EPR Properties (NYSE:EPR) Stake Lessened by IFP Advisors Inc

IFP Advisors Inc cut its stake in EPR Properties (NYSE:EPR) by 29.9% in the 1st quarter, HoldingsChannel reports. The fund owned 1,280 shares of the real estate investment trust’s stock after selling 546 shares during the period. IFP Advisors Inc’s holdings in EPR Properties were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EPR. JPMorgan Chase & Co. boosted its stake in EPR Properties by 1.8% in the 4th quarter. JPMorgan Chase & Co. now owns 685,542 shares of the real estate investment trust’s stock worth $30,356,000 after purchasing an additional 12,425 shares during the period. Norges Bank acquired a new position in EPR Properties in the 4th quarter worth approximately $41,148,000. Nomura Asset Management Co. Ltd. boosted its stake in EPR Properties by 7.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 100,830 shares of the real estate investment trust’s stock worth $4,465,000 after purchasing an additional 6,760 shares during the period. Pictet Asset Management Holding SA boosted its stake in EPR Properties by 6.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 23,827 shares of the real estate investment trust’s stock worth $1,055,000 after purchasing an additional 1,470 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in EPR Properties in the 4th quarter worth approximately $60,000. 74.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EPR Properties

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $6,063,300.49. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.31% of the stock is currently owned by company insiders.

EPR Properties Stock Performance

NYSE:EPR opened at $56.63 on Thursday. The firm’s 50-day moving average is $57.41 and its 200-day moving average is $52.28. EPR Properties has a 52-week low of $41.75 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 8.28 and a current ratio of 8.28. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 4.34 and a beta of 1.27.

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

EPR Properties Dividend Announcement

The business also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a dividend yield of 5.9%. EPR Properties’s payout ratio is 217.18%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EPR. Raymond James Financial reaffirmed a “strong-buy” rating on shares of EPR Properties in a research note on Friday, May 23rd. UBS Group raised their price target on EPR Properties from $56.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Wells Fargo & Company lifted their price target on EPR Properties from $52.00 to $53.00 and gave the company an “underweight” rating in a report on Monday, June 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of EPR Properties in a report on Monday, May 19th. Finally, Stifel Nicolaus upgraded EPR Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $52.00 to $65.00 in a report on Friday, June 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.29.

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.