Friedberg Investment Management reduced its stake in shares of EPR Properties (NYSE:EPR) by 75.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,470 shares of the real estate investment trust’s stock after selling 38,237 shares during the quarter. EPR Properties comprises about 1.4% of Friedberg Investment Management’s portfolio, making the stock its 29th biggest position. Friedberg Investment Management’s holdings in EPR Properties were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in EPR Properties by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,268 shares of the real estate investment trust’s stock valued at $1,672,000 after buying an additional 1,009 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in EPR Properties by 20.4% in the 2nd quarter. LS Investment Advisors LLC now owns 5,112 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 866 shares during the period. Louisiana State Employees Retirement System boosted its holdings in EPR Properties by 3.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the real estate investment trust’s stock valued at $1,200,000 after purchasing an additional 500 shares during the period. State Treasurer State of Michigan raised its position in shares of EPR Properties by 1.5% in the 2nd quarter. State Treasurer State of Michigan now owns 26,400 shares of the real estate investment trust’s stock valued at $1,897,000 after buying an additional 400 shares in the last quarter. Finally, Forsta AP Fonden increased its position in EPR Properties by 171.6% during the 2nd quarter. Forsta AP Fonden now owns 23,900 shares of the real estate investment trust’s stock worth $1,718,000 after purchasing an additional 15,100 shares in the last quarter. 88.79% of the stock is currently owned by hedge funds and other institutional investors.
EPR has been the subject of several recent research reports. B. Riley set a $80.00 price target on shares of EPR Properties and gave the company a “hold” rating in a research report on Wednesday, November 15th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of EPR Properties in a research note on Monday, November 13th. Zacks Investment Research lowered shares of EPR Properties from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. KeyCorp set a $80.00 price objective on shares of EPR Properties and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, BidaskClub upgraded shares of EPR Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.86.
In related news, VP Tonya L. Mater sold 2,100 shares of EPR Properties stock in a transaction on Monday, December 4th. The shares were sold at an average price of $68.09, for a total value of $142,989.00. Following the transaction, the vice president now directly owns 28,929 shares of the company’s stock, valued at $1,969,775.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.
Shares of EPR Properties (NYSE:EPR) traded up $0.23 during trading on Thursday, reaching $66.71. 298,390 shares of the company’s stock traded hands, compared to its average volume of 440,868. The company has a market capitalization of $4,934.26, a price-to-earnings ratio of 13.53 and a beta of 0.57. EPR Properties has a twelve month low of $66.21 and a twelve month high of $77.70. The company has a current ratio of 7.88, a quick ratio of 7.88 and a debt-to-equity ratio of 1.03.
The company also recently announced a nov 17 dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.34 dividend. This represents a dividend yield of 6.04%. The ex-dividend date is Wednesday, November 29th. EPR Properties’s payout ratio is 121.43%.
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EPR Properties Company Profile
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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