EPR Properties (NYSE:EPR) Releases FY 2024 Earnings Guidance

EPR Properties (NYSE:EPR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.800-4.920 for the period, compared to the consensus estimate of 4.860. The company issued revenue guidance of -. EPR Properties also updated its FY24 guidance to $4.80-$4.92 EPS.

EPR Properties Trading Down 1.2 %

EPR stock traded down $0.53 during midday trading on Friday, reaching $44.84. The stock had a trading volume of 474,020 shares, compared to its average volume of 587,976. The business has a fifty day simple moving average of $47.91 and a two-hundred day simple moving average of $44.26. The company has a quick ratio of 11.12, a current ratio of 11.12 and a debt-to-equity ratio of 1.16. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 19.41 and a beta of 1.75. EPR Properties has a twelve month low of $39.65 and a twelve month high of $50.26.

EPR Properties Dividend Announcement

The business also recently announced a oct 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 6.9%. EPR Properties’s payout ratio is currently 148.05%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EPR shares. Wells Fargo & Company reiterated an “underweight” rating and set a $47.00 price objective (up previously from $45.00) on shares of EPR Properties in a report on Tuesday, October 1st. Truist Financial boosted their target price on EPR Properties from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 16th. JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a research note on Tuesday, September 24th. Royal Bank of Canada upgraded EPR Properties from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $50.00 in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EPR Properties has a consensus rating of “Hold” and a consensus target price of $48.31.

Insider Buying and Selling at EPR Properties

In other EPR Properties news, CAO Tonya L. Mater sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the transaction, the chief accounting officer now directly owns 42,710 shares of the company’s stock, valued at $1,964,660. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 592 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $43.82, for a total transaction of $25,941.44. Following the completion of the transaction, the senior vice president now owns 5,780 shares of the company’s stock, valued at approximately $253,279.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonya L. Mater sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the transaction, the chief accounting officer now directly owns 42,710 shares of the company’s stock, valued at approximately $1,964,660. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.13% 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.