State Treasurer State of Michigan decreased its holdings in shares of EPR Properties (NYSE:EPR) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,100 shares of the real estate investment trust’s stock after selling 2,300 shares during the quarter. State Treasurer State of Michigan’s holdings in EPR Properties were worth $1,681,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of EPR. Schwab Charles Investment Management Inc. grew its holdings in EPR Properties by 3.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 320,349 shares of the real estate investment trust’s stock valued at $23,024,000 after purchasing an additional 11,363 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in EPR Properties during the second quarter valued at approximately $1,120,000. Uniplan Investment Counsel Inc. grew its holdings in EPR Properties by 69.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,730,593 shares of the real estate investment trust’s stock valued at $74,769,000 after purchasing an additional 709,368 shares during the period. Alpha Windward LLC grew its holdings in EPR Properties by 6.3% during the second quarter. Alpha Windward LLC now owns 6,763 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 403 shares during the period. Finally, Penserra Capital Management LLC grew its holdings in EPR Properties by 8.8% during the second quarter. Penserra Capital Management LLC now owns 1,601 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 129 shares during the period. Institutional investors own 86.92% of the company’s stock.
Shares of EPR Properties (EPR) opened at $69.12 on Tuesday. EPR Properties has a 52-week low of $66.62 and a 52-week high of $77.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 7.88 and a current ratio of 7.88. The firm has a market cap of $5,050.54, a PE ratio of 13.85 and a beta of 0.58.
The business also recently announced a oct 17 dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a dividend yield of 5.72%. EPR Properties’s dividend payout ratio (DPR) is currently 121.43%.
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A number of research analysts have weighed in on the stock. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of EPR Properties in a research note on Monday. Zacks Investment Research lowered shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley reissued a “hold” rating and issued a $80.00 price objective on shares of EPR Properties in a research report on Thursday, November 9th. KeyCorp set a $80.00 target price on shares of EPR Properties and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, BidaskClub upgraded shares of EPR Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. EPR Properties currently has an average rating of “Hold” and a consensus price target of $78.86.
About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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