Summit Global Investments Cuts Stock Position in EPR Properties (NYSE:EPR)

Summit Global Investments lowered its holdings in EPR Properties (NYSE:EPR - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,851 shares of the real estate investment trust's stock after selling 13,389 shares during the quarter. Summit Global Investments' holdings in EPR Properties were worth $658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 1620 Investment Advisors Inc. raised its holdings in shares of EPR Properties by 1.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 15,071 shares of the real estate investment trust's stock worth $667,000 after acquiring an additional 219 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of EPR Properties by 5.9% in the fourth 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 in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of 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 valued at $608,000 after buying an additional 249 shares during the last quarter. State of Alaska Department of Revenue grew its holdings 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 buying an additional 251 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in EPR Properties by 36.6% in the 4th quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 302 shares during the last quarter. Institutional investors own 74.66% of the company's stock.

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Wall Street Analysts Forecast Growth

EPR has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of EPR Properties from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Wells Fargo & Company upped their price objective on shares of EPR Properties from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Monday, March 10th. Truist Financial lifted their target price 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, Stifel Nicolaus upped their target price on EPR Properties from $51.00 to $52.00 and gave the company a "hold" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two 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 $51.00.

EPR Properties Stock Performance

NYSE:EPR traded down $0.49 during trading hours on Thursday, reaching $51.32. The stock had a trading volume of 692,321 shares, compared to its average volume of 562,860. 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 stock has a market cap of $3.90 billion, a P/E ratio of 22.22 and a beta of 1.72. EPR Properties has a 12-month low of $39.66 and a 12-month high of $54.25. The stock has a 50 day simple moving average of $49.58 and a 200 day simple moving average of $47.35.

EPR Properties (NYSE:EPR - Get Free Report) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The firm had revenue of $149.12 million during the quarter, compared to analyst estimates of $161.25 million. On average, research analysts forecast that EPR Properties will post 4.65 EPS for the current fiscal 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 paid a dividend of $0.295 per share. This represents a $3.54 dividend on an annualized basis and a dividend yield of 6.90%. This is a positive change from EPR Properties's previous monthly dividend of $0.29. The ex-dividend date is Monday, March 31st. EPR Properties's payout ratio is presently 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 that occurred on Monday, March 17th. The shares were sold at an average price of $51.99, for a total value of $129,975.00. Following the sale, the senior vice president now directly owns 15,299 shares in the company, valued at $795,395.01. This represents a 14.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Tonya L. Mater sold 3,120 shares of the stock in a transaction 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 in the company, valued at $2,430,321.30. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,520 shares of company stock valued at $502,581. Corporate insiders own 2.13% of the company's stock.

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.