Kovack Advisors Inc. Has $473,000 Stake in EPR Properties (NYSE:EPR)

Kovack Advisors Inc. reduced its stake in EPR Properties (NYSE:EPR) by 14.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,689 shares of the real estate investment trust’s stock after selling 1,761 shares during the quarter. Kovack Advisors Inc.’s holdings in EPR Properties were worth $473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPR. Brooklyn Investment Group acquired a new stake in EPR Properties in the 3rd quarter worth approximately $27,000. Blue Trust Inc. lifted its holdings in EPR Properties by 67.2% in the 3rd quarter. Blue Trust Inc. now owns 709 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 285 shares during the last quarter. GAMMA Investing LLC lifted its holdings in EPR Properties by 36.6% in the 4th quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 302 shares during the last quarter. Principal Securities Inc. lifted its holdings in EPR Properties by 54.5% in the 4th quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 457 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in EPR Properties by 42.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,474 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 438 shares during the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EPR. Stifel Nicolaus boosted their target price on EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price target on shares of EPR Properties in a research report on Thursday, January 30th. Finally, UBS Group initiated coverage on EPR Properties in a research report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, EPR Properties has a consensus rating of “Hold” and a consensus price target of $48.50.

EPR Properties Stock Performance

EPR opened at $53.10 on Friday. The stock has a market cap of $4.02 billion, a PE ratio of 22.99 and a beta of 1.75. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19. EPR Properties has a 1 year low of $39.65 and a 1 year high of $53.58. The stock’s 50 day simple moving average is $46.85 and its 200-day simple moving average is $46.65.

EPR Properties (NYSE:EPR) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.56. The business had revenue of $149.12 million for the quarter, compared to analysts’ expectations of $161.25 million. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. Sell-side analysts forecast that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.295 per share. The ex-dividend date is Monday, March 31st. This is a boost from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.54 dividend on an annualized basis and a dividend yield of 6.67%. EPR Properties’s payout ratio is currently 148.05%.

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.