EPR Properties (NYSE:EPR) Shares Sold by GraniteShares Advisors LLC

GraniteShares Advisors LLC cut its holdings in EPR Properties (NYSE:EPR) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,189 shares of the real estate investment trust’s stock after selling 6,747 shares during the quarter. GraniteShares Advisors LLC’s holdings in EPR Properties were worth $1,463,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Waterfront Capital Partners LLC purchased a new position in EPR Properties during the second quarter worth approximately $56,871,000. Rush Island Management LP grew its holdings in EPR Properties by 1,022.5% during the 3rd quarter. Rush Island Management LP now owns 1,026,081 shares of the real estate investment trust’s stock valued at $42,623,000 after purchasing an additional 934,674 shares in the last quarter. Norges Bank bought a new stake in shares of EPR Properties in the 4th quarter worth about $30,670,000. Millennium Management LLC increased its position in shares of EPR Properties by 489.9% in the 4th quarter. Millennium Management LLC now owns 827,848 shares of the real estate investment trust’s stock worth $31,226,000 after purchasing an additional 687,512 shares during the last quarter. Finally, State Street Corp increased its position in shares of EPR Properties by 14.6% in the 1st quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock worth $226,203,000 after purchasing an additional 523,061 shares during the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.

EPR Properties Trading Down 1.6 %

EPR Properties stock traded down $0.66 during midday trading on Tuesday, hitting $39.75. 681,790 shares of the stock were exchanged, compared to its average volume of 648,019. The company has a fifty day simple moving average of $41.90 and a two-hundred day simple moving average of $43.92. EPR Properties has a 52 week low of $39.01 and a 52 week high of $49.10. The stock has a market capitalization of $3.01 billion, a PE ratio of 20.23 and a beta of 1.65. The company has a quick ratio of 7.53, a current ratio of 7.53 and a debt-to-equity ratio of 1.15.

EPR Properties Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.42 dividend on an annualized basis and a yield of 8.60%. This is a positive change from EPR Properties’s previous monthly dividend of $0.28. EPR Properties’s payout ratio is presently 173.60%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EPR. JMP Securities downgraded shares of EPR Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Royal Bank of Canada upped their target price on shares of EPR Properties from $48.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 11th. Truist Financial decreased their target price on shares of EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Raymond James upped their target price on shares of EPR Properties from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Finally, StockNews.com cut shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.05.

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.