Teacher Retirement System of Texas Buys 22,533 Shares of EPR Properties $EPR

Teacher Retirement System of Texas lifted its stake in shares of EPR Properties (NYSE:EPR) by 86.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,691 shares of the real estate investment trust’s stock after purchasing an additional 22,533 shares during the period. Teacher Retirement System of Texas’ holdings in EPR Properties were worth $2,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in EPR Properties in the 2nd quarter worth approximately $55,093,000. Prudential Financial Inc. increased its stake in shares of EPR Properties by 42.0% in the 2nd quarter. Prudential Financial Inc. now owns 1,870,499 shares of the real estate investment trust’s stock valued at $108,975,000 after buying an additional 553,209 shares during the period. AQR Capital Management LLC raised its position in shares of EPR Properties by 29.2% during the second quarter. AQR Capital Management LLC now owns 1,544,905 shares of the real estate investment trust’s stock worth $88,693,000 after acquiring an additional 348,908 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of EPR Properties by 68.1% during the second quarter. Quantinno Capital Management LP now owns 611,508 shares of the real estate investment trust’s stock worth $35,626,000 after acquiring an additional 247,750 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of EPR Properties during the third quarter valued at $11,666,000. Institutional investors and hedge funds own 74.66% of the company’s stock.

Insider Buying and Selling

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of EPR Properties stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $52.25, for a total transaction of $391,875.00. Following the transaction, the executive vice president directly owned 64,251 shares in the company, valued at approximately $3,357,114.75. The trade was a 10.45% 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 2.31% of the company’s stock.

EPR Properties Stock Performance

Shares of NYSE:EPR opened at $51.74 on Thursday. The firm’s 50 day simple moving average is $51.81 and its 200 day simple moving average is $53.67. EPR Properties has a fifty-two week low of $41.75 and a fifty-two week high of $61.24. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 3.06 and a beta of 0.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.21 and a quick ratio of 7.21.

EPR Properties (NYSE:EPR) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. The firm had revenue of $182.31 million during the quarter, compared to the consensus estimate of $181.78 million. EPR Properties had a net margin of 28.01% and a return on equity of 8.58%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. As a group, sell-side analysts forecast that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be given a $0.295 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. EPR Properties’s dividend payout ratio is currently 154.59%.

Wall Street Analyst Weigh In

A number of analysts recently commented on EPR shares. Wall Street Zen lowered EPR Properties from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Truist Financial lifted their price target on shares of EPR Properties from $55.00 to $57.00 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Wells Fargo & Company cut their price objective on shares of EPR Properties from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EPR Properties in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of EPR Properties from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, EPR Properties has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

About EPR Properties

EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.

The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.