Principal Financial Group Inc. Trims Stock Holdings in EPR Properties (NYSE:EPR)

Principal Financial Group Inc. trimmed its holdings in EPR Properties (NYSE:EPR - Free Report) by 30.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,263 shares of the real estate investment trust's stock after selling 76,769 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of EPR Properties worth $8,595,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of EPR Properties by 64.1% in 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 purchasing an additional 407,767 shares during the period. Renaissance Technologies LLC increased its holdings 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 worth $49,435,000 after buying an additional 222,800 shares during the last quarter. Swedbank AB purchased a new stake in shares of EPR Properties during the 1st quarter valued at approximately $7,429,000. Raymond James & Associates raised its position 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 valued at $7,562,000 after buying an additional 123,233 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in EPR Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 11,366,416 shares of the real estate investment trust's stock valued at $482,504,000 after acquiring an additional 109,144 shares during the last quarter. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

EPR Properties Stock Up 0.4 %

NYSE EPR traded up $0.20 on Tuesday, hitting $44.65. 173,742 shares of the stock were exchanged, compared to its average volume of 579,607. EPR Properties has a fifty-two week low of $39.65 and a fifty-two week high of $50.26. The company has a 50-day moving average price of $47.34 and a 200-day moving average price of $44.64. The company has a market cap of $3.38 billion, a PE ratio of 19.28 and a beta of 1.76. 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 Dividend Announcement

The firm also recently declared a nov 24 dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.285 dividend. This represents a yield of 7.8%. The ex-dividend date of this dividend is Friday, November 29th. EPR Properties's dividend payout ratio is presently 148.05%.

Insiders Place Their Bets

In other news, CAO Tonya L. Mater sold 1,000 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the transaction, the chief accounting officer now owns 42,710 shares in the company, valued at approximately $1,964,660. This represents a 2.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.13% of the stock is owned by company insiders.

Analyst Ratings Changes

EPR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on EPR Properties from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. UBS Group started coverage on shares of EPR Properties in a research report on Thursday, November 14th. They set a "neutral" rating and a $48.00 price target for the company. Stifel Nicolaus increased their price objective on shares of EPR Properties from $42.50 to $47.50 and gave the stock a "hold" rating in a research report on Thursday, August 1st. JMP Securities reissued a "market perform" rating on shares of EPR Properties in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company restated an "underweight" rating and set a $47.00 price target (up from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $48.28.

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.