Sumitomo Mitsui Trust Group Inc. Boosts Stock Position in EPR Properties (NYSE:EPR)

Sumitomo Mitsui Trust Group Inc. grew its holdings in EPR Properties (NYSE:EPR) by 1.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 83,936 shares of the real estate investment trust’s stock after buying an additional 1,591 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in EPR Properties were worth $4,416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wealthfront Advisers LLC purchased a new stake in EPR Properties in the fourth quarter worth $302,313,000. Norges Bank purchased a new stake in shares of EPR Properties in the 4th quarter worth about $41,148,000. American Century Companies Inc. lifted its position in shares of EPR Properties by 44.6% in the 4th quarter. American Century Companies Inc. now owns 1,085,947 shares of the real estate investment trust’s stock worth $48,086,000 after purchasing an additional 334,943 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of EPR Properties in the 4th quarter worth about $13,145,000. Finally, Northern Trust Corp lifted its position in shares of EPR Properties by 30.6% in the 4th quarter. Northern Trust Corp now owns 844,940 shares of the real estate investment trust’s stock worth $37,414,000 after purchasing an additional 198,019 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on EPR shares. Truist Financial raised their price objective on shares of EPR Properties from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, May 19th. Stifel Nicolaus upgraded EPR Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $52.00 to $65.00 in a research note on Friday, June 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $58.00 target price on shares of EPR Properties in a research note on Monday, May 19th. UBS Group raised their price objective on EPR Properties from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their price target on shares of EPR Properties from $52.00 to $53.00 and gave the company an “underweight” rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EPR Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.43.

EPR Properties Price Performance

EPR opened at $59.47 on Friday. The stock has a 50-day moving average price of $54.65 and a 200-day moving average price of $50.37. The company has a debt-to-equity ratio of 1.20, a current ratio of 8.28 and a quick ratio of 8.28. The firm has a market cap of $4.52 billion, a PE ratio of 36.48, a P/E/G ratio of 4.53 and a beta of 1.27. EPR Properties has a 1 year low of $41.22 and a 1 year high of $59.60.

EPR Properties (NYSE:EPR) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.05. The firm had revenue of $146.36 million during the quarter, compared to analyst estimates of $155.46 million. EPR Properties had a return on equity of 6.30% and a net margin of 21.13%. EPR Properties’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. Sell-side analysts predict that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Announces Dividend

The business also recently disclosed a jun 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 6.3%. EPR Properties’s payout ratio is 217.18%.

Insider Buying and Selling at EPR Properties

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.37, for a total transaction of $437,775.00. Following the completion of the sale, the executive vice president directly owned 103,877 shares in the company, valued at approximately $6,063,300.49. The trade was a 6.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.31% of the stock is owned by insiders.

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.