Raymond James Financial Inc. Makes New $13.15 Million Investment in EPR Properties (NYSE:EPR)

Raymond James Financial Inc. bought a new position in shares of EPR Properties (NYSE:EPR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 296,853 shares of the real estate investment trust's stock, valued at approximately $13,145,000. Raymond James Financial Inc. owned 0.39% of EPR Properties as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of EPR Properties by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,349,900 shares of the real estate investment trust's stock worth $66,199,000 after purchasing an additional 54,567 shares during the period. Algert Global LLC raised its position in shares of EPR Properties by 58.6% during the third quarter. Algert Global LLC now owns 140,626 shares of the real estate investment trust's stock worth $6,896,000 after purchasing an additional 51,980 shares during the period. Empowered Funds LLC acquired a new position in shares of EPR Properties during the fourth quarter worth approximately $352,000. JPMorgan Chase & Co. grew its holdings in EPR Properties by 35.7% during the third quarter. JPMorgan Chase & Co. now owns 673,117 shares of the real estate investment trust's stock worth $33,010,000 after buying an additional 177,061 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in EPR Properties by 1.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 13,739 shares of the real estate investment trust's stock worth $608,000 after buying an additional 249 shares in the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their price objective on EPR Properties from $51.00 to $52.00 and gave the company a "hold" rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price objective on EPR Properties from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Monday, March 10th. Truist Financial raised their price objective on EPR Properties from $46.00 to $51.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Finally, Royal Bank of Canada raised their price objective on EPR Properties from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $50.75.

Insider Buying and Selling

In related news, SVP Brian Andrew Moriarty sold 2,500 shares of the business's stock in a transaction that occurred on 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 sale, the senior vice president now owns 15,299 shares in the company, valued at $795,395.01. The trade was a 14.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Tonya L. Mater sold 3,120 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the sale, the chief accounting officer now owns 46,827 shares of the company's stock, valued at $2,430,321.30. The trade was a 6.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,520 shares of company stock valued at $502,581. 2.13% of the stock is owned by insiders.

EPR Properties Stock Performance

Shares of EPR Properties stock traded down $0.26 during trading hours on Friday, hitting $51.35. 1,119,108 shares of the company's stock traded hands, compared to its average volume of 559,962. EPR Properties has a 12-month low of $39.66 and a 12-month high of $54.25. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 22.23 and a beta of 1.72. The company has a fifty day simple moving average of $49.21 and a 200-day simple moving average of $47.27. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81.

EPR Properties (NYSE:EPR - Get Free Report) last announced its 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 return on equity of 8.22% and a net margin of 28.87%. The firm had revenue of $149.12 million during the quarter, compared to analyst estimates of $161.25 million. Equities research analysts anticipate that EPR Properties will post 4.65 EPS for the current fiscal year.

EPR Properties Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.295 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.54 annualized dividend and a yield of 6.89%. This is a positive change from EPR Properties's previous monthly dividend of $0.29. EPR Properties's dividend payout ratio (DPR) is 221.25%.

EPR Properties Company 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.