EPR Properties (NYSE:EPR) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of EPR Properties (NYSE:EPR) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,381,323 shares of the real estate investment trust’s stock after selling 2,900 shares during the period. Renaissance Technologies LLC’s holdings in EPR Properties were worth $61,165,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new position in shares of EPR Properties in the 4th quarter worth approximately $302,313,000. Norges Bank purchased a new position in shares of EPR Properties in the 4th quarter valued at $41,148,000. American Century Companies Inc. grew its position in shares of EPR Properties by 44.6% in the 4th quarter. American Century Companies Inc. now owns 1,085,947 shares of the real estate investment trust’s stock valued at $48,086,000 after buying an additional 334,943 shares during the last quarter. Raymond James Financial Inc. purchased a new position in EPR Properties during the 4th quarter worth $13,145,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of EPR Properties by 35.7% in the third quarter. JPMorgan Chase & Co. now owns 673,117 shares of the real estate investment trust’s stock valued at $33,010,000 after acquiring an additional 177,061 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

EPR Properties Stock Performance

Shares of EPR opened at $47.16 on Thursday. EPR Properties has a 12-month low of $39.66 and a 12-month high of $54.25. The firm’s 50 day moving average is $49.95 and its 200-day moving average is $47.37. The stock has a market capitalization of $3.59 billion, a P/E ratio of 20.42 and a beta of 1.30. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81.

EPR Properties (NYSE:EPR) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, topping the consensus estimate of $0.66 by $0.56. The business had revenue of $149.12 million during the quarter, compared to analysts’ expectations of $161.25 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. Equities research analysts anticipate that EPR Properties will post 4.65 EPS for the current fiscal year.

EPR Properties Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.295 per share. The ex-dividend date is Monday, March 31st. This represents a $3.54 dividend on an annualized basis and a yield of 7.51%. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. EPR Properties’s payout ratio is 221.25%.

Analyst Ratings Changes

Several analysts recently commented on EPR shares. Stifel Nicolaus raised their price objective on shares of EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday, February 27th. Truist Financial upped their price target on shares of EPR Properties from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, March 24th. Wells Fargo & Company upped their target price on shares of EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada raised their price target on shares of EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EPR Properties currently has an average rating of “Hold” and a consensus target price of $51.00.

Insider Buying and Selling

In other news, CAO Tonya L. Mater sold 3,120 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the sale, the chief accounting officer now owns 46,827 shares in the company, valued at approximately $2,430,321.30. The trade was a 6.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the transaction, the senior vice president now owns 15,299 shares in the company, valued at approximately $795,395.01. This trade represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,520 shares of company stock valued at $502,581. 2.13% of the stock is owned by company insiders.

EPR Properties Profile

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.