EPR Properties (NYSE:EPR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in EPR Properties (NYSE:EPR - Free Report) by 37.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,263 shares of the real estate investment trust's stock after selling 92,970 shares during the quarter. Thrivent Financial for Lutherans owned about 0.21% of EPR Properties worth $7,008,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Global Retirement Partners LLC increased its stake in EPR Properties by 5.9% in the fourth quarter. Global Retirement Partners LLC now owns 4,117 shares of the real estate investment trust's stock valued at $182,000 after purchasing an additional 228 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of EPR Properties by 1.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,739 shares of the real estate investment trust's stock valued at $608,000 after acquiring an additional 249 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of EPR Properties by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 44,677 shares of the real estate investment trust's stock valued at $1,977,000 after acquiring an additional 251 shares in the last quarter. GAMMA Investing LLC raised its holdings in EPR Properties by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 302 shares in the last quarter. Finally, Highland Capital Management LLC lifted its position in EPR Properties by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 5,610 shares of the real estate investment trust's stock valued at $248,000 after purchasing an additional 349 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Transactions at EPR Properties

In related news, SVP Brian Andrew Moriarty sold 2,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $51.99, for a total value of $129,975.00. Following the completion of the transaction, the senior vice president now owns 15,299 shares of the company's stock, valued at approximately $795,395.01. The trade was a 14.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Gwendolyn Mary Johnson sold 3,900 shares of EPR Properties stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $54.02, for a total transaction of $210,678.00. Following the sale, the senior vice president now owns 8,216 shares of the company's stock, valued at approximately $443,828.32. This trade represents a 32.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,520 shares of company stock valued at $502,581 over the last three months. 2.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EPR shares. Stifel Nicolaus boosted their target price on EPR Properties from $51.00 to $52.00 and gave the stock a "hold" rating in a research report on Thursday, February 27th. Wells Fargo & Company upped their price objective on EPR Properties from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Monday, March 10th. Truist Financial raised their target price on EPR Properties from $51.00 to $53.00 and gave the company a "hold" rating in a report on Monday. Finally, Royal Bank of Canada upped their price target on shares of EPR Properties from $50.00 to $58.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $51.00.

EPR Properties Price Performance

Shares of NYSE:EPR traded down $0.49 during midday trading on Thursday, hitting $51.32. 692,321 shares of the stock were exchanged, compared to its average volume of 562,860. The stock has a market cap of $3.90 billion, a P/E ratio of 22.22 and a beta of 1.72. EPR Properties has a twelve month low of $39.66 and a twelve month high of $54.25. The company has a 50 day moving average price of $49.58 and a 200-day moving average price of $47.35. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19.

EPR Properties (NYSE:EPR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The company had revenue of $149.12 million for the quarter, compared to the consensus estimate of $161.25 million. On average, research analysts forecast that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.295 per share. This is an increase from EPR Properties's previous monthly dividend of $0.29. The ex-dividend date is Monday, March 31st. This represents a $3.54 annualized dividend and a yield of 6.90%. EPR Properties's dividend payout ratio (DPR) is presently 221.25%.

EPR Properties Profile

EPR Properties NYSE: EPR is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.