EPR Properties (NYSE:EPR) Announces Earnings Results, Beats Estimates By $0.66 EPS

Key Points

• EPR Properties reported quarterly EPS of $1.49, beating analyst estimates of $0.83 by $0.66. Revenue reached $204.1 million, also exceeding expectations of $169.74 million.
• The company declared a monthly dividend of $0.31 per share, equal to $3.72 annually and a 6.7% yield; its payout ratio stands at 119.61%.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $65.65, compared with the stock’s reported trading price of $55.50.

EPR Properties (NYSE:EPR - Get Free Report) announced its earnings results on Wednesday. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.66, Zacks reports. The company had revenue of $204.10 million for the quarter, compared to analysts' expectations of $169.74 million. EPR Properties had a return on equity of 11.34% and a net margin of 35.45%.

EPR Properties Price Performance

EPR stock traded down $0.51 during trading on Wednesday, reaching $55.50. The company's stock had a trading volume of 851,951 shares, compared to its average volume of 787,885. The company has a quick ratio of 9.51, a current ratio of 9.51 and a debt-to-equity ratio of 1.43. The company's fifty day moving average is $57.48 and its 200-day moving average is $57.29. The company has a market capitalization of $4.25 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.03. EPR Properties has a 1 year low of $48.10 and a 1 year high of $64.97.

EPR Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a $0.31 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, October 30th. EPR Properties's dividend payout ratio is presently 119.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of EPR Properties in a research note on Wednesday, August 19th. Royal Bank Of Canada boosted their price objective on EPR Properties from $61.00 to $64.00 and gave the company a "sector perform" rating in a research note on Friday, August 7th. Citigroup downgraded EPR Properties from a "market outperform" rating to a "hold" rating in a research note on Wednesday, October 14th. Raymond James Financial reissued an "outperform" rating and issued a $65.00 target price on shares of EPR Properties in a report on Thursday, August 13th. Finally, KeyCorp upgraded shares of EPR Properties from a "sector weight" rating to an "overweight" rating and set a $70.00 target price on the stock in a research note on Wednesday, August 19th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.65.

Insider Activity

In other news, CAO Tonya Mater sold 6,692 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $61.79, for a total value of $413,498.68. Following the transaction, the chief accounting officer directly owned 49,167 shares in the company, valued at $3,038,028.93. The trade was a 11.98% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Elizabeth Grace sold 4,200 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $60.57, for a total value of $254,394.00. Following the completion of the transaction, the senior vice president directly owned 22,427 shares of the company's stock, valued at approximately $1,358,403.39. This trade represents a 15.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by insiders.

About EPR Properties

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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