EPR Properties (NYSE:EPR) Lowered to "Sector Perform" Rating by Royal Bank Of Canada

Key Points

• Royal Bank of Canada downgraded EPR Properties from an "outperform" to a "sector perform" rating, setting a price objective of $58.00, which indicates a potential upside of 5.57% from its previous close.
• Multiple analysts have varying ratings on EPR Properties, with one sell rating, four hold ratings, three buy ratings, and one strong buy rating, resulting in an average rating of "Hold."
• In its latest earnings report, EPR Properties missed consensus EPS estimates, reporting $1.24 EPS compared to an expected $1.25, while revenue also fell short at $150.35 million against expectations of $176.50 million.

EPR Properties (NYSE:EPR - Get Free Report) was downgraded by investment analysts at Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Monday, MarketBeat reports. They presently have a $58.00 price target on the real estate investment trust's stock. Royal Bank Of Canada's price objective suggests a potential upside of 5.77% from the company's current price.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company increased their target price on EPR Properties from $52.00 to $53.00 and gave the company an "underweight" rating in a research note on Monday, June 2nd. Wall Street Zen upgraded EPR Properties from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Stifel Nicolaus increased their target price on EPR Properties from $65.00 to $65.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. UBS Group increased their target price on EPR Properties from $56.00 to $62.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of EPR Properties in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EPR Properties has an average rating of "Hold" and a consensus price target of $57.36.

EPR Properties Stock Performance

EPR Properties stock opened at $54.84 on Monday. The firm has a market capitalization of $4.17 billion, a P/E ratio of 27.01, a PEG ratio of 4.19 and a beta of 1.33. The company has a current ratio of 7.77, a quick ratio of 7.77 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average price of $57.51 and a 200 day moving average price of $52.50. EPR Properties has a 52 week low of $41.75 and a 52 week high of $61.24.

EPR Properties (NYSE:EPR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $1.24 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.01). The firm had revenue of $150.35 million for the quarter, compared to analyst estimates of $176.50 million. EPR Properties had a return on equity of 7.66% and a net margin of 25.28%. The business's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. Equities research analysts anticipate that EPR Properties will post 4.65 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $54.94, for a total transaction of $412,050.00. Following the sale, the executive vice president directly owned 96,377 shares in the company, valued at approximately $5,294,952.38. This represents a 7.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.31% of the stock is currently owned by corporate insiders.

Institutional Trading of EPR Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. raised its position in shares of EPR Properties by 58.3% during the 2nd quarter. Kovack Advisors Inc. now owns 8,532 shares of the real estate investment trust's stock worth $497,000 after purchasing an additional 3,143 shares during the period. Simon Quick Advisors LLC raised its position in shares of EPR Properties by 179.2% during the 2nd quarter. Simon Quick Advisors LLC now owns 12,021 shares of the real estate investment trust's stock worth $700,000 after purchasing an additional 7,716 shares during the period. Retirement Systems of Alabama raised its position in shares of EPR Properties by 0.9% during the 2nd quarter. Retirement Systems of Alabama now owns 92,973 shares of the real estate investment trust's stock worth $5,417,000 after purchasing an additional 800 shares during the period. Assetmark Inc. raised its position in shares of EPR Properties by 27.3% during the 2nd quarter. Assetmark Inc. now owns 16,093 shares of the real estate investment trust's stock worth $938,000 after purchasing an additional 3,451 shares during the period. Finally, Hantz Financial Services Inc. increased its position in EPR Properties by 61.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,133 shares of the real estate investment trust's stock valued at $66,000 after acquiring an additional 431 shares during the period. 74.66% of the stock is currently owned by institutional investors and hedge funds.

EPR Properties Company Profile

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.