EPR Properties (NYSE:EPR) Upgraded to Outperform by Royal Bank of Canada

Royal Bank of Canada upgraded shares of EPR Properties (NYSE:EPR) from a sector perform rating to an outperform rating in a research note released on Monday morning, Marketbeat reports. Royal Bank of Canada currently has $50.00 price target on the real estate investment trust’s stock, up from their previous price target of $48.00.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus lifted their price target on EPR Properties from $42.50 to $47.50 and gave the company a hold rating in a research note on Thursday, August 1st. JMP Securities restated a market perform rating on shares of EPR Properties in a research report on Friday, June 14th. StockNews.com lowered EPR Properties from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Bank of America lowered EPR Properties from a neutral rating to an underperform rating and reduced their price objective for the stock from $45.00 to $40.00 in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $47.50.

EPR Properties Trading Down 1.0 %

Shares of EPR opened at $43.58 on Monday. EPR Properties has a 52-week low of $39.65 and a 52-week high of $49.10. The business’s fifty day moving average is $42.38 and its 200-day moving average is $42.12. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.45 and a current ratio of 11.12. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 21.47 and a beta of 1.73.

EPR Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $3.42 dividend on an annualized basis and a yield of 7.85%. EPR Properties’s payout ratio is currently 168.47%.

Insider Buying and Selling at EPR Properties

In related news, SVP Gwendolyn Mary Johnson sold 592 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $43.82, for a total transaction of $25,941.44. Following the transaction, the senior vice president now directly owns 5,780 shares of the company’s stock, valued at $253,279.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On EPR Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC purchased a new stake in EPR Properties in the 4th quarter valued at $25,000. GAMMA Investing LLC raised its holdings in shares of EPR Properties by 262.2% in the second quarter. GAMMA Investing LLC now owns 594 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 430 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of EPR Properties in the fourth quarter valued at about $31,000. Mather Group LLC. bought a new position in shares of EPR Properties during the first quarter valued at about $36,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in EPR Properties by 53.7% during the first quarter. Abich Financial Wealth Management LLC now owns 902 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 315 shares during the last quarter. 74.66% of the stock is owned by 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.