Teachers Insurance & Annuity Association of America lowered its holdings in shares of EPR Properties (NYSE:EPR) by 60.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,123 shares of the real estate investment trust’s stock after selling 41,474 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in EPR Properties were worth $2,023,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new stake in shares of EPR Properties in the 2nd quarter worth approximately $430,000. KBC Group NV increased its holdings in shares of EPR Properties by 59.7% during the second quarter. KBC Group NV now owns 31,783 shares of the real estate investment trust’s stock valued at $2,371,000 after acquiring an additional 11,876 shares in the last quarter. Heritage Investors Management Corp purchased a new position in shares of EPR Properties in the 2nd quarter worth about $251,000. Financial Counselors Inc. purchased a new position in shares of EPR Properties in the 1st quarter worth about $238,000. Finally, State of Wisconsin Investment Board boosted its stake in EPR Properties by 25.9% in the 1st quarter. State of Wisconsin Investment Board now owns 157,725 shares of the real estate investment trust’s stock worth $12,129,000 after purchasing an additional 32,480 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.
In other EPR Properties news, Director Robert J. Druten sold 3,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $73.26, for a total value of $219,780.00. Following the transaction, the director now owns 31,237 shares of the company’s stock, valued at $2,288,422.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robin Peppe Sterneck sold 1,881 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $78.20, for a total value of $147,094.20. Following the completion of the transaction, the director now directly owns 1,882 shares in the company, valued at $147,172.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,459 shares of company stock valued at $570,820. Company insiders own 1.34% of the company’s stock.
A number of analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of EPR Properties to $83.00 in a research note on Tuesday, May 28th. ValuEngine cut shares of EPR Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Bank of America downgraded shares of EPR Properties from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a research report on Tuesday, June 11th. JPMorgan Chase & Co. increased their target price on EPR Properties from $76.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus lifted their target price on EPR Properties from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $79.71.
EPR traded up $0.38 during midday trading on Wednesday, hitting $77.41. 10,411 shares of the company traded hands, compared to its average volume of 400,592. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $5.97 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 4.51 and a beta of 0.53. The company’s 50-day moving average is $76.27 and its 200 day moving average is $76.75. EPR Properties has a 52 week low of $62.75 and a 52 week high of $80.75.
EPR Properties (NYSE:EPR) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.52). The company had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $168.46 million. EPR Properties had a net margin of 41.51% and a return on equity of 9.81%. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.87 earnings per share. On average, sell-side analysts predict that EPR Properties will post 5.42 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $4.50 dividend on an annualized basis and a yield of 5.81%. EPR Properties’s dividend payout ratio is presently 73.77%.
EPR Properties Company Profile
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
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