Pinebridge Investments LP bought a new stake in EPR Properties (NYSE:EPR – free report ) during the fourth quarter, according to the company’s latest 13F filing with the SEC. The firm purchased 9,700 shares of the real estate investment trust’s stock, valued at about $470,000.
Other institutional investors also added or reduced shares in the company. Principal Securities purchased a new position in EPR Properties during the fourth quarter, worth approximately $31,000. Venturi Wealth Management increased its holdings in EPR Properties by 59.5% during the fourth quarter. Venturi Wealth Management now owns 823 shares of the real estate investment trust, valued at $40,000, after purchasing an additional 307 shares during the period. Global Retirement Partners increased its holdings in EPR Properties by 37.8% during the fourth quarter. Global Retirement Partners now owns 3,286 shares of the real estate investment trust, valued at $155,000, after purchasing an additional 901 shares during the period. Signature FD increased its holdings in EPR Properties by 10.9% during the fourth quarter. Signaturefd LLC now owns 3,939 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 388 shares during the period. Finally, First Trust Direct Indexing LP purchased a new stake in EPR Properties in the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 74.66% of the company’s shares.
EPR Properties trading down 1.6%
NYSE EPR’s shares opened trading at $40.46 on Monday. The company has a quick ratio of 8.45, a current ratio of 8.45 and a debt-to-equity ratio of 1.15. The company’s 50-day simple moving average is $41.21 and its 200-day simple moving average is $43.41. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio (PE) of 19.93 and a beta of 1.68. EPR Properties’ low in the past 12 months is $39.65 and its high in the past 12 months is $49.10.
EPR Properties announces dividend
The company also recently declared a monthly dividend, which is scheduled to be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.285 per share. This equates to a dividend of $3.42 on an annualized basis, or a yield of 8.45%. The ex-dividend date for this dividend is Friday, May 31st. EPR Properties’ dividend payout ratio (DPR) is currently 168.47%.
Wall Street analysts predict growth
A number of brokerages have commented on EPR recently. Royal Bank lowered their price target on EPR Properties from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Tuesday, May 28th. Truist Financial lowered their price target on EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, March 22nd. StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a report on Wednesday, June 5th. JMP Securities reaffirmed their “market perform” rating on shares of EPR Properties in a report on Monday, May 6th. Finally, Bank of America downgraded EPR Properties from a “neutral” rating to an “underperform” rating and lowered their target price on the stock from $45.00 to $40.00 in a research note on Monday, May 20. Two equities research analysts have rated the stock with a sell rating, six have rated it with a hold rating, and three have rated it with a buy rating. According to MarketBeat data, the company’s current consensus rating is a “hold” with an average price target of $47.25.
View the latest EPR property reports
EPR Properties Company Profile
(Free report)
EPR Properties (NYSE:EPR) is a leading diversified experiential net lease real estate investment trust (REIT) focused on select, permanent, experiential properties in the real estate industry. The Company focuses on real estate properties that create value by facilitating outdoor leisure and recreation experiences where consumers choose to spend their discretionary time and money.
Feature Articles
Want to see if other hedge funds hold EPR? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for EPR Properties (NYSE:EPR – Free Report).
Receive daily EPR Properties news and reviews –Enter your email address below to receive a concise summary of the latest news and analyst ratings on EPR Properties and related companies every day via MarketBeat.com’s free email newsletter.
