Franklin Resources Inc. lowered its holdings in EPR Properties (NYSE:EPR - Free Report) by 50.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,018 shares of the real estate investment trust's stock after selling 79,346 shares during the period. Franklin Resources Inc. owned about 0.10% of EPR Properties worth $3,855,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its position in EPR Properties by 64.1% during the second quarter. AQR Capital Management LLC now owns 1,044,134 shares of the real estate investment trust's stock valued at $43,279,000 after buying an additional 407,767 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in EPR Properties by 304.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,621 shares of the real estate investment trust's stock valued at $22,442,000 after acquiring an additional 344,544 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of EPR Properties by 23.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,177,586 shares of the real estate investment trust's stock valued at $49,435,000 after acquiring an additional 222,800 shares during the period. Raymond James & Associates increased its stake in shares of EPR Properties by 398.0% during the 3rd quarter. Raymond James & Associates now owns 154,198 shares of the real estate investment trust's stock worth $7,562,000 after purchasing an additional 123,233 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of EPR Properties in the 3rd quarter worth approximately $5,224,000. Institutional investors own 74.66% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on EPR shares. UBS Group assumed coverage on EPR Properties in a research report on Thursday, November 14th. They issued a "neutral" rating and a $48.00 target price for the company. JMP Securities reissued a "market perform" rating on shares of EPR Properties in a report on Tuesday, September 24th. Wells Fargo & Company reiterated an "underweight" rating and set a $47.00 target price (up previously from $45.00) on shares of EPR Properties in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of EPR Properties from $48.00 to $51.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.28.
Read Our Latest Research Report on EPR Properties
EPR Properties Price Performance
EPR Properties stock traded up $0.14 during midday trading on Wednesday, reaching $43.79. 189,774 shares of the stock were exchanged, compared to its average volume of 574,302. EPR Properties has a 52 week low of $39.65 and a 52 week high of $50.26. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. The firm has a market cap of $3.32 billion, a PE ratio of 18.96 and a beta of 1.75. The company's fifty day moving average is $45.46 and its 200-day moving average is $45.24.
EPR Properties Announces Dividend
The company also recently declared a dec 24 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.285 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 7.6%. EPR Properties's payout ratio is currently 148.05%.
About EPR Properties
(
Free Report)
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.
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