Bank of New York Mellon Corp Raises Stake in EPR Properties $EPR

Bank of New York Mellon Corp boosted its position in shares of EPR Properties (NYSE:EPR) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,132,920 shares of the real estate investment trust’s stock after acquiring an additional 10,026 shares during the period. Bank of New York Mellon Corp owned about 1.49% of EPR Properties worth $66,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of EPR Properties by 235.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 537 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 377 shares in the last quarter. UMB Bank n.a. lifted its holdings in EPR Properties by 231.7% during the 2nd quarter. UMB Bank n.a. now owns 743 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 519 shares during the last quarter. Allworth Financial LP boosted its holdings in EPR Properties by 53.0% in the first quarter. Allworth Financial LP now owns 1,135 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 393 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in EPR Properties by 201.6% in the second quarter. Cullen Frost Bankers Inc. now owns 938 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 627 shares during the last quarter. Finally, Elequin Capital LP acquired a new stake in EPR Properties during the first quarter worth approximately $61,000. 74.66% of the stock is currently owned by institutional investors and hedge funds.

EPR Properties Stock Performance

Shares of EPR stock opened at $50.98 on Monday. The stock’s 50-day moving average price is $54.60 and its 200 day moving average price is $55.03. The company has a quick ratio of 7.77, a current ratio of 7.77 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $3.88 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 3.67 and a beta of 1.23. EPR Properties has a 52-week low of $41.75 and a 52-week high of $61.24.

EPR Properties (NYSE:EPR) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.07. The company had revenue of $154.84 million for the quarter, compared to the consensus estimate of $181.78 million. EPR Properties had a return on equity of 8.59% and a net margin of 28.01%.The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $1.30 EPS. EPR Properties has set its FY 2025 guidance at 5.050-5.130 EPS. As a group, equities research analysts forecast that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be paid a $0.295 dividend. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Friday, October 31st. EPR Properties’s payout ratio is currently 154.59%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EPR shares. Stifel Nicolaus upped their target price on shares of EPR Properties from $65.00 to $65.50 and gave the company a “buy” rating in a report on Thursday, July 31st. Royal Bank Of Canada downgraded shares of EPR Properties from an “outperform” rating to a “sector perform” rating and set a $58.00 price objective for the company. in a research note on Monday, August 4th. UBS Group cut their target price on EPR Properties from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Wells Fargo & Company raised EPR Properties from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $54.00 to $56.00 in a research report on Thursday, September 11th. Finally, Wall Street Zen downgraded EPR Properties from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.36.

Insider Buying and Selling

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $49.21, for a total value of $369,075.00. Following the completion of the sale, the executive vice president owned 73,877 shares in the company, valued at approximately $3,635,487.17. This trade represents a 9.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 22,500 shares of company stock worth $1,205,100. 2.31% of the stock is currently owned by corporate insiders.

About EPR Properties

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.