Mesirow Financial Investment Management Equity Management cut its stake in shares of EPR Properties (NYSE:EPR) by 9.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,635 shares of the real estate investment trust’s stock after selling 2,660 shares during the quarter. Mesirow Financial Investment Management Equity Management’s holdings in EPR Properties were worth $1,823,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of EPR. Principal Financial Group Inc. boosted its stake in EPR Properties by 38.3% during the first quarter. Principal Financial Group Inc. now owns 5,105,162 shares of the real estate investment trust’s stock worth $282,826,000 after acquiring an additional 1,412,865 shares in the last quarter. BlackRock Inc. raised its holdings in EPR Properties by 6.0% during the second quarter. BlackRock Inc. now owns 8,536,989 shares of the real estate investment trust’s stock worth $553,110,000 after buying an additional 484,113 shares during the last quarter. Scout Investments Inc. raised its holdings in EPR Properties by 54.6% during the second quarter. Scout Investments Inc. now owns 712,704 shares of the real estate investment trust’s stock worth $46,176,000 after buying an additional 251,579 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in EPR Properties by 25.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,215,904 shares of the real estate investment trust’s stock worth $83,180,000 after buying an additional 243,776 shares during the last quarter. Finally, FMR LLC acquired a new position in EPR Properties during the second quarter worth $13,851,000. 89.46% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the stock. ValuEngine downgraded shares of EPR Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. TheStreet upgraded shares of EPR Properties from a “c” rating to a “b” rating in a report on Wednesday, August 1st. Citigroup upped their price objective on shares of EPR Properties from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 2nd. Stifel Nicolaus upped their price objective on shares of EPR Properties from $66.00 to $68.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. Finally, Bank of America upped their price objective on shares of EPR Properties from $62.25 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $69.81.
EPR Properties (NYSE:EPR) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.18. The company had revenue of $176.40 million during the quarter, compared to the consensus estimate of $157.09 million. EPR Properties had a net margin of 40.84% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 earnings per share. On average, equities research analysts anticipate that EPR Properties will post 6.04 earnings per share for the current fiscal year.
The company also recently announced a oct 18 dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a dividend yield of 6.36%. EPR Properties’s dividend payout ratio is currently 86.06%.
In other news, SVP Michael L. Hirons sold 7,000 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $69.97, for a total value of $489,790.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.36% of the company’s stock.
EPR Properties Company Profile
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
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