Summit Global Investments Purchases Shares of 29,698 EPR Properties (NYSE:EPR)

Summit Global Investments purchased a new stake in EPR Properties (NYSE:EPR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 29,698 shares of the real estate investment trust’s stock, valued at approximately $1,247,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC acquired a new position in shares of EPR Properties during the 4th quarter worth about $25,000. GAMMA Investing LLC increased its stake in shares of EPR Properties by 262.2% during the 2nd quarter. GAMMA Investing LLC now owns 594 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 430 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of EPR Properties during the 4th quarter worth about $31,000. Mather Group LLC. acquired a new position in shares of EPR Properties during the 1st quarter worth about $36,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of EPR Properties by 53.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 902 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 315 shares during the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.

EPR Properties Trading Up 1.1 %

NYSE EPR traded up $0.52 on Wednesday, hitting $45.87. The company’s stock had a trading volume of 222,515 shares, compared to its average volume of 621,003. The company has a quick ratio of 8.45, a current ratio of 11.12 and a debt-to-equity ratio of 1.16. EPR Properties has a 1-year low of $39.65 and a 1-year high of $49.10. The company’s 50-day moving average is $43.01 and its 200 day moving average is $42.08. The firm has a market cap of $3.47 billion, a PE ratio of 22.34 and a beta of 1.73.

EPR Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.285 dividend. This represents a $3.42 annualized dividend and a yield of 7.46%. The ex-dividend date is Friday, August 30th. EPR Properties’s dividend payout ratio (DPR) is currently 168.47%.

Insider Buying and Selling at EPR Properties

In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $43.82, for a total value of $25,941.44. Following the transaction, the senior vice president now directly owns 5,780 shares of the company’s stock, valued at $253,279.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com lowered shares of EPR Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of EPR Properties from $42.50 to $47.50 and gave the company a “hold” rating in a research note on Thursday, August 1st. Bank of America lowered shares of EPR Properties from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $45.00 to $40.00 in a research note on Monday, May 20th. JMP Securities reissued a “market perform” rating on shares of EPR Properties in a report on Friday, June 14th. Finally, Truist Financial boosted their price objective on shares of EPR Properties from $44.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.50.

EPR Properties 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.