Cornerstone Capital Management Holdings LLC. increased its position in shares of EPR Properties (NYSE:EPR) by 17.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,818 shares of the real estate investment trust’s stock after acquiring an additional 5,255 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in EPR Properties were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in EPR Properties by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 320,349 shares of the real estate investment trust’s stock valued at $23,024,000 after buying an additional 11,363 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of EPR Properties during the second quarter worth about $1,120,000. Uniplan Investment Counsel Inc. lifted its position in shares of EPR Properties by 69.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,730,593 shares of the real estate investment trust’s stock worth $74,769,000 after purchasing an additional 709,368 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of EPR Properties by 8.8% during the second quarter. Penserra Capital Management LLC now owns 1,601 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 129 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of EPR Properties by 1.2% during the second quarter. Teacher Retirement System of Texas now owns 5,083 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 58 shares during the period. 88.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EPR Properties (NYSE:EPR) traded up $0.33 during mid-day trading on Thursday, hitting $60.30. The stock had a trading volume of 629,031 shares, compared to its average volume of 494,408. EPR Properties has a twelve month low of $59.53 and a twelve month high of $77.70. The stock has a market capitalization of $4,440.00, a PE ratio of 17.95, a P/E/G ratio of 2.09 and a beta of 0.57. 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 declared a dec 17 dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.34 dividend. This represents a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, December 28th. EPR Properties’s dividend payout ratio is currently 121.43%.
A number of analysts recently weighed in on the stock. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of EPR Properties in a research note on Monday, November 13th. B. Riley restated a “neutral” rating on shares of EPR Properties in a research report on Wednesday, November 1st. JPMorgan Chase & Co. lowered shares of EPR Properties from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of EPR Properties from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Tuesday, October 3rd. Finally, SunTrust Banks assumed coverage on EPR Properties in a report on Tuesday, December 19th. They set a “hold” rating and a $69.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.17.
In related news, SVP Craig L. Evans sold 14,000 shares of EPR Properties stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $60.03, for a total transaction of $840,420.00. Following the completion of the sale, the senior vice president now owns 38,384 shares in the company, valued at approximately $2,304,191.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Tonya L. Mater sold 2,100 shares of EPR Properties stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $68.09, for a total value of $142,989.00. Following the completion of the sale, the vice president now owns 28,929 shares of the company’s stock, valued at approximately $1,969,775.61. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,459 shares of company stock valued at $1,615,516. Company insiders own 1.50% of the company’s stock.
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About EPR Properties
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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