Wedge Capital Management L L P NC decreased its holdings in EPR Properties (NYSE:EPR) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,063,265 shares of the real estate investment trust’s stock after selling 36,720 shares during the period. EPR Properties comprises 1.4% of Wedge Capital Management L L P NC’s portfolio, making the stock its 9th largest holding. Wedge Capital Management L L P NC’s holdings in EPR Properties were worth $141,148,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of EPR. Principal Financial Group Inc. increased its holdings in shares of EPR Properties by 38.3% in the 1st quarter. Principal Financial Group Inc. now owns 5,105,162 shares of the real estate investment trust’s stock valued at $282,826,000 after purchasing an additional 1,412,865 shares during the period. BlackRock Inc. increased its holdings in shares of EPR Properties by 6.0% in the 2nd quarter. BlackRock Inc. now owns 8,536,989 shares of the real estate investment trust’s stock valued at $553,110,000 after purchasing an additional 484,113 shares during the period. Scout Investments Inc. increased its holdings in shares of EPR Properties by 54.6% in the 2nd quarter. Scout Investments Inc. now owns 712,704 shares of the real estate investment trust’s stock valued at $46,176,000 after purchasing an additional 251,579 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of EPR Properties by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,215,904 shares of the real estate investment trust’s stock valued at $83,180,000 after purchasing an additional 243,776 shares during the period. Finally, FMR LLC acquired a new position in shares of EPR Properties in the 2nd quarter valued at about $13,851,000. Institutional investors own 89.46% of the company’s stock.
Several equities research analysts recently commented on EPR shares. Bank of America boosted their price target on EPR Properties from $62.25 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 16th. Raymond James started coverage on EPR Properties in a research note on Friday, July 20th. They issued a “market perform” rating for the company. Stifel Nicolaus boosted their price target on EPR Properties from $66.00 to $68.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. Citigroup boosted their price target on EPR Properties from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. Finally, TheStreet raised EPR Properties from a “c” rating to a “b” rating in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $70.44.
Shares of NYSE EPR opened at $69.39 on Friday. The company has a market capitalization of $5.16 billion, a P/E ratio of 13.82, a PEG ratio of 4.71 and a beta of 0.51. EPR Properties has a 52 week low of $51.87 and a 52 week high of $71.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 5.57 and a quick ratio of 6.16.
EPR Properties (NYSE:EPR) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.18. The firm had revenue of $176.40 million during the quarter, compared to analysts’ expectations of $157.09 million. EPR Properties had a return on equity of 9.62% and a net margin of 40.84%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. As a group, equities analysts forecast that EPR Properties will post 6.06 earnings per share for the current year.
The business also recently announced a oct 18 dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a yield of 6.36%. EPR Properties’s payout ratio is currently 86.06%.
In other EPR Properties news, SVP Michael L. Hirons sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $69.97, for a total transaction of $489,790.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.36% of the stock is owned by corporate insiders.
EPR Properties Profile
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
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