Denali Advisors LLC lowered its position in EPR Properties (NYSE:EPR) by 35.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,700 shares of the real estate investment trust’s stock after selling 39,200 shares during the quarter. Denali Advisors LLC’s holdings in EPR Properties were worth $5,511,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in EPR Properties in the second quarter valued at $430,000. KBC Group NV lifted its stake in shares of EPR Properties by 59.7% during the second quarter. KBC Group NV now owns 31,783 shares of the real estate investment trust’s stock worth $2,371,000 after purchasing an additional 11,876 shares in the last quarter. Heritage Investors Management Corp acquired a new position in shares of EPR Properties during the second quarter worth about $251,000. Cetera Advisor Networks LLC lifted its stake in shares of EPR Properties by 11.1% during the second quarter. Cetera Advisor Networks LLC now owns 3,877 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 387 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in shares of EPR Properties by 25.9% during the first quarter. State of Wisconsin Investment Board now owns 157,725 shares of the real estate investment trust’s stock worth $12,129,000 after purchasing an additional 32,480 shares in the last quarter. Hedge funds and other institutional investors own 84.40% of the company’s stock.
Shares of NYSE EPR remained flat at $$77.62 during midday trading on Wednesday. The stock had a trading volume of 213,571 shares, compared to its average volume of 427,058. EPR Properties has a twelve month low of $62.75 and a twelve month high of $80.75. The company has a market capitalization of $6.03 billion, a PE ratio of 12.72, a PEG ratio of 4.53 and a beta of 0.49. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.32 and a quick ratio of 5.32. The stock’s 50-day moving average price is $77.24 and its two-hundred day moving average price is $77.11.
The firm also recently announced a — dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.375 per share. This represents a dividend yield of 5.8%. The ex-dividend date is Friday, September 27th. EPR Properties’s payout ratio is 73.77%.
EPR has been the topic of a number of recent research reports. Bank of America cut EPR Properties from a “neutral” rating to an “underperform” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, June 11th. Stifel Nicolaus boosted their price objective on EPR Properties from $80.00 to $82.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. ValuEngine cut EPR Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on EPR Properties from $76.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $80.33.
In other news, Director Robert J. Druten sold 3,000 shares of EPR Properties stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $73.26, for a total transaction of $219,780.00. Following the sale, the director now directly owns 31,237 shares of the company’s stock, valued at $2,288,422.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.34% of the stock is currently owned by insiders.
About EPR Properties
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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