Louisiana State Employees Retirement System bought a new stake in EPR Properties (NYSE:EPR – Free Report) in the first quarter, HoldingsChannel reports. The firm bought 22,100 shares of the real estate investment trust’s stock, valued at approximately $1,104,000.
Several other hedge funds also recently made changes to their positions in EPR. Jefferies Financial Group Inc. purchased a new position in EPR Properties during the third quarter valued at $3,863,000. JPMorgan Chase & Co. grew its position in shares of EPR Properties by 27.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 901,813 shares of the real estate investment trust’s stock worth $52,314,000 after buying an additional 195,850 shares during the period. Elevation Point Wealth Partners LLC grew its position in shares of EPR Properties by 111,536.0% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 27,909 shares of the real estate investment trust’s stock worth $1,627,000 after buying an additional 27,884 shares during the period. Pensionfund PDN purchased a new stake in shares of EPR Properties in the 4th quarter worth about $1,545,000. Finally, State of Alaska Department of Revenue increased its stake in shares of EPR Properties by 18.8% in the 4th quarter. State of Alaska Department of Revenue now owns 57,785 shares of the real estate investment trust’s stock worth $2,881,000 after acquiring an additional 9,145 shares in the last quarter. 74.66% of the stock is currently owned by institutional investors.
EPR Properties Price Performance
Shares of NYSE:EPR opened at $58.99 on Friday. The business has a fifty day moving average price of $57.87 and a 200-day moving average price of $55.43. The company has a debt-to-equity ratio of 1.27, a current ratio of 7.85 and a quick ratio of 7.85. The company has a market capitalization of $4.51 billion, a PE ratio of 18.26, a PEG ratio of 2.39 and a beta of 1.02. EPR Properties has a 1-year low of $48.10 and a 1-year high of $62.08.
EPR Properties Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.3%. EPR Properties’s payout ratio is 115.17%.
Insider Activity at EPR Properties
In other news, CAO Tonya L. Mater sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $56.50, for a total value of $146,900.00. Following the transaction, the chief accounting officer owned 55,859 shares in the company, valued at approximately $3,156,033.50. This represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Gwendolyn Mary Johnson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $58.11, for a total transaction of $116,220.00. Following the sale, the senior vice president owned 14,213 shares in the company, valued at approximately $825,917.43. The trade was a 12.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,600 shares of company stock worth $375,120. Insiders own 0.03% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on EPR shares. Citigroup reissued a “market outperform” rating on shares of EPR Properties in a research report on Thursday. Raymond James Financial cut shares of EPR Properties from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $62.00 to $60.00 in a report on Tuesday, March 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EPR Properties in a research note on Friday, May 22nd. Truist Financial lowered their target price on shares of EPR Properties from $62.00 to $61.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada boosted their price target on EPR Properties from $59.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.19.
Check Out Our Latest Report on EPR
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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