Vanguard Group Inc. Cuts Stock Position in EPR Properties (NYSE:EPR)

Vanguard Group Inc. lessened its position in shares of EPR Properties (NYSE:EPR - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,248,058 shares of the real estate investment trust's stock after selling 32,680 shares during the period. Vanguard Group Inc. owned about 14.85% of EPR Properties worth $498,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EPR. Cerity Partners LLC grew its holdings in shares of EPR Properties by 31.1% during the third quarter. Cerity Partners LLC now owns 19,022 shares of the real estate investment trust's stock worth $933,000 after buying an additional 4,507 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of EPR Properties by 304.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,621 shares of the real estate investment trust's stock valued at $22,442,000 after purchasing an additional 344,544 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of EPR Properties by 9.8% in the third quarter. Captrust Financial Advisors now owns 5,379 shares of the real estate investment trust's stock worth $264,000 after purchasing an additional 480 shares in the last quarter. Erste Asset Management GmbH acquired a new position in EPR Properties during the third quarter worth $442,000. Finally, Quantinno Capital Management LP boosted its stake in shares of EPR Properties by 28.4% during the 3rd quarter. Quantinno Capital Management LP now owns 126,026 shares of the real estate investment trust's stock worth $6,180,000 after buying an additional 27,856 shares during the last quarter. Institutional investors and hedge funds own 74.66% of the company's stock.

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Insider Activity

In related news, CAO Tonya L. Mater sold 3,120 shares of the company'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 transaction of $161,928.00. Following the transaction, the chief accounting officer now directly owns 46,827 shares of the company's stock, valued at approximately $2,430,321.30. This represents a 6.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $51.99, for a total transaction 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 $795,395.01. This trade represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,520 shares of company stock valued at $502,581. Company insiders own 2.13% of the company's stock.

EPR Properties Stock Performance

EPR Properties stock traded down $2.01 during midday trading on Friday, hitting $46.81. The company's stock had a trading volume of 2,000,364 shares, compared to its average volume of 603,932. The company has a 50-day moving average price of $50.12 and a two-hundred day moving average price of $47.50. EPR Properties has a 1-year low of $39.66 and a 1-year high of $54.25. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 20.26 and a beta of 1.72. 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 released its earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.56. The firm had revenue of $149.12 million during the quarter, compared to the consensus estimate of $161.25 million. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. As a group, sell-side analysts predict that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.295 dividend. This represents a $3.54 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from EPR Properties's previous monthly dividend of $0.29. EPR Properties's payout ratio is 221.25%.

Wall Street Analyst Weigh In

EPR has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on EPR Properties from $51.00 to $52.00 and gave the company a "hold" rating in a report on Thursday, February 27th. Wells Fargo & Company increased their price target on shares of EPR Properties from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Monday, March 10th. Royal Bank of Canada lifted 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. Finally, 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 report on Monday, March 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, EPR Properties currently has an average rating of "Hold" and an average price target 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.