VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in EPR Properties (NYSE:EPR – Free Report) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,432 shares of the real estate investment trust’s stock after acquiring an additional 18,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in EPR Properties were worth $11,099,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of EPR Properties by 1.7% in the 2nd quarter. State Street Corp now owns 4,009,669 shares of the real estate investment trust’s stock worth $234,760,000 after acquiring an additional 66,562 shares in the last quarter. Northern Trust Corp grew its stake in EPR Properties by 84.8% in the 3rd quarter. Northern Trust Corp now owns 1,564,309 shares of the real estate investment trust’s stock valued at $90,746,000 after purchasing an additional 717,734 shares during the period. AQR Capital Management LLC grew its stake in EPR Properties by 29.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,544,905 shares of the real estate investment trust’s stock valued at $88,693,000 after purchasing an additional 348,908 shares during the period. Dimensional Fund Advisors LP grew its stake in EPR Properties by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,103,294 shares of the real estate investment trust’s stock valued at $64,000,000 after purchasing an additional 15,667 shares during the period. Finally, Invesco Ltd. grew its stake in EPR Properties by 89.7% in the 3rd quarter. Invesco Ltd. now owns 977,789 shares of the real estate investment trust’s stock valued at $56,722,000 after purchasing an additional 462,354 shares during the period. Institutional investors own 74.66% of the company’s stock.
EPR Properties Stock Down 0.2%
EPR stock opened at $58.17 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 7.85 and a current ratio of 7.85. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.40 and a beta of 1.04. EPR Properties has a fifty-two week low of $48.10 and a fifty-two week high of $62.08. The stock has a fifty day moving average of $54.83 and a 200-day moving average of $53.65.
EPR Properties Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.4%. EPR Properties’s dividend payout ratio is presently 115.17%.
Analysts Set New Price Targets
A number of research analysts have issued reports on EPR shares. Stifel Nicolaus set a $65.50 price objective on EPR Properties in a research note on Thursday, March 5th. Royal Bank Of Canada upped their price objective on EPR Properties from $58.00 to $59.00 and gave the company a “sector perform” rating in a research note on Friday, March 6th. Truist Financial upped their price objective on EPR Properties from $60.00 to $62.00 and gave the company a “hold” rating in a research note on Friday, March 6th. UBS Group upped their price objective on EPR Properties from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Raymond James Financial downgraded EPR Properties from a “strong-buy” rating to an “outperform” rating and reduced their price objective 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.50.
Insider Transactions at EPR Properties
In other news, Director Lisa G. Trimberger sold 6,633 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $57.83, for a total transaction of $383,586.39. Following the completion of the transaction, the director owned 6,586 shares in the company, valued at approximately $380,868.38. This represents a 50.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brian Andrew Moriarty sold 5,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $56.44, for a total value of $282,200.00. Following the transaction, the senior vice president owned 13,704 shares of the company’s stock, valued at $773,453.76. The trade was a 26.73% decrease in their position. 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. 0.03% of the stock is owned by company insiders.
EPR Properties Company 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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