UPDATE: J.P. Morgan Reiterates Neutral Rating, Raises PT on EPR Properties Following 1Q Results

In a report published Friday, J.P. Morgan analyst Anthony Paolone reiterated a Neutral rating on EPR Properties

, and slightly raised the price target from $59.00 to $60.00. In the report, Paolone noted, “After 1Q results, we are maintaining our 2013 and our 2014 FFO/share estimates of $3.93 and $4.26, respectively. Our 2013 FFO/share estimate of $3.93 sits at the higher end of Management's guidance range of $3.79 - $3.94, and $0.01 below the Bloomberg consensus. Our 2014 FFO/share estimate of $4.26 is $0.08 above the Bloomberg consensus. Finally, we are raising our price target by $1 to $60 to account for slightly higher cash flows (dividends) in our DCF. EPR should look attractive for investors interested in the net lease space and focused on value/dividends, although we maintain our Neutral rating.” EPR Properties closed on Thursday at $59.96.