RBC Capital has raised its target price by $ 1 on EPR Properties (NYSE:EPR) to $ 41.00 from the previous mark of $ 40.00, suggesting the upside potential of more than 23.68 percent from the existing levels. However, the brokerage has maintained its Outperform rating on the stock, Benzinga reported.
Shares of EPR Properties traded low $ -1.04 or -3.14 percent on Monday, reaching $ 32.11 with volume of 462.60 thousand shares. The stock opened positive for the day at $ 33.25, after closing the previous day trading at $ 33.15. According to the previous trading day, closing price of $ 33.15, representing a 163.93 % increase from the 52 week low of $ 12.56 and a 58.46 % decrease over the 52 week high of $ 79.80.
With respect to the key metrics, EPR Properties stock has declined $ -1.78 or -5.00 percent, reaching $ 33.89 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 0.72 or 2.00 percent, before arriving at $ 31.39 during the SMA50-day period.
EPR Properties recently reported second quarter financial results on August 5, 2020, after market close, the Kansas City based company announced income for the second quarter of $ 0.41 per share, from the revenue of $ 106.36 million. The quarterly earnings down 39.85 percent while revenues compared with the same quarter last year. Street analysts expected EPR Properties to report income of $ 0.06 per share on revenue of $ 105.98 million for the second quarter. The bottom line results beat street analysts by $ 0 or , at the same time, top line results outshined analysts by $ 0.38 million or 0.36 percent.
Moving ahead, the analysts surveyed by Thomson Reuters are predicting, EPR Properties to report 3Q20 income of $ 0.06 per share from revenue of $ 115.27 million. For the full year, analysts anticipate top line of $ 476.70 million, while looking forward to income of $ 0.15 per share bottom line.
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $7.3 billion and our primary investment segments are Entertainment, Recreation and Education. We adhere to rigorous underwriting and investing criteria centered on key industry and property level cash flow standards.
