Teachers Insurance & Annuity Association of America grew its holdings in EPR Properties (NYSE:EPR) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,867 shares of the real estate investment trust’s stock after acquiring an additional 5,924 shares during the quarter. Teachers Insurance & Annuity Association of America owned 0.09% of EPR Properties worth $4,508,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of EPR. Itau Unibanco Holding S.A. boosted its holdings in EPR Properties by 102.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,308 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 1,169 shares in the last quarter. Lourd Capital LLC acquired a new stake in shares of EPR Properties during the fourth quarter worth about $203,000. Timber Hill LLC acquired a new stake in shares of EPR Properties during the third quarter worth about $206,000. Vident Investment Advisory LLC acquired a new stake in shares of EPR Properties during the third quarter worth about $249,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of EPR Properties during the third quarter worth about $287,000. 88.49% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on EPR shares. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of EPR Properties in a report on Monday, November 13th. B. Riley set a $80.00 price target on EPR Properties and gave the company a “hold” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. downgraded EPR Properties from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. SunTrust Banks started coverage on EPR Properties in a report on Tuesday, December 19th. They issued a “hold” rating and a $69.00 price target for the company. Finally, ValuEngine downgraded EPR Properties from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $70.50.
EPR Properties (NYSE:EPR) last issued its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.70). EPR Properties had a return on equity of 9.60% and a net margin of 45.65%. The firm had revenue of $147.70 million for the quarter, compared to analysts’ expectations of $151.87 million. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. sell-side analysts anticipate that EPR Properties will post 5.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.56%. This is a boost from EPR Properties’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, February 27th. EPR Properties’s payout ratio is presently 131.71%.
In other EPR Properties news, SVP Michael L. Hirons sold 9,359 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $67.54, for a total transaction of $632,106.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Craig L. Evans sold 14,000 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $60.03, for a total value of $840,420.00. Following the transaction, the senior vice president now directly owns 38,384 shares in the company, valued at approximately $2,304,191.52. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
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EPR Properties Profile
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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