Ballast Asset Management LP Sells 2,528 Shares of EPR Properties (NYSE:EPR)

Ballast Asset Management LP reduced its stake in shares of EPR Properties (NYSE:EPR) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,282 shares of the real estate investment trust’s stock after selling 2,528 shares during the quarter. EPR Properties accounts for approximately 1.7% of Ballast Asset Management LP’s portfolio, making the stock its 27th largest holding. Ballast Asset Management LP owned about 0.10% of EPR Properties worth $3,245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synergy Investment Management LLC purchased a new stake in EPR Properties during the 4th quarter valued at about $27,000. GAMMA Investing LLC lifted its position in EPR Properties by 36.6% in the fourth quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 302 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of EPR Properties by 54.5% during the fourth quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 457 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of EPR Properties in the fourth quarter worth approximately $60,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of EPR Properties by 51.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,530 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 522 shares during the period. 74.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EPR. Truist Financial increased their price target on shares of EPR Properties from $51.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, March 24th. Royal Bank of Canada increased their target price on shares of EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Stifel Nicolaus boosted their price target on EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company increased their price objective on EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.00.

EPR Properties Stock Up 1.8 %

EPR stock opened at $52.63 on Tuesday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 22.79 and a beta of 1.72. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. The business’s 50 day moving average price is $49.88 and its two-hundred day moving average price is $47.44. EPR Properties has a fifty-two week low of $39.66 and a fifty-two week high of $54.25.

EPR Properties (NYSE:EPR) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.56. The company 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, analysts forecast that EPR Properties will post 4.65 earnings per share 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 paid a dividend of $0.295 per share. The ex-dividend date is Monday, March 31st. This represents a $3.54 annualized dividend and a yield of 6.73%. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. EPR Properties’s payout ratio is presently 221.25%.

Insider Buying and Selling

In other news, CAO Tonya L. Mater sold 3,120 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $51.90, for a total transaction of $161,928.00. Following the completion of the transaction, the chief accounting officer now directly owns 46,827 shares in the company, valued at $2,430,321.30. This trade represents a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gwendolyn Mary Johnson sold 3,900 shares of EPR Properties stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $54.02, for a total value of $210,678.00. Following the completion of the transaction, the senior vice president now directly owns 8,216 shares of the company’s stock, valued at approximately $443,828.32. This represents a 32.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,520 shares of company stock valued at $502,581 over the last quarter. Corporate insiders own 2.13% of the company’s stock.

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.