Primecap Management Co. CA Reduces Stock Holdings in EPR Properties (NYSE:EPR)

Primecap Management Co. CA reduced its position in EPR Properties (NYSE:EPR) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,990 shares of the real estate investment trust’s stock after selling 5,270 shares during the quarter. Primecap Management Co. CA owned approximately 0.16% of EPR Properties worth $5,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new stake in EPR Properties in the 3rd quarter worth about $313,000. Charles Schwab Investment Management Inc. lifted its holdings in EPR Properties by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,349,900 shares of the real estate investment trust’s stock valued at $66,199,000 after purchasing an additional 54,567 shares during the last quarter. Eagle Asset Management Inc. bought a new position in EPR Properties during the third quarter worth about $5,224,000. Cerity Partners LLC increased its stake in shares of EPR Properties by 31.1% in the third quarter. Cerity Partners LLC now owns 19,022 shares of the real estate investment trust’s stock worth $933,000 after purchasing an additional 4,507 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of EPR Properties by 58.6% in the third quarter. Algert Global LLC now owns 140,626 shares of the real estate investment trust’s stock valued at $6,896,000 after purchasing an additional 51,980 shares during the period. 74.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EPR has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Thursday, February 27th. Truist Financial lifted their price target on EPR Properties from $46.00 to $51.00 and gave the company a “hold” rating in a research report on Tuesday. Royal Bank of Canada raised their target price on EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company lifted their target price on EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.75.

Insiders Place Their Bets

In other EPR Properties news, SVP Brian Andrew Moriarty sold 2,500 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the completion of the sale, the senior vice president now directly owns 15,299 shares in the company, valued at $795,395.01. The trade was a 14.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Tonya L. Mater sold 3,120 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $51.90, for a total transaction of $161,928.00. Following the sale, the chief accounting officer now owns 46,827 shares of the company’s stock, valued at $2,430,321.30. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,520 shares of company stock valued at $502,581. 2.13% of the stock is owned by insiders.

EPR Properties Trading Down 1.0 %

Shares of NYSE EPR opened at $51.32 on Thursday. EPR Properties has a 1 year low of $39.66 and a 1 year high of $54.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81. The firm has a 50-day moving average of $48.93 and a 200 day moving average of $47.21. The stock has a market cap of $3.90 billion, a P/E ratio of 22.22 and a beta of 1.72.

EPR Properties (NYSE:EPR) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.56. The firm 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%. As a group, sell-side analysts expect that EPR Properties will post 4.65 EPS for the current fiscal year.

EPR Properties Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.295 dividend. This represents a $3.54 annualized dividend and a yield of 6.90%. This is an increase from EPR Properties’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Monday, March 31st. EPR Properties’s dividend payout ratio (DPR) is presently 221.25%.

About EPR Properties

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.