Primecap Management Co. CA Sells 5,270 Shares of EPR Properties (NYSE:EPR)

Primecap Management Co. CA lowered its stake in EPR Properties (NYSE:EPR - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,990 shares of the real estate investment trust's stock after selling 5,270 shares during the period. Primecap Management Co. CA owned approximately 0.16% of EPR Properties worth $5,490,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC increased its stake in shares of EPR Properties by 5.9% in the 4th 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 last quarter. Kestra Private Wealth Services LLC grew its position in 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 during the last quarter. State of Alaska Department of Revenue raised its stake in EPR Properties by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 44,677 shares of the real estate investment trust's stock worth $1,977,000 after acquiring an additional 251 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of EPR Properties by 36.6% in the fourth quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 302 shares during the last quarter. Finally, Highland Capital Management LLC increased its holdings 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. Institutional investors and hedge funds own 74.66% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective 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 raised their price target 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. Truist Financial increased their price objective on shares of EPR Properties from $51.00 to $53.00 and gave the stock a "hold" rating in a research report on Monday. Finally, Royal Bank of Canada boosted their target price on shares of EPR Properties from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $51.00.

EPR Properties Stock Up 1.1 %

EPR traded up $0.57 during midday trading on Monday, hitting $51.96. The company had a trading volume of 795,591 shares, compared to its average volume of 560,904. The stock's 50 day moving average price is $49.21 and its 200 day moving average price is $47.26. EPR Properties has a 52 week low of $39.66 and a 52 week high of $54.25. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 22.49 and a beta of 1.72. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19.

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

EPR Properties Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 6.81%. This is a positive change from EPR Properties's previous monthly dividend of $0.29. The ex-dividend date of this dividend is Monday, March 31st. EPR Properties's dividend payout ratio is presently 221.25%.

Insider Buying and Selling

In related news, CAO Tonya L. Mater sold 3,120 shares of the company's stock in a transaction dated Monday, March 17th. The shares were 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 $2,430,321.30. This represents a 6.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Gwendolyn Mary Johnson sold 3,900 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $54.02, for a total transaction of $210,678.00. Following the completion of the transaction, the senior vice president now directly owns 8,216 shares in the company, valued at approximately $443,828.32. The trade was a 32.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,520 shares of company stock worth $502,581 in the last ninety days. Corporate insiders own 2.13% of the company's stock.

About EPR Properties

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.