EPR Properties (NYSE:EPR) Given New $58.00 Price Target at Royal Bank of Canada

EPR Properties (NYSE:EPR) had its price target raised by Royal Bank of Canada from $50.00 to $58.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 9.85% from the company’s current price.

EPR has been the topic of several other research reports. Stifel Nicolaus upped 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. UBS Group began coverage on EPR Properties in a report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $49.50.

EPR Properties Price Performance

EPR stock traded down $0.58 during trading hours on Thursday, hitting $52.80. 36,909 shares of the stock traded hands, compared to its average volume of 674,113. The stock has a 50-day simple moving average of $47.43 and a 200 day simple moving average of $46.85. The company has a market cap of $4.00 billion, a P/E ratio of 22.86 and a beta of 1.75. EPR Properties has a one year low of $39.65 and a one year high of $54.25. 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 issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.56. The company had revenue of $149.12 million during the quarter, compared to the consensus estimate of $161.25 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. Equities analysts forecast that EPR Properties will post 4.65 earnings per share for the current year.

Insider Transactions at EPR Properties

In other news, SVP Gwendolyn Mary Johnson sold 3,900 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $54.02, for a total value of $210,678.00. Following the completion of the sale, the senior vice president now directly owns 8,216 shares of the company’s stock, valued at $443,828.32. This represents a 32.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC acquired a new stake in shares of EPR Properties during the 4th quarter valued at $302,313,000. Norges Bank purchased a new stake in shares of EPR Properties during the fourth quarter worth $41,148,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in EPR Properties by 304.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,621 shares of the real estate investment trust’s stock valued at $22,442,000 after purchasing an additional 344,544 shares during the last quarter. American Century Companies Inc. grew its stake in EPR Properties by 44.6% in the fourth quarter. American Century Companies Inc. now owns 1,085,947 shares of the real estate investment trust’s stock valued at $48,086,000 after purchasing an additional 334,943 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in EPR Properties in the 4th quarter worth about $13,145,000. Institutional investors and hedge funds own 74.66% 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.