowered EPR Properties’ price target from $65 to $63 while maintaining a “neutral” rating, implying 6.65% upside from the prior close.
• Analyst sentiment remains generally positive, with eight Buy ratings and five Holds; MarketBeat reports a consensus rating of “Moderate Buy” and an average target price of $65.14.
• EPR shares traded at $59.07, while the REIT reported quarterly EPS of $1.22 and revenue of $204.1 million, both ahead of analyst expectations.

EPR Properties (NYSE:EPR - Get Free Report) had its price target decreased by research analysts at Citigroup from $65.00 to $63.00 in a report released on Monday, Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. Citigroup's price target would indicate a potential upside of 6.65% from the company's previous close.

Several other equities research analysts have also commented on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of EPR Properties in a research report on Wednesday, August 19th. Raymond James Financial reiterated an "outperform" rating and issued a $65.00 price target on shares of EPR Properties in a research note on Thursday, August 13th. Wells Fargo & Company cut their price target on EPR Properties from $61.00 to $56.00 and set an "equal weight" rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada lifted their price target on EPR Properties from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Friday, August 7th. Finally, Stifel Nicolaus cut their price target on EPR Properties from $70.50 to $67.50 and set a "buy" rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, EPR Properties has an average rating of "Moderate Buy" and an average target price of $65.14.

EPR Properties Stock Performance

NYSE:EPR traded up $1.36 during mid-day trading on Monday, reaching $59.07. 349,342 shares of the stock were exchanged, compared to its average volume of 787,344. The stock has a market capitalization of $4.53 billion, a P/E ratio of 16.69, a P/E/G ratio of 2.23 and a beta of 1.05. EPR Properties has a 1 year low of $48.10 and a 1 year high of $64.97. The company has a 50 day simple moving average of $57.26 and a 200-day simple moving average of $57.36. The company has a quick ratio of 8.42, a current ratio of 8.42 and a debt-to-equity ratio of 1.43.

EPR Properties (NYSE:EPR - Get Free Report) last announced its earnings results on Wednesday, October 28th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.39. The company had revenue of $204.10 million for the quarter, compared to the consensus estimate of $169.74 million. EPR Properties had a return on equity of 12.78% and a net margin of 38.83%. The company's revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. Analysts anticipate that EPR Properties will post 5.38 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Elizabeth Grace sold 4,200 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $60.57, for a total value of $254,394.00. Following the transaction, the senior vice president owned 22,427 shares in the company, valued at approximately $1,358,403.39. This represents a 15.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is currently owned by insiders.

Institutional Trading of EPR Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. Inscription Capital LLC increased its position in EPR Properties by 2.0% in the 3rd quarter. Inscription Capital LLC now owns 16,597 shares of the real estate investment trust's stock valued at $932,000 after buying an additional 321 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in EPR Properties by 21.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 28,852 shares of the real estate investment trust's stock valued at $1,615,000 after purchasing an additional 5,049 shares during the period. Covestor Ltd boosted its stake in shares of EPR Properties by 57.4% during the 3rd quarter. Covestor Ltd now owns 1,352 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 493 shares in the last quarter. Moss Adams Wealth Advisors LLC bought a new position in shares of EPR Properties in the 3rd quarter worth about $232,000. Finally, Choreo LLC increased its position in EPR Properties by 17.2% during the 3rd quarter. Choreo LLC now owns 11,706 shares of the real estate investment trust's stock valued at $657,000 after buying an additional 1,722 shares in the last quarter. 74.66% of the stock is currently owned by institutional investors.

EPR Properties Company Profile

EPR Properties NYSE: EPR is a specialty real estate investment trust that owns and leases experiential real estate. The company focuses on properties designed for entertainment, recreation and leisure activities, including movie theaters, ski resorts, waterparks, attractions, fitness and wellness facilities, and other destination-based venues.

EPR generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, taxes and insurance.

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