Retirement Systems of Alabama Increases Stake in EPR Properties (NYSE:EPR)

Retirement Systems of Alabama grew its stake in shares of EPR Properties (NYSE:EPR) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,345 shares of the real estate investment trust’s stock after buying an additional 295 shares during the period. Retirement Systems of Alabama owned 0.13% of EPR Properties worth $4,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of EPR. Commonwealth Equity Services LLC lifted its stake in EPR Properties by 6.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 121,063 shares of the real estate investment trust’s stock worth $5,029,000 after purchasing an additional 7,208 shares in the last quarter. Xponance Inc. lifted its position in shares of EPR Properties by 5.6% in the third quarter. Xponance Inc. now owns 9,632 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 508 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in EPR Properties by 19.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 66,055 shares of the real estate investment trust’s stock valued at $2,744,000 after buying an additional 10,559 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in EPR Properties by 1.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,253 shares of the real estate investment trust’s stock valued at $1,091,000 after buying an additional 468 shares during the last quarter. Finally, Strs Ohio grew its holdings in EPR Properties by 0.8% during the 3rd quarter. Strs Ohio now owns 96,050 shares of the real estate investment trust’s stock valued at $3,989,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EPR. Truist Financial lowered their target price on EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. JMP Securities restated a “market perform” rating on shares of EPR Properties in a report on Monday. Royal Bank of Canada increased their price target on shares of EPR Properties from $48.00 to $51.00 and gave the company a “sector perform” rating in a report on Thursday, January 11th. Raymond James boosted their price objective on EPR Properties from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Finally, StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, EPR Properties presently has an average rating of “Hold” and a consensus target price of $48.05.

EPR Properties Stock Performance

Shares of EPR Properties stock opened at $41.68 on Tuesday. The company has a quick ratio of 7.53, a current ratio of 8.45 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $41.44 and its two-hundred day moving average is $43.84. EPR Properties has a 52 week low of $39.65 and a 52 week high of $49.10. The company has a market capitalization of $3.15 billion, a PE ratio of 20.53 and a beta of 1.64.

EPR Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.285 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date of this dividend is Monday, April 29th. EPR Properties’s payout ratio is presently 168.47%.

EPR Properties Profile

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.