EPR Properties (NYSE:EPR) Given New $65.50 Price Target at Stifel Nicolaus

Key Points

• Analysts at Stifel Nicolaus have increased their price target for EPR Properties from $65.00 to $65.50, indicating a potential upside of 18.64% from the company's previous closing price.
• Despite a missed earnings target, EPR Properties reported a 3.7% increase in revenue compared to the same quarter last year, with revenue of $150.35 million for the latest quarter.
• EPR Properties' stock has recently traded down by 2.1% to $55.21, with analysts rating the stock as an average "Moderate Buy" and setting an average price target of $57.36.

EPR Properties (NYSE:EPR - Get Free Report) had its price objective upped by analysts at Stifel Nicolaus from $65.00 to $65.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Stifel Nicolaus' target price would suggest a potential upside of 18.64% from the company's previous close.

Other research analysts also recently issued research reports about the company. Raymond James Financial reissued a "strong-buy" rating on shares of EPR Properties in a research note on Friday, May 23rd. Wells Fargo & Company increased their price target on EPR Properties from $52.00 to $53.00 and gave the stock an "underweight" rating in a report on Monday, June 2nd. Truist Financial increased their price target on EPR Properties from $53.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, May 19th. Wall Street Zen upgraded EPR Properties from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, UBS Group increased their price target on EPR Properties from $56.00 to $62.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EPR Properties currently has an average rating of "Moderate Buy" and an average price target of $57.36.

EPR Properties Stock Down 2.1%

Shares of NYSE EPR traded down $1.19 during midday trading on Thursday, reaching $55.21. The company's stock had a trading volume of 826,478 shares, compared to its average volume of 740,140. The company has a current ratio of 8.28, a quick ratio of 8.28 and a debt-to-equity ratio of 1.20. EPR Properties has a fifty-two week low of $41.75 and a fifty-two week high of $61.24. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 4.34 and a beta of 1.27. The stock has a 50 day simple moving average of $57.41 and a 200-day simple moving average of $52.28.

EPR Properties (NYSE:EPR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). EPR Properties had a return on equity of 6.30% and a net margin of 21.13%. The company had revenue of $150.35 million for the quarter, compared to the consensus estimate of $176.50 million. During the same period last year, the firm earned $1.22 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts predict that EPR Properties will post 4.65 earnings per share for the current year.

Insider Activity

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $58.37, for a total transaction of $437,775.00. Following the transaction, the executive vice president directly owned 103,877 shares of the company's stock, valued at $6,063,300.49. This represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.31% of the stock is currently owned by insiders.

Institutional Trading of EPR Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in EPR Properties by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 685,542 shares of the real estate investment trust's stock valued at $30,356,000 after buying an additional 12,425 shares in the last quarter. Norges Bank purchased a new position in shares of EPR Properties in the 4th quarter valued at $41,148,000. Pictet Asset Management Holding SA grew its stake in EPR Properties by 6.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 23,827 shares of the real estate investment trust's stock worth $1,055,000 after buying an additional 1,470 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in EPR Properties during the 4th quarter worth $60,000. Finally, CIBC Private Wealth Group LLC grew its stake in EPR Properties by 15.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,787 shares of the real estate investment trust's stock worth $260,000 after buying an additional 787 shares during the last quarter. Hedge funds and other institutional investors own 74.66% of the company's stock.

About EPR Properties

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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