Highland Capital Management LLC Makes New Investment in EPR Properties (NYSE:EPR)

Highland Capital Management LLC acquired a new stake in shares of EPR Properties (NYSE:EPR) during the third quarter, Holdings Channel.com reports. The fund acquired 5,261 shares of the real estate investment trust’s stock, valued at approximately $258,000.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in EPR Properties by 72.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,010 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 1,686 shares during the period. State of Michigan Retirement System lifted its stake in shares of EPR Properties by 2.2% in the first quarter. State of Michigan Retirement System now owns 18,489 shares of the real estate investment trust’s stock worth $785,000 after acquiring an additional 400 shares in the last quarter. Naviter Wealth LLC boosted its holdings in EPR Properties by 24.9% in the first quarter. Naviter Wealth LLC now owns 6,013 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 1,200 shares during the last quarter. PCG Wealth Advisors LLC grew its stake in EPR Properties by 78.0% during the 1st quarter. PCG Wealth Advisors LLC now owns 14,104 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 6,181 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in EPR Properties by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 283,575 shares of the real estate investment trust’s stock worth $12,038,000 after purchasing an additional 7,074 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Gwendolyn Mary Johnson sold 592 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $43.82, for a total value of $25,941.44. Following the sale, the senior vice president now owns 5,780 shares of the company’s stock, valued at $253,279.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $43.82, for a total value of $25,941.44. Following the sale, the senior vice president now directly owns 5,780 shares in the company, valued at $253,279.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonya L. Mater sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the transaction, the chief accounting officer now owns 42,710 shares of the company’s stock, valued at $1,964,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company’s stock.

Wall Street Analysts Forecast Growth

EPR has been the subject of several research analyst reports. JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a research note on Tuesday, September 24th. Truist Financial boosted their target price on shares of EPR Properties from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. StockNews.com cut shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Company reissued an “underweight” rating and issued a $47.00 price objective (up from $45.00) on shares of EPR Properties in a report on Tuesday, October 1st. Finally, Raymond James raised EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EPR Properties presently has a consensus rating of “Hold” and a consensus target price of $48.28.

EPR Properties Stock Down 1.5 %

Shares of EPR Properties stock opened at $46.43 on Monday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 22.87 and a beta of 1.75. EPR Properties has a twelve month low of $39.65 and a twelve month high of $50.26. The company has a current ratio of 11.12, a quick ratio of 11.12 and a debt-to-equity ratio of 1.16. The business’s 50 day simple moving average is $47.90 and its 200-day simple moving average is $44.09.

EPR Properties Dividend Announcement

The business also recently announced a oct 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.285 dividend. This represents a yield of 6.9%. The ex-dividend date of this dividend is Thursday, October 31st. EPR Properties’s payout ratio is 168.47%.

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.