Brown Brothers Harriman & Co. Invests $60,000 in EPR Properties (NYSE:EPR)

Brown Brothers Harriman & Co. purchased a new position in shares of EPR Properties (NYSE:EPR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,359 shares of the real estate investment trust’s stock, valued at approximately $60,000.

Other hedge funds have also bought and sold shares of the company. Synergy Investment Management LLC bought a new position in EPR Properties during the 4th quarter worth approximately $27,000. GAMMA Investing LLC lifted its stake in EPR Properties by 36.6% during the fourth 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. boosted its holdings in EPR Properties by 54.5% in the fourth 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 period. EverSource Wealth Advisors LLC increased its stake in EPR Properties by 51.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,530 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 522 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of EPR Properties by 43.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,117 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 643 shares during the period. 74.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at EPR Properties

In related news, CAO Tonya L. Mater sold 3,120 shares of EPR Properties stock in a transaction on Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the sale, the chief accounting officer now owns 46,827 shares of the company’s stock, valued at approximately $2,430,321.30. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gwendolyn Mary Johnson sold 3,900 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $54.02, for a total transaction of $210,678.00. Following the transaction, the senior vice president now directly owns 8,216 shares in the company, valued at $443,828.32. The trade was a 32.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,520 shares of company stock valued at $502,581. Insiders own 2.13% of the company’s stock.

EPR Properties Stock Down 1.6 %

Shares of EPR Properties stock opened at $51.51 on Thursday. 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 $39.66 and a 1 year high of $54.25. The stock has a 50-day moving average price of $50.08 and a 200 day moving average price of $47.49. The company has a market cap of $3.92 billion, a P/E ratio of 22.30 and a beta of 1.72.

EPR Properties (NYSE:EPR) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, topping the consensus estimate of $0.66 by $0.56. The business had revenue of $149.12 million during the quarter, compared to analysts’ expectations of $161.25 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. As a group, analysts expect that EPR Properties will post 4.65 EPS for the current fiscal year.

EPR Properties Increases Dividend

The company 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 dividend of $0.295 per share. This represents a $3.54 annualized dividend and a dividend yield of 6.87%. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. The ex-dividend date is Monday, March 31st. EPR Properties’s dividend payout ratio (DPR) is currently 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.