’Reddit is built for this moment’ - Stock soars on crushed earnings
Brian Andrew Moriarty, Senior Vice President of Corporate Communications at EPR Properties (NYSE:EPR), a $3.94 billion market cap REIT currently trading near its 52-week high according to InvestingPro, recently sold 2,500 shares of the company. The shares were sold at a price of $51.99 each, amounting to a total transaction value of $129,975. Following this sale, Moriarty holds 15,299 shares in the real estate investment trust, which currently offers a 6.82% dividend yield and trades at a P/E ratio of 32.19. The transaction was disclosed in a filing with the Securities and Exchange Commission. For deeper insights into insider trading patterns and 12 additional InvestingPro Tips for EPR Properties, including comprehensive valuation metrics, check out the Pro Research Report.
In other recent news, EPR Properties reported mixed financial results for the fourth quarter of 2024. The company’s earnings per share (EPS) fell significantly short of expectations, coming in at -$0.19 compared to the forecasted $0.64. Despite the earnings miss, EPR Properties achieved a revenue of $177.2 million, surpassing the anticipated $143.8 million and marking an increase from $172 million the previous year. The company continues to focus on expanding its portfolio with strategic acquisitions, including Diggerland USA and Water Safari Resort.
RBC Capital Markets provided an update on EPR Properties, maintaining an Outperform rating while raising the price target from $50.00 to $58.00. The analyst, Michael Carroll, expressed optimism about the company’s strategy, projecting earnings growth of around 3% over the coming years. Carroll’s confidence is supported by the potential for improved box office results and stable organic growth. EPR Properties has also announced a 3.5% increase in its monthly cash dividend to common shareholders, reflecting a positive outlook.
Looking ahead to 2025, EPR Properties has provided guidance, projecting funds from operations (FFO) adjusted per share between $4.94 and $5.14. The company plans to invest $200-300 million in the upcoming year, with expectations of 3.5% earnings growth. Additionally, the North American box office is projected to reach $9.3-9.7 billion, indicating potential growth in the entertainment sector. These developments highlight EPR Properties’ ongoing efforts to navigate a challenging macro environment while focusing on experiential portfolio growth.
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