JPMorgan Chase & Co. Forecasts Strong Price Appreciation for EPR Properties (NYSE:EPR) Stock

Key Points

• JPMorgan Chase & Co. has raised the target price for EPR Properties' stock from $56.00 to $65.00, indicating a potential upside of 14.76% from its previous close.
• Despite the target increase from JPMorgan, EPR Properties received mixed ratings from other analysts, with one downgrading the stock from "buy" to "hold" and several changing target prices.
• EPR Properties experienced a 2.8% increase in stock price recently, indicating some market optimism despite overall fluctuations in ratings and expectations.

EPR Properties (NYSE:EPR - Free Report) had its price target raised by JPMorgan Chase & Co. from $56.00 to $65.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust's stock.

Several other analysts also recently issued reports on the company. Wall Street Zen downgraded EPR Properties from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. KeyCorp downgraded EPR Properties from an "overweight" rating to a "sector weight" rating in a report on Tuesday, August 19th. UBS Group dropped their target price on EPR Properties from $62.00 to $54.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Truist Financial boosted their price target on EPR Properties from $53.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company upgraded EPR Properties from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $54.00 to $56.00 in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $59.36.

EPR Properties Stock Performance

Shares of NYSE EPR traded up $0.62 during midday trading on Friday, reaching $57.38. 177,086 shares of the company traded hands, compared to its average volume of 800,754. EPR Properties has a 52 week low of $41.75 and a 52 week high of $61.24. The stock has a 50-day moving average price of $55.73 and a 200 day moving average price of $53.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 7.77 and a quick ratio of 7.77. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 4.11 and a beta of 1.32.

EPR Properties (NYSE:EPR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.24 earnings per share for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). EPR Properties had a net margin of 25.28% and a return on equity of 7.66%. The company had revenue of $150.35 million for the quarter, compared to the consensus estimate of $176.50 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. EPR Properties's revenue for the quarter was up 3.7% compared to the same quarter last year. EPR Properties has set its FY 2025 guidance at 5.000-5.160 EPS. Sell-side analysts anticipate that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.295 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. EPR Properties's dividend payout ratio (DPR) is 174.38%.

Insider Buying and Selling at EPR Properties

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of EPR Properties stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $53.35, for a total transaction of $400,125.00. Following the transaction, the executive vice president owned 88,877 shares in the company, valued at $4,741,587.95. The trade was a 7.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 22,500 shares of company stock worth $1,249,950. Insiders own 2.31% of the company's stock.

Hedge Funds Weigh In On EPR Properties

Several institutional investors have recently modified their holdings of the business. Deutsche Bank AG raised its position in EPR Properties by 3,816.2% in the 1st quarter. Deutsche Bank AG now owns 1,874,975 shares of the real estate investment trust's stock valued at $98,642,000 after buying an additional 1,827,098 shares during the last quarter. Norges Bank bought a new stake in shares of EPR Properties during the 2nd quarter valued at $55,093,000. Russell Investments Group Ltd. lifted its position in shares of EPR Properties by 378.0% during the 1st quarter. Russell Investments Group Ltd. now owns 821,532 shares of the real estate investment trust's stock valued at $43,221,000 after acquiring an additional 649,675 shares during the period. Prudential Financial Inc. lifted its position in shares of EPR Properties by 42.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,870,499 shares of the real estate investment trust's stock valued at $108,975,000 after acquiring an additional 553,209 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of EPR Properties during the 1st quarter valued at $21,166,000. 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.