Truist Financial Forecasts Strong Price Appreciation for EPR Properties (NYSE:EPR) Stock

EPR Properties (NYSE:EPR) had its price objective lifted by Truist Financial from $51.00 to $53.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other brokerages also recently issued reports on EPR. Stifel Nicolaus lifted their price target on EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada lifted their price target on shares of EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EPR Properties currently has an average rating of “Hold” and a consensus price target of $51.00.

EPR Properties Stock Performance

Shares of EPR Properties stock opened at $51.96 on Monday. EPR Properties has a 12 month low of $39.66 and a 12 month high of $54.25. The stock’s fifty day moving average price is $49.35 and its 200-day moving average price is $47.29. The firm has a market cap of $3.95 billion, a P/E ratio of 22.49 and a beta of 1.72. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19.

EPR Properties (NYSE:EPR) last posted its earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The business had revenue of $149.12 million for the quarter, compared to the consensus estimate of $161.25 million. On average, equities research analysts expect that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.54 dividend on an annualized basis and a yield of 6.81%. This is a boost from EPR Properties’s previous monthly dividend of $0.29. EPR Properties’s payout ratio is currently 221.25%.

Insider Buying and Selling at EPR Properties

In other EPR Properties news, SVP Brian Andrew Moriarty sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the sale, the senior vice president now directly owns 15,299 shares of the company’s stock, valued at approximately $795,395.01. This trade represents a 14.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tonya L. Mater sold 3,120 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the transaction, the chief accounting officer now directly owns 46,827 shares of the company’s stock, valued at approximately $2,430,321.30. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,520 shares of company stock worth $502,581. 2.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in EPR Properties in the 3rd quarter worth approximately $27,000. Synergy Investment Management LLC purchased a new stake in EPR Properties during the fourth quarter worth $27,000. GAMMA Investing LLC boosted its holdings in EPR Properties by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 302 shares in the last quarter. Principal Securities Inc. grew its position in EPR Properties by 54.5% during the fourth quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 457 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of EPR Properties in the fourth quarter worth about $60,000. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

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.