KLP Kapitalforvaltning AS Takes Position in EPR Properties (NYSE:EPR)

KLP Kapitalforvaltning AS bought a new stake in EPR Properties (NYSE:EPR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,200 shares of the real estate investment trust's stock, valued at approximately $944,000.

A number of other institutional investors have also added to or reduced their stakes in EPR. American Century Companies Inc. lifted its position in shares of EPR Properties by 44.6% in the fourth quarter. American Century Companies Inc. now owns 1,085,947 shares of the real estate investment trust's stock valued at $48,086,000 after buying an additional 334,943 shares during the last quarter. MRP Capital Investments LLC boosted its position in EPR Properties by 9.9% during the fourth quarter. MRP Capital Investments LLC now owns 4,446 shares of the real estate investment trust's stock worth $197,000 after purchasing an additional 401 shares during the period. 1620 Investment Advisors Inc. raised its position in shares of EPR Properties by 1.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 15,071 shares of the real estate investment trust's stock valued at $667,000 after purchasing an additional 219 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in EPR Properties by 38.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,067 shares of the real estate investment trust's stock valued at $1,818,000 after acquiring an additional 11,308 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in EPR Properties by 42.4% during the fourth quarter. Teacher Retirement System of Texas now owns 34,442 shares of the real estate investment trust's stock worth $1,525,000 after acquiring an additional 10,248 shares during the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.

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EPR Properties Price Performance

NYSE EPR traded down $1.51 on Friday, hitting $47.32. 1,347,488 shares of the company's stock were exchanged, compared to its average volume of 601,513. The stock has a 50-day moving average of $50.12 and a 200-day moving average of $47.50. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 20.49 and a beta of 1.72. EPR Properties has a 52 week low of $39.66 and a 52 week high of $54.25. 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 released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.56. The business had revenue of $149.12 million for the quarter, compared to analyst estimates of $161.25 million. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. Analysts expect that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.295 per share. This represents a $3.54 dividend on an annualized basis and a yield of 7.48%. This is a boost from EPR Properties's previous monthly dividend of $0.29. The ex-dividend date is Monday, March 31st. EPR Properties's dividend payout ratio is currently 221.25%.

Insider Buying and Selling

In other EPR Properties news, SVP Brian Andrew Moriarty sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 15,299 shares in the company, valued at approximately $795,395.01. This trade represents a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonya L. Mater sold 3,120 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.90, for a total value of $161,928.00. Following the sale, the chief accounting officer now owns 46,827 shares in the company, valued at approximately $2,430,321.30. This trade represents a 6.25 % 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 worth $502,581 in the last three months. 2.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EPR. Royal Bank of Canada increased their target price on EPR Properties from $50.00 to $58.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Stifel Nicolaus upped their price target on shares of EPR Properties from $51.00 to $52.00 and gave the company a "hold" rating in a research note on Thursday, February 27th. Truist Financial lifted their price objective on shares of EPR Properties from $51.00 to $53.00 and gave the stock a "hold" rating in a research note on Monday, March 24th. Finally, Wells Fargo & Company raised their target price on shares of EPR Properties from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $51.00.

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.