Louisiana State Employees Retirement System Buys Shares of 21,200 EPR Properties (NYSE:EPR)

Louisiana State Employees Retirement System bought a new stake in EPR Properties (NYSE:EPR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,200 shares of the real estate investment trust’s stock, valued at approximately $1,027,000.

Several other large investors also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its holdings in shares of EPR Properties by 221.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 57,636 shares of the real estate investment trust’s stock worth $2,838,000 after purchasing an additional 39,714 shares during the period. Ballast Asset Management LP purchased a new position in shares of EPR Properties during the 3rd quarter worth $1,861,000. Jump Financial LLC purchased a new position in shares of EPR Properties during the 3rd quarter worth $1,165,000. Citigroup Inc. grew its holdings in shares of EPR Properties by 52.0% during the 3rd quarter. Citigroup Inc. now owns 32,990 shares of the real estate investment trust’s stock worth $1,370,000 after purchasing an additional 11,283 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of EPR Properties by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,227,642 shares of the real estate investment trust’s stock worth $50,996,000 after purchasing an additional 38,937 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

EPR Properties Price Performance

EPR stock opened at $41.15 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 7.53 and a quick ratio of 7.53. The firm has a market capitalization of $3.11 billion, a P/E ratio of 20.89 and a beta of 1.65. The business’s 50-day moving average is $41.63 and its two-hundred day moving average is $43.87. EPR Properties has a 1 year low of $39.01 and a 1 year high of $49.10.

EPR Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.285 per share. This represents a $3.42 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend is Monday, April 29th. EPR Properties’s dividend payout ratio (DPR) is presently 173.60%.

Wall Street Analyst Weigh In

EPR has been the subject of a number of research analyst reports. KeyCorp increased their price target on EPR Properties from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Truist Financial decreased their target price on EPR Properties from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, March 22nd. JMP Securities lowered EPR Properties from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada increased their target price on EPR Properties from $48.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, EPR Properties has an average rating of “Hold” and an average price target of $48.05.

About EPR Properties

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.