Ontario Teachers Pension Plan Board Trims Position in EPR Properties (NYSE:EPR)

Ontario Teachers Pension Plan Board lessened its stake in shares of EPR Properties (NYSE:EPR) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,595 shares of the real estate investment trust’s stock after selling 4,253 shares during the period. Ontario Teachers Pension Plan Board owned 0.07% of EPR Properties worth $2,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of EPR. Principal Securities Inc. purchased a new position in shares of EPR Properties during the 4th quarter worth $31,000. Venturi Wealth Management LLC raised its holdings in EPR Properties by 59.5% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 307 shares during the period. NBC Securities Inc. purchased a new stake in EPR Properties in the 3rd quarter valued at about $44,000. Signaturefd LLC raised its holdings in EPR Properties by 39.0% in the 3rd quarter. Signaturefd LLC now owns 3,551 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 997 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in EPR Properties by 37.8% in the 4th quarter. Global Retirement Partners LLC now owns 3,286 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 901 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Bank of America lowered shares of EPR Properties from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $45.00 to $40.00 in a research note on Monday. Truist Financial lowered their price target on EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Finally, JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, EPR Properties has an average rating of “Hold” and an average price target of $47.55.

EPR Properties Trading Down 1.0 %

NYSE:EPR traded down $0.42 during mid-day trading on Thursday, reaching $40.97. The company’s stock had a trading volume of 155,273 shares, compared to its average volume of 644,372. The company’s fifty day simple moving average is $41.47 and its two-hundred day simple moving average is $43.81. The company has a debt-to-equity ratio of 1.15, a current ratio of 8.45 and a quick ratio of 8.45. EPR Properties has a twelve month low of $39.65 and a twelve month high of $49.10. The stock has a market cap of $3.10 billion, a P/E ratio of 20.38 and a beta of 1.64.

EPR Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.285 dividend. This represents a $3.42 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date of this dividend is Friday, May 31st. EPR Properties’s payout ratio is 168.47%.

EPR Properties Company Profile

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.