Pensionfund PDN bought a new stake in shares of EPR Properties (NYSE:EPR – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 30,962 shares of the real estate investment trust’s stock, valued at approximately $1,545,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in EPR Properties in the 3rd quarter worth $26,000. True Wealth Design LLC lifted its holdings in EPR Properties by 99.6% during the third quarter. True Wealth Design LLC now owns 461 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 230 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of EPR Properties in the third quarter valued at about $27,000. Strategic Advocates LLC acquired a new stake in shares of EPR Properties in the third quarter valued at about $27,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of EPR Properties during the second quarter worth about $32,000. Institutional investors and hedge funds own 74.66% of the company’s stock.
EPR Properties Trading Down 1.4%
Shares of EPR stock opened at $49.74 on Tuesday. EPR Properties has a 1-year low of $41.75 and a 1-year high of $62.08. The firm has a market cap of $3.81 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 3.05 and a beta of 0.95. The company has a 50-day moving average of $56.17 and a two-hundred day moving average of $54.03. The company has a debt-to-equity ratio of 1.26, a current ratio of 8.81 and a quick ratio of 8.81.
EPR Properties Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.30. This represents a c) dividend on an annualized basis and a yield of 7.5%. EPR Properties’s dividend payout ratio is presently 108.26%.
Analyst Upgrades and Downgrades
EPR has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of EPR Properties in a research report on Monday, December 29th. UBS Group lifted their price objective on EPR Properties from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Wells Fargo & Company reduced their target price on EPR Properties from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. JPMorgan Chase & Co. decreased their target price on EPR Properties from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 2nd. Finally, Stifel Nicolaus set a $65.50 price target on EPR Properties in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.50.
Get Our Latest Stock Analysis on EPR Properties
Insider Buying and Selling at EPR Properties
In other EPR Properties news, Director Lisa G. Trimberger sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $57.38, for a total transaction of $172,140.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian Andrew Moriarty sold 5,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $56.44, for a total value of $282,200.00. Following the transaction, the senior vice president owned 13,704 shares of the company’s stock, valued at approximately $773,453.76. This represents a 26.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,133 shares of company stock valued at $1,242,101 over the last quarter. 2.31% of the stock is owned by company insiders.
EPR Properties Profile
EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.
The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.
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