Convergence Investment Partners LLC Has $2.21 Million Stock Holdings in EPR Properties $EPR

Convergence Investment Partners LLC raised its position in shares of EPR Properties (NYSE:EPR) by 77.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,165 shares of the real estate investment trust’s stock after purchasing an additional 16,697 shares during the period. Convergence Investment Partners LLC owned approximately 0.05% of EPR Properties worth $2,214,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of EPR Properties during the 2nd quarter worth $55,093,000. Prudential Financial Inc. raised its stake in EPR Properties by 42.0% during the second quarter. Prudential Financial Inc. now owns 1,870,499 shares of the real estate investment trust’s stock worth $108,975,000 after acquiring an additional 553,209 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of EPR Properties by 29.2% in the second quarter. AQR Capital Management LLC now owns 1,544,905 shares of the real estate investment trust’s stock worth $88,693,000 after acquiring an additional 348,908 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of EPR Properties by 68.1% in the 2nd quarter. Quantinno Capital Management LP now owns 611,508 shares of the real estate investment trust’s stock valued at $35,626,000 after purchasing an additional 247,750 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of EPR Properties during the 3rd quarter valued at approximately $11,666,000. Institutional investors and hedge funds own 74.66% of the company’s stock.

Insider Activity at EPR Properties

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $52.25, for a total value of $391,875.00. Following the completion of the sale, the executive vice president directly owned 64,251 shares of the company’s stock, valued at $3,357,114.75. The trade was a 10.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.31% of the stock is currently owned by corporate insiders.

EPR Properties Stock Performance

Shares of EPR Properties stock opened at $54.26 on Monday. The business has a 50-day moving average price of $51.91 and a two-hundred day moving average price of $53.54. EPR Properties has a 1-year low of $41.75 and a 1-year high of $61.24. The company has a current ratio of 7.21, a quick ratio of 7.21 and a debt-to-equity ratio of 1.19. The company has a market cap of $4.13 billion, a P/E ratio of 23.69, a PEG ratio of 3.21 and a beta of 0.99.

EPR Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a dividend of $0.295 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, January 30th. EPR Properties’s dividend payout ratio is 154.59%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of EPR Properties in a research report on Monday, December 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $58.00 price target on shares of EPR Properties in a research note on Friday. Wells Fargo & Company lowered their price objective on EPR Properties from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Wall Street Zen downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of EPR Properties from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

EPR Properties Company Profile

EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.

The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.