Citigroup Increases EPR Properties (EPR) Price Target to $70.00

EPR Properties (NYSE:EPR) had its price target hoisted by investment analysts at Citigroup from $65.00 to $70.00 in a note issued to investors on Thursday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Citigroup’s price objective suggests a potential upside of 2.49% from the company’s previous close.

Other research analysts have also issued research reports about the company. TheStreet raised EPR Properties from a “c” rating to a “b” rating in a report on Wednesday, August 1st. Royal Bank of Canada reissued a “buy” rating and set a $71.00 price objective on shares of EPR Properties in a report on Wednesday, August 15th. Zacks Investment Research upgraded EPR Properties from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Monday, August 6th. ValuEngine upgraded EPR Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Stifel Nicolaus boosted their target price on EPR Properties from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $70.44.

EPR Properties stock traded down $1.00 during midday trading on Thursday, reaching $68.30. The stock had a trading volume of 662,734 shares, compared to its average volume of 560,287. EPR Properties has a 12 month low of $51.87 and a 12 month high of $71.00.

EPR Properties (NYSE:EPR) last announced its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.18. The business had revenue of $176.40 million for the quarter, compared to analysts’ expectations of $157.09 million. EPR Properties had a return on equity of 9.62% and a net margin of 40.84%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 EPS.

In related news, SVP Michael L. Hirons sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $69.97, for a total value of $489,790.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.36% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its position in EPR Properties by 11.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 425,309 shares of the real estate investment trust’s stock valued at $27,556,000 after purchasing an additional 43,391 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in EPR Properties by 40.7% in the second quarter. BNP Paribas Arbitrage SA now owns 23,583 shares of the real estate investment trust’s stock valued at $1,528,000 after purchasing an additional 6,822 shares during the last quarter. Lake Street Advisors Group LLC bought a new stake in EPR Properties in the second quarter valued at approximately $900,000. Principal Financial Group Inc. lifted its position in EPR Properties by 38.3% in the first quarter. Principal Financial Group Inc. now owns 5,105,162 shares of the real estate investment trust’s stock valued at $282,826,000 after purchasing an additional 1,412,865 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its position in EPR Properties by 142.9% in the second quarter. Riverhead Capital Management LLC now owns 32,887 shares of the real estate investment trust’s stock valued at $2,131,000 after purchasing an additional 19,350 shares during the last quarter. Institutional investors own 89.46% of the company’s stock.

EPR Properties Company Profile

EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.

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