Principal Financial Group Inc. Sells 76,769 Shares of EPR Properties (NYSE:EPR)

Principal Financial Group Inc. lowered its position in EPR Properties (NYSE:EPR) by 30.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,263 shares of the real estate investment trust’s stock after selling 76,769 shares during the period. Principal Financial Group Inc.’s holdings in EPR Properties were worth $8,595,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EPR. Vanguard Group Inc. lifted its position in EPR Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 11,366,416 shares of the real estate investment trust’s stock valued at $482,504,000 after purchasing an additional 109,144 shares in the last quarter. Renaissance Technologies LLC lifted its position in EPR Properties by 23.3% during the second quarter. Renaissance Technologies LLC now owns 1,177,586 shares of the real estate investment trust’s stock valued at $49,435,000 after purchasing an additional 222,800 shares in the last quarter. LSV Asset Management lifted its position in EPR Properties by 0.5% during the second quarter. LSV Asset Management now owns 1,139,494 shares of the real estate investment trust’s stock valued at $47,836,000 after purchasing an additional 5,140 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in EPR Properties by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,106,593 shares of the real estate investment trust’s stock valued at $46,454,000 after purchasing an additional 53,997 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in EPR Properties by 64.1% during the second quarter. AQR Capital Management LLC now owns 1,044,134 shares of the real estate investment trust’s stock valued at $43,279,000 after purchasing an additional 407,767 shares in the last quarter. Institutional investors own 74.66% of the company’s stock.

Insider Transactions at EPR Properties

In related news, CAO Tonya L. Mater sold 1,000 shares of the company’s stock in a transaction that occurred 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 directly owns 42,710 shares in the company, valued at approximately $1,964,660. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.13% of the company’s stock.

EPR Properties Price Performance

Shares of EPR Properties stock opened at $44.45 on Tuesday. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. EPR Properties has a twelve month low of $39.65 and a twelve month high of $50.26. The firm has a market cap of $3.37 billion, a PE ratio of 19.13 and a beta of 1.76. The business has a 50-day moving average price of $47.41 and a 200 day moving average price of $44.62.

EPR Properties Announces Dividend

The business also recently announced a nov 24 dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.285 per share. This represents a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, November 29th. EPR Properties’s dividend payout ratio is currently 148.05%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EPR. StockNews.com downgraded EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. UBS Group started coverage on EPR Properties in a research report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 price objective on the stock. Stifel Nicolaus boosted their price objective on EPR Properties from $42.50 to $47.50 and gave the company a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on EPR Properties from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, Royal Bank of Canada upgraded EPR Properties from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $48.00 to $50.00 in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $48.28.

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.