EPR Properties (NYSE:EPR) Shares Sold by Summit Global Investments

Summit Global Investments reduced its stake in shares of EPR Properties (NYSE:EPR) by 47.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,851 shares of the real estate investment trust’s stock after selling 13,389 shares during the period. Summit Global Investments’ holdings in EPR Properties were worth $658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in EPR Properties in the third quarter valued at about $27,000. Synergy Investment Management LLC acquired a new stake in EPR Properties in the 4th quarter valued at about $27,000. GAMMA Investing LLC increased its stake in shares of EPR Properties by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 302 shares in the last quarter. Principal Securities Inc. raised its position in shares of EPR Properties by 54.5% during the 4th quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 457 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in EPR Properties by 51.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,530 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 522 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

EPR Properties Trading Down 0.5 %

Shares of EPR stock opened at $51.35 on Monday. The stock has a fifty day moving average of $49.21 and a two-hundred day moving average of $47.26. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. The firm has a market capitalization of $3.91 billion, a PE ratio of 22.23 and a beta of 1.72. EPR Properties has a 1 year low of $39.66 and a 1 year high of $54.25.

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

EPR Properties Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.295 dividend. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. The ex-dividend date is Monday, March 31st. This represents a $3.54 dividend on an annualized basis and a yield of 6.89%. EPR Properties’s dividend payout ratio (DPR) is currently 221.25%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EPR shares. Royal Bank of Canada increased their price objective on EPR Properties from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Wells Fargo & Company raised their price objective on EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. Stifel Nicolaus upped 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. Finally, Truist Financial boosted their target price on EPR Properties from $46.00 to $51.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.75.

Insiders Place Their Bets

In other news, SVP Brian Andrew Moriarty sold 2,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $51.99, for a total value of $129,975.00. Following the completion of the sale, the senior vice president now directly owns 15,299 shares of the company’s stock, valued at $795,395.01. This represents a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonya L. Mater sold 3,120 shares of the stock in a transaction on Monday, March 17th. The stock was 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 of the company’s stock, valued at approximately $2,430,321.30. This represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,520 shares of company stock worth $502,581. Corporate insiders own 2.13% of the company’s stock.

EPR Properties Company 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.