EPR Properties (NYSE:EPR) Raised to Buy at Zacks Investment Research

EPR Properties (NYSE:EPR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. The brokerage currently has a $56.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 9.50% from the company’s previous close.

According to Zacks, “EPR Properties is specialty real estate investment trust that invests in three primary segments: Entertainment, Recreation and Education. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. EPR Properties is based in Kansas City, Missouri. “

A number of other equities research analysts also recently weighed in on the stock. TheStreet raised shares of EPR Properties from a “d+” rating to a “c” rating in a research report on Tuesday, November 9th. Citigroup boosted their price objective on shares of EPR Properties from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of EPR Properties from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Monday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.14.

Shares of EPR Properties stock traded up $0.89 during trading on Thursday, reaching $51.14. The company had a trading volume of 449,944 shares, compared to its average volume of 673,873. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 393.41, a price-to-earnings-growth ratio of 0.70 and a beta of 1.77. The firm’s fifty day moving average is $51.25 and its 200-day moving average is $51.04. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.89 and a current ratio of 6.89. EPR Properties has a fifty-two week low of $29.79 and a fifty-two week high of $56.07.

EPR Properties (NYSE:EPR) last issued its earnings results on Wednesday, November 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.45). The company had revenue of $139.60 million during the quarter, compared to analyst estimates of $125.68 million. EPR Properties had a net margin of 7.25% and a return on equity of 1.29%. The business’s revenue for the quarter was up 118.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS. On average, research analysts anticipate that EPR Properties will post 2.84 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in EPR Properties by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 774,440 shares of the real estate investment trust’s stock worth $38,241,000 after purchasing an additional 3,166 shares during the last quarter. Cetera Advisor Networks LLC grew its position in EPR Properties by 38.2% in the 3rd quarter. Cetera Advisor Networks LLC now owns 5,992 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 1,656 shares during the last quarter. Janus Henderson Group PLC bought a new position in EPR Properties in the 3rd quarter worth about $372,000. Brookfield Asset Management Inc. grew its position in EPR Properties by 150.9% in the 3rd quarter. Brookfield Asset Management Inc. now owns 1,497,622 shares of the real estate investment trust’s stock worth $73,953,000 after purchasing an additional 900,649 shares during the last quarter. Finally, National Asset Management Inc. bought a new position in EPR Properties in the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 78.41% of the company’s stock.

EPR Properties Company Profile

EPR Properties operates as a real estate investment trust. The firm engages in the development, finance and leasing of theatres, entertainment retail and family entertainment centers. It operates through the following segments: Entertainment and Education. The Entertainment segment includes investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.

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