JPMorgan Chase & Co. Boosts EPR Properties (NYSE:EPR) Price Target to $51.00

EPR Properties (NYSE:EPR) had its price target lifted by JPMorgan Chase & Co. from $48.00 to $51.00 in a report published on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on EPR. Truist Financial raised their price target on shares of EPR Properties from $44.00 to $46.00 and gave the company a hold rating in a research report on Friday, August 16th. JMP Securities reissued a market perform rating on shares of EPR Properties in a research report on Friday, June 14th. Royal Bank of Canada upgraded shares of EPR Properties from a sector perform rating to an outperform rating and raised their target price for the stock from $48.00 to $50.00 in a report on Monday, August 5th. Raymond James upgraded shares of EPR Properties from an outperform rating to a strong-buy rating and set a $54.00 target price on the stock in a report on Wednesday, August 21st. Finally, Stifel Nicolaus raised their target price on shares of EPR Properties from $42.50 to $47.50 and gave the stock a hold rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EPR Properties presently has a consensus rating of Hold and a consensus price target of $48.06.

EPR Properties Price Performance

Shares of EPR opened at $47.65 on Monday. The company has a market capitalization of $3.61 billion, a P/E ratio of 23.47 and a beta of 1.75. 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 50 day moving average of $45.17 and a 200 day moving average of $42.67. EPR Properties has a twelve month low of $39.65 and a twelve month high of $49.10.

EPR Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.285 per share. This represents a $3.42 annualized dividend and a dividend yield of 7.18%. The ex-dividend date is Friday, August 30th. EPR Properties’s dividend payout ratio is presently 168.47%.

Insider Transactions at EPR Properties

In other news, SVP Gwendolyn Mary Johnson sold 592 shares of EPR Properties 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 owns 5,780 shares in the company, valued at approximately $253,279.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Tonya L. Mater sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the transaction, the chief accounting officer now owns 42,710 shares of the company’s stock, valued at approximately $1,964,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gwendolyn Mary Johnson sold 592 shares of the company’s stock in a transaction on 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 directly owns 5,780 shares of the company’s stock, valued at approximately $253,279.60. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in EPR Properties by 2.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 54,306 shares of the real estate investment trust’s stock worth $2,295,000 after buying an additional 1,484 shares during the period. Vanguard Group Inc. lifted its stake in EPR Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 11,366,416 shares of the real estate investment trust’s stock worth $482,504,000 after purchasing an additional 109,144 shares in the last quarter. LSV Asset Management lifted its stake in EPR Properties by 2.0% in the 1st quarter. LSV Asset Management now owns 1,134,354 shares of the real estate investment trust’s stock worth $48,153,000 after purchasing an additional 21,900 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in EPR Properties by 47.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 78,854 shares of the real estate investment trust’s stock worth $3,347,000 after purchasing an additional 25,259 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in EPR Properties by 93.9% in the 4th quarter. Allianz Asset Management GmbH now owns 89,195 shares of the real estate investment trust’s stock worth $4,321,000 after purchasing an additional 43,190 shares in the last quarter. Institutional investors 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.