B.Riley FBR Sticks to Its Hold Rating for EPR Properties

By Ryan Adsit

In a report released yesterday, David Corak from B.Riley FBR reiterated a Hold rating on EPR Properties (NYSE: EPR), with a price target of $80. The company’s shares closed yesterday at $57.63, close to its 52-week low of $54.95.

Corak noted:

“EPR Properties (EPR) reported a noisy quarter highlighted by one of its early education tenants filing for Chapter 11 bankruptcy, and the subsequent $0.10 reduction to its 2018 FFO as adjusted guidance on the midpoint. While not unexpected, there appears to be ample uncertainty around the situation on the horizon. Further, the company reduced its investment spend guidance by $200 million and increased its disposition guidance by $225 million due to its current equity cost of capital. That being said, management noted that all other tenants are current on rent and have not added anyone to the watch list for 2018. In terms of its outlook on its theater business, management is very optimistic and believes 2018 box office revenues should bounce back from 2017 levels. Further, ski operators look flat relative to last year and TopGolf continues to thrive. We continue to remain on the sidelines for now and reiterate our Neutral rating.”

According to TipRanks.com, Corak is ranked 0 out of 5 stars with an average return of -3.7% and a 33.6% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and NorthStar Realty Europe Corp.

EPR Properties has an analyst consensus of Hold, with a price target consensus of $68.50.

The company has a one-year high of $77 and a one-year low of $54.95. Currently, EPR Properties has an average volume of 551.1K.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

EPR Properties is a real estate investment trust. It engages in the development, finance, and leasing of theatres, entertainment retail and family entertainment centers. It operates through the following segments: Entertainment, Education, Recreation, and Other.