EPR Properties (NYSE:EPR) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in EPR Properties (NYSE:EPR) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,612 shares of the real estate investment trust’s stock after acquiring an additional 1,353 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in EPR Properties were worth $611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arizona State Retirement System increased its stake in shares of EPR Properties by 1.4% in the third quarter. Arizona State Retirement System now owns 21,434 shares of the real estate investment trust’s stock worth $890,000 after acquiring an additional 291 shares during the period. Prime Capital Investment Advisors LLC grew its position in EPR Properties by 1.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 19,474 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 297 shares during the period. Venturi Wealth Management LLC grew its position in EPR Properties by 59.5% during the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 307 shares during the period. Van ECK Associates Corp increased its holdings in EPR Properties by 4.3% in the third quarter. Van ECK Associates Corp now owns 8,762 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 363 shares in the last quarter. Finally, abrdn plc increased its holdings in EPR Properties by 2.5% in the third quarter. abrdn plc now owns 15,135 shares of the real estate investment trust’s stock valued at $629,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EPR. Royal Bank of Canada lifted their price objective on shares of EPR Properties from $48.00 to $51.00 and gave the company a “sector perform” rating in a report on Thursday, January 11th. KeyCorp lifted their price objective on shares of EPR Properties from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Raymond James lifted their price objective on shares of EPR Properties from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, January 8th. JMP Securities cut shares of EPR Properties from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, Truist Financial cut their price objective on shares of EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, EPR Properties has a consensus rating of “Hold” and an average target price of $48.05.

EPR Properties Price Performance

EPR Properties stock opened at $41.13 on Friday. The company’s 50 day simple moving average is $41.60 and its 200-day simple moving average is $43.86. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 20.88 and a beta of 1.65. EPR Properties has a 1 year low of $39.01 and a 1 year high of $49.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 7.53 and a current ratio of 7.53.

EPR Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.285 per share. This represents a $3.42 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend is Monday, April 29th. EPR Properties’s payout ratio is currently 173.60%.

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.