Norges Bank purchased a new position in shares of EPR Properties (NYSE:EPR – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,659,770 shares of the real estate investment trust’s stock, valued at approximately $82,823,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new position in EPR Properties in the 3rd quarter worth approximately $3,863,000. Allianz Asset Management GmbH boosted its stake in EPR Properties by 8.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 435,771 shares of the real estate investment trust’s stock valued at $25,279,000 after purchasing an additional 33,696 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in EPR Properties by 27.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 901,813 shares of the real estate investment trust’s stock valued at $52,314,000 after purchasing an additional 195,850 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its stake in EPR Properties by 111,536.0% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 27,909 shares of the real estate investment trust’s stock valued at $1,627,000 after purchasing an additional 27,884 shares in the last quarter. Finally, Caprock Group LLC bought a new position in EPR Properties during the 3rd quarter valued at $1,129,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.
EPR Properties Price Performance
Shares of NYSE:EPR opened at $57.36 on Friday. EPR Properties has a one year low of $48.10 and a one year high of $62.08. The stock has a fifty day moving average of $55.65 and a 200-day moving average of $54.43. The company has a market capitalization of $4.39 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.27, a quick ratio of 7.85 and a current ratio of 7.85.
EPR Properties Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.31 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, May 29th. EPR Properties’s dividend payout ratio is 115.17%.
Analysts Set New Price Targets
EPR has been the subject of a number of research reports. Stifel Nicolaus set a $65.50 price target on EPR Properties in a research note on Thursday, March 5th. UBS Group increased their price target on EPR Properties from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Wells Fargo & Company increased their price target on EPR Properties from $54.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Royal Bank Of Canada increased their price target on EPR Properties from $59.00 to $61.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 26th. Finally, Raymond James Financial lowered EPR Properties from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $62.00 to $60.00 in a research note on Tuesday, March 17th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.64.
Insider Activity
In other news, CAO Tonya L. Mater sold 2,600 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $56.50, for a total value of $146,900.00. Following the completion of the sale, the chief accounting officer owned 55,859 shares in the company, valued at $3,156,033.50. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $57.38, for a total value of $172,140.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 19,233 shares of company stock worth $1,096,826. Insiders own 0.03% of the company’s stock.
About EPR Properties
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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