Los Angeles Capital Management LLC bought a new stake in EPR Properties (NYSE:EPR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,382 shares of the real estate investment trust’s stock, valued at approximately $1,304,000.
Other large investors have also modified their holdings of the company. Allworth Financial LP grew its position in EPR Properties by 53.0% in the 1st quarter. Allworth Financial LP now owns 1,135 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 393 shares during the last quarter. Cerity Partners LLC raised its position in EPR Properties by 6.6% during the 1st quarter. Cerity Partners LLC now owns 22,089 shares of the real estate investment trust’s stock worth $1,162,000 after buying an additional 1,360 shares during the last quarter. CWM LLC lifted its stake in shares of EPR Properties by 71.7% in the 1st quarter. CWM LLC now owns 9,252 shares of the real estate investment trust’s stock worth $487,000 after acquiring an additional 3,864 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of EPR Properties in the first quarter valued at about $2,467,000. Finally, James Investment Research Inc. acquired a new position in shares of EPR Properties during the first quarter worth about $310,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.
EPR Properties Stock Performance
EPR opened at $50.94 on Thursday. The stock has a market cap of $3.88 billion, a P/E ratio of 22.24, a P/E/G ratio of 3.67 and a beta of 1.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 7.77 and a quick ratio of 7.77. The stock’s 50 day simple moving average is $54.45 and its 200 day simple moving average is $55.03. EPR Properties has a 1-year low of $41.75 and a 1-year high of $61.24.
EPR Properties Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.295 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, October 31st. EPR Properties’s payout ratio is 154.59%.
Analyst Ratings Changes
A number of brokerages recently commented on EPR. JPMorgan Chase & Co. raised their price objective on shares of EPR Properties from $56.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Wells Fargo & Company raised EPR Properties from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $54.00 to $56.00 in a report on Thursday, September 11th. KeyCorp downgraded EPR Properties from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 19th. Raymond James Financial increased their price objective on EPR Properties from $57.00 to $62.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen downgraded EPR Properties from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.36.
Insider Activity at EPR Properties
In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $49.21, for a total value of $369,075.00. Following the sale, the executive vice president directly owned 73,877 shares of the company’s stock, valued at approximately $3,635,487.17. This represents a 9.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 22,500 shares of company stock valued at $1,205,100. 2.31% of the stock is owned by 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.
Featured Stories
- Five stocks we like better than EPR Properties
- How to start investing in penny stocks
- Rare Earth Stocks: The Truce That Isn’t a Truce
- Why Are Stock Sectors Important to Successful Investing?
- Carving Up Profits: 3 Food Stocks on the Thanksgiving Table
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- C3.ai’s Reset: Why New Leadership Could Spark a Turnaround
Want to see what other hedge funds are holding EPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPR Properties (NYSE:EPR – Free Report).
Receive News & Ratings for EPR Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPR Properties and related companies with MarketBeat.com's FREE daily email newsletter.
