Clearbridge Investments LLC cut its position in shares of EPR Properties (NYSE:EPR) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 263,710 shares of the real estate investment trust’s stock after selling 17,200 shares during the quarter. Clearbridge Investments LLC owned 0.36% of EPR Properties worth $17,262,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in EPR Properties by 2.6% in the 4th quarter. BlackRock Inc. now owns 7,718,600 shares of the real estate investment trust’s stock valued at $505,259,000 after acquiring an additional 194,735 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of EPR Properties by 18.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 1,963,255 shares of the real estate investment trust’s stock valued at $128,515,000 after purchasing an additional 308,837 shares during the last quarter. Uniplan Investment Counsel Inc. increased its stake in shares of EPR Properties by 17.1% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,217,866 shares of the real estate investment trust’s stock valued at $84,933,000 after purchasing an additional 177,534 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of EPR Properties by 7.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,004,364 shares of the real estate investment trust’s stock valued at $70,044,000 after purchasing an additional 71,892 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of EPR Properties by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 830,965 shares of the real estate investment trust’s stock valued at $54,394,000 after purchasing an additional 25,535 shares during the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.
Shares of EPR stock traded up $0.40 on Friday, reaching $56.40. The company’s stock had a trading volume of 695,684 shares, compared to its average volume of 549,520. EPR Properties has a 12-month low of $51.87 and a 12-month high of $76.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 8.20 and a current ratio of 8.20. The company has a market capitalization of $4,161.75, a PE ratio of 11.24, a price-to-earnings-growth ratio of 2.99 and a beta of 0.45.
EPR Properties (NYSE:EPR) last released its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.44 by ($0.70). EPR Properties had a net margin of 45.65% and a return on equity of 9.60%. The firm had revenue of $147.70 million for the quarter, compared to analysts’ expectations of $151.87 million. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. sell-side analysts forecast that EPR Properties will post 5.31 EPS for the current fiscal year.
The business also recently disclosed a mar 18 dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, March 28th. This represents a dividend yield of 7.67%. EPR Properties’s dividend payout ratio (DPR) is currently 86.06%.
EPR has been the topic of a number of analyst reports. Ladenburg Thalmann set a $72.00 price objective on EPR Properties and gave the company a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research downgraded EPR Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Citigroup lowered their price objective on EPR Properties from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, March 13th. JPMorgan Chase downgraded EPR Properties from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Finally, ValuEngine lowered EPR Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned 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 $68.44.
In related news, SVP Craig L. Evans sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $60.03, for a total value of $840,420.00. Following the sale, the senior vice president now directly owns 38,384 shares of the company’s stock, valued at $2,304,191.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.
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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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