Seeking Alpha

EPR Properties (EPR)

  • Thu, Sep. 17, 9:38 AM
    • Ladenburg Thalmann upgrades EPR Properties (EPR +1.9%) to Buy from Neutral. The $61 price target is about 20% above last night's close.
    • EPR touched a 52-week high of nearly $65 per share in mid-January and has slid since, with the downtrend trend speeding amid the broader market issues since early August.
    | Thu, Sep. 17, 9:38 AM | 3 Comments
  • Tue, Feb. 10, 9:59 AM
    • After more than a 20% run higher in the past 3+ months for EPR Properties (EPR -2%), Ladenburg Thalman joins Citigroup in ringing the register, with Ladenburg downgrading to Neutral from Buy today, following Citi's same move yesterday.
    | Tue, Feb. 10, 9:59 AM | Comment!
  • Oct. 10, 2014, 9:54 AM
    • Entertainment Properties Trust (EPR +1.8%) has its tail in the air early after BAML opens coverage on the name with a Buy rating. Earlier this week, FBR upgraded the stock to Outperform with $60 price target amid a record-setting October weekend box office tally.
    | Oct. 10, 2014, 9:54 AM | Comment!
  • Oct. 6, 2014, 10:28 AM
    • FBR lifts EPR Properties (EPR +1.5%) to outperform with $60 price target.
    • Not hurting is an earlier report of this weekend's box office tally being the best-ever for October.
    | Oct. 6, 2014, 10:28 AM | Comment!
  • Sep. 18, 2014, 9:02 AM
    • The 3.2M share offering priced at $52.25 each, and the underwriters have an option to buy another 480K shares at that price. Net proceeds to EPR should be about $160.2M.
    • Source: Press Release
    • Shares -4.1% to $52.40 premarket
    • Previously: EPR Properties announces secondary
    | Sep. 18, 2014, 9:02 AM | Comment!
  • Sep. 17, 2014, 4:13 PM
    • The company is offering 3.2M shares with an underwriter greenshoe option for another 480K shares. Net proceeds will be used to pay down the credit line.
    • Source: Press Release
    • EPR -1.4% AH
    | Sep. 17, 2014, 4:13 PM | Comment!
  • Jul. 24, 2014, 5:00 PM
    • Adjusted FFO of $52M or $0.97 per share vs. $46.4M or $0.98 one year ago. Dividends declared of $0.855 for a payout ratio of 88%, up from 81% a year ago.
    • Investment spending during Q2 of $251.3M brings YTD total to $319.7M.
    • FY14 investment spending guidance boosted to $550M-$600M from the prior $500M-$550M range. FY14 AFFO is confirmed at $4.00-$4.10.
    • Previously: EPR Properties FFO in-line, beats on revenue
    • EPR -3.3% AH
    | Jul. 24, 2014, 5:00 PM | Comment!
  • Oct. 23, 2013, 11:45 AM
    • "This is taking the number two and number three net-lease REITs and creating kind of a game-over, category-killer in the sector," says Cole Real Estate (COLE +8.7%) CEO Marc Nemer of the deal to sell itself to American Realty Capital Properties (ARCP -1.5%) for $11.2B in cash and stock. The combined company will push into first place in size in the popular triple-net-lease sector, surpassing Realty Income (O +0.7%).
    • ARCP's acquisition-happy chief Nicholas Schorsch in the past has typically raised private money for non-traded REITs and then sold the portfolios to ARCP in order to cash out his investors, but this is a massive public deal. "How many REITs have the ability to raise both public and private capital," he says. "The ability for us to acquire non-traded REITs, either whole or in part, is only increased" by this Cole deal.
    • S&P 500 inclusion next? The investor presentation (slide 8) notes the combined company's market cap will be larger than index constituents Kimco Realty and Macerich.
    • Under the impression the CEOs of the two companies hated each other, SNL Financial's Jake Mooney wants the backstory. Earlier this year: Still a non-traded REIT, Cole rebuffs ARCP's buyout attempt for $9.7B.
    • Earlier today: The deal announcement.
    • Other triple-net players: National Retail (NNN +1.2%), W.P. Carey (WPC +1%), Spirit Realty (SRC +3.2%), EPR Properties (EPR +0.8%).
    | Oct. 23, 2013, 11:45 AM | 1 Comment
  • May 7, 2013, 3:25 PM
    Gramercy Property Trust (GPT +1%) moves about 3% off the session low as the earnings call/business plan update reveals a management focused and executing on its plan to turn the company into a pure play equity REIT. The implied cap rate (pg. 27-31) of net lease companies (O, WPC, NNN, LXP, EPR, SRC, ARCP,GTY) of 5%-6.5% is far below the 7.5%-8.5% Gramercy is closing deals at - "(the) widest arbitrage in our experience."
    | May 7, 2013, 3:25 PM | 4 Comments
Company Description
EPR Properties is a specialty real estate investment trust. It develops, owns, leases and finances properties in select market segments related to Entertainment, Education and Recreation.
Sector: Financial
Industry: REIT - Retail
Country: United States