Summit Global Investments Decreases Stake in EPR Properties (NYSE:EPR)

Summit Global Investments reduced its holdings in EPR Properties (NYSE:EPR) by 47.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,851 shares of the real estate investment trust’s stock after selling 13,389 shares during the quarter. Summit Global Investments’ holdings in EPR Properties were worth $658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EPR. MRP Capital Investments LLC grew its stake in shares of EPR Properties by 9.9% in the 4th quarter. MRP Capital Investments LLC now owns 4,446 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 401 shares during the last quarter. 1620 Investment Advisors Inc. raised its holdings in EPR Properties by 1.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 15,071 shares of the real estate investment trust’s stock worth $667,000 after purchasing an additional 219 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of EPR Properties by 38.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,067 shares of the real estate investment trust’s stock valued at $1,818,000 after purchasing an additional 11,308 shares during the period. Teacher Retirement System of Texas lifted its holdings in EPR Properties by 42.4% in the 4th quarter. Teacher Retirement System of Texas now owns 34,442 shares of the real estate investment trust’s stock worth $1,525,000 after purchasing an additional 10,248 shares in the last quarter. Finally, Xponance Inc. increased its holdings in EPR Properties by 4.5% in the 4th quarter. Xponance Inc. now owns 9,373 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 402 shares during the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EPR. Stifel Nicolaus raised their target price on shares of EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, February 27th. Truist Financial boosted their target price on shares of EPR Properties from $46.00 to $51.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Royal Bank of Canada raised their price target on EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company raised their price target on EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EPR Properties currently has a consensus rating of “Hold” and an average price target of $50.75.

EPR Properties Trading Down 0.5 %

Shares of EPR Properties stock opened at $51.35 on Monday. The company has a market cap of $3.91 billion, a P/E ratio of 22.23 and a beta of 1.72. The firm has a 50-day simple moving average of $49.21 and a two-hundred day simple moving average of $47.26. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. EPR Properties has a fifty-two week low of $39.66 and a fifty-two week high of $54.25.

EPR Properties (NYSE:EPR) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.56. The firm had revenue of $149.12 million for the quarter, compared to analysts’ expectations of $161.25 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. As a group, equities analysts predict that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.295 dividend. This represents a $3.54 annualized dividend and a dividend yield of 6.89%. The ex-dividend date is Monday, March 31st. This is an increase from EPR Properties’s previous monthly dividend of $0.29. EPR Properties’s dividend payout ratio (DPR) is 221.25%.

Insider Transactions at EPR Properties

In other EPR Properties news, SVP Brian Andrew Moriarty sold 2,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $51.99, for a total value of $129,975.00. Following the transaction, the senior vice president now directly owns 15,299 shares in the company, valued at $795,395.01. The trade was a 14.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Tonya L. Mater sold 3,120 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the sale, the chief accounting officer now directly owns 46,827 shares in the company, valued at $2,430,321.30. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,520 shares of company stock valued at $502,581 over the last ninety days. Insiders own 2.13% of the company’s stock.

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.