Tyson Foods to close major Nebraska beef plant amid cattle shortage - WSJ
Investing.com - Truist Securities has raised its price target on EPR Properties (NYSE:EPR) to $57.00 from $55.00 while maintaining a Hold rating on the stock.
The adjustment comes as Truist slightly increases its normalized funds from operations (FFO) estimates for EPR, primarily driven by lower interest expense, higher rent, and higher FFO from joint ventures. These positive factors were partially offset by fewer expected 2025 investments and other minor model adjustments.
Truist has lowered its 2025 FFO estimate to $4.91 per share from $5.05 per share, citing provision for credit losses, retirement and severance expenses, and transaction costs recorded in the third quarter of 2025. However, excluding these non-recurring items, the firm’s 2025 normalized FFO estimate increases to $5.10 per share from $5.08 per share.
The revised normalized FFO estimate falls within management’s adjusted guidance range of $5.05-$5.13 per share and sits slightly above the consensus estimate of $5.08 per share.
According to Truist, EPR Properties still trades at a moderate discount to net asset value (NAV) with an 8.9% implied capitalization rate, and the firm notes that select theater and education asset sales could continue to be a source of funding along with strong free cash flow.
In other recent news, EPR Properties has announced the pricing of a $550 million public offering of 4.750% Senior Notes due in 2030, with the closing expected in November 2025, pending customary conditions. The company also declared a monthly cash dividend of $0.295 per common share, payable in October 2025, along with quarterly dividends for its preferred shareholders. In terms of analyst activity, JPMorgan has raised its price target for EPR Properties to $65, citing improved performance expectations and maintaining an Overweight rating. Additionally, Wells Fargo has upgraded EPR Properties from Underweight to Equal Weight, following the company’s $200 million land sale to Genting Malaysia, which was noted for its attractive yield. Citizens has reiterated its Market Perform rating on the stock, acknowledging EPR’s exposure to the movie theater industry, which constitutes 37% of its EBITDA. The company is also in the process of selling its lone casino asset, which is expected to improve its leverage position. These developments reflect a period of active financial and strategic maneuvers for EPR Properties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.