Asset Management One Co. Ltd. increased its stake in EPR Properties (NYSE:EPR – Free Report) by 20.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,529 shares of the real estate investment trust’s stock after purchasing an additional 27,896 shares during the period. Asset Management One Co. Ltd. owned approximately 0.21% of EPR Properties worth $9,527,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Cullen Frost Bankers Inc. increased its position in shares of EPR Properties by 201.6% in the second quarter. Cullen Frost Bankers Inc. now owns 938 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 627 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of EPR Properties by 89.5% in the second quarter. Chicago Partners Investment Group LLC now owns 9,559 shares of the real estate investment trust’s stock worth $559,000 after purchasing an additional 4,516 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of EPR Properties in the second quarter worth approximately $8,758,000. Stratos Wealth Partners LTD. bought a new position in shares of EPR Properties in the second quarter worth approximately $213,000. Finally, Allianz Asset Management GmbH increased its position in shares of EPR Properties by 22.5% in the second quarter. Allianz Asset Management GmbH now owns 402,075 shares of the real estate investment trust’s stock worth $23,425,000 after purchasing an additional 73,929 shares during the last quarter. 74.66% of the stock is currently owned by institutional investors.
EPR Properties Price Performance
Shares of EPR Properties stock opened at $53.44 on Tuesday. The company has a quick ratio of 7.77, a current ratio of 7.77 and a debt-to-equity ratio of 1.20. The company has a market cap of $4.07 billion, a PE ratio of 26.32, a P/E/G ratio of 3.79 and a beta of 1.28. The business has a 50 day moving average of $55.30 and a 200 day moving average of $54.88. EPR Properties has a 52 week low of $41.75 and a 52 week high of $61.24.
EPR Properties Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be issued a dividend of $0.295 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, October 31st. EPR Properties’s dividend payout ratio is currently 174.38%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on EPR shares. Wells Fargo & Company upgraded shares of EPR Properties from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $54.00 to $56.00 in a research report on Thursday, September 11th. Raymond James Financial upped their target price on EPR Properties from $57.00 to $62.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, August 12th. Stifel Nicolaus upped their target price on EPR Properties from $65.00 to $65.50 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EPR Properties in a research note on Wednesday, October 8th. Finally, UBS Group cut their target price on EPR Properties from $62.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.36.
Check Out Our Latest Research Report on EPR
Insider Activity at EPR Properties
In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $58.12, for a total transaction of $435,900.00. Following the completion of the transaction, the executive vice president owned 81,377 shares in the company, valued at $4,729,631.24. This represents a 8.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 22,500 shares of company stock worth $1,248,075 in the last ninety days. 2.31% of the stock is owned by corporate insiders.
EPR Properties 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.
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