EPR Properties (EPR) Shares Down 0.9% Following Analyst Downgrade
Shares of EPR Properties (NYSE:EPR) were down 0.9% during trading on Friday after Stifel Nicolaus lowered their price target on the stock from $76.00 to $61.00. Stifel Nicolaus currently has a hold rating on the stock. EPR Properties traded as low as $51.87 and last traded at $53.64. Approximately 371,230 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 650,075 shares. The stock had previously closed at $53.18.
Several other analysts also recently commented on EPR. Zacks Investment Research raised shares of EPR Properties from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Tuesday, November 7th. B. Riley reaffirmed a “neutral” rating on shares of EPR Properties in a report on Wednesday, November 1st. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of EPR Properties in a report on Monday, November 13th. JPMorgan Chase & Co. downgraded shares of EPR Properties from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Finally, SunTrust Banks initiated coverage on shares of EPR Properties in a report on Tuesday, December 19th. They set a “hold” rating and a $69.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $72.00.
In related news, SVP Craig L. Evans sold 14,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $60.03, for a total transaction of $840,420.00. Following the completion of the sale, the senior vice president now directly owns 38,384 shares of the company’s stock, valued at approximately $2,304,191.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael L. Hirons sold 9,359 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $67.54, for a total transaction of $632,106.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,459 shares of company stock valued at $1,615,516. 1.50% of the stock is owned by insiders.
The company has a debt-to-equity ratio of 1.03, a quick ratio of 7.88 and a current ratio of 8.20. The stock has a market capitalization of $3,990.00, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.85 and a beta of 0.46.
EPR Properties (NYSE:EPR) last issued its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.70). EPR Properties had a net margin of 45.65% and a return on equity of 9.60%. The company had revenue of $147.70 million during the quarter, compared to the consensus estimate of $151.87 million. During the same period last year, the company earned $1.26 earnings per share. EPR Properties’s revenue for the quarter was up 12.9% on a year-over-year basis. analysts predict that EPR Properties will post 5.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from EPR Properties’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a yield of 2.66%. EPR Properties’s dividend payout ratio is 131.71%.
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EPR Properties Company Profile
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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