KeyCorp Weighs in on EPR Properties’ Q1 2024 Earnings (NYSE:EPR)

Posted by Defense World Staff on Jun 5th, 2023

EPR Properties (NYSE:EPR – Get Rating) – Analysts at KeyCorp issued their Q1 2024 earnings estimates for shares of EPR Properties in a report released on Thursday, June 1st. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will post earnings per share of $1.13 for the quarter. The consensus estimate for EPR Properties’ current full-year earnings is $4.75 per share. KeyCorp also issued estimates for EPR Properties’ Q2 2024 earnings at $1.13 EPS, Q3 2024 earnings at $1.15 EPS and Q4 2024 earnings at $1.18 EPS.

EPR has been the topic of a number of other research reports. StockNews.com started coverage on shares of EPR Properties in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. JMP Securities started coverage on shares of EPR Properties in a research note on Wednesday, March 22nd. They issued a “market perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EPR Properties currently has a consensus rating of “Moderate Buy” and an average price target of $50.33.

EPR Properties Stock Up 6.1 %

Shares of EPR opened at $43.89 on Monday. The firm has a market cap of $3.30 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The company’s fifty day moving average is $40.48 and its two-hundred day moving average is $40.20. EPR Properties has a fifty-two week low of $33.92 and a fifty-two week high of $55.90. The company has a quick ratio of 8.01, a current ratio of 8.01 and a debt-to-equity ratio of 1.11.

EPR Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.275 per share. This represents a $3.30 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend is Tuesday, May 30th. EPR Properties’s dividend payout ratio (DPR) is 147.98%.

Institutional Investors Weigh In On EPR Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPR. PGGM Investments purchased a new stake in EPR Properties during the 3rd quarter worth $48,027,000. Norges Bank acquired a new position in EPR Properties during the 4th quarter worth $30,670,000. Millennium Management LLC grew its holdings in EPR Properties by 489.9% during the 4th quarter. Millennium Management LLC now owns 827,848 shares of the real estate investment trust’s stock worth $31,226,000 after acquiring an additional 687,512 shares in the last quarter. State Street Corp grew its holdings in EPR Properties by 14.6% during the 1st quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock worth $226,203,000 after acquiring an additional 523,061 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in EPR Properties by 903.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 556,189 shares of the real estate investment trust’s stock worth $2,044,000 after acquiring an additional 500,745 shares in the last quarter. Hedge funds and other institutional investors own 77.57% of the company’s stock.

About EPR Properties

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