EPR Properties (EPR) Reaches New 52-Week High at $76.16

EPR Properties (NYSE:EPR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $76.16 and last traded at $75.67, with a volume of 140841 shares trading hands. The stock had previously closed at $75.39.

A number of brokerages have issued reports on EPR. ValuEngine upgraded shares of EPR Properties from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Zacks Investment Research lowered shares of EPR Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Raymond James upgraded shares of EPR Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Thursday, December 6th. JPMorgan Chase & Co. upgraded shares of EPR Properties from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Finally, Royal Bank of Canada restated a “buy” rating and set a $73.00 price target on shares of EPR Properties in a research note on Monday, November 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. EPR Properties presently has a consensus rating of “Hold” and a consensus price target of $69.93.

The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 4.21 and a beta of 0.69. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 1.04.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 5.95%. This is a positive change from EPR Properties’s previous monthly dividend of $0.36.

In other news, CFO Mark Alan Peterson sold 3,575 shares of the stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $72.02, for a total value of $257,471.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael L. Hirons sold 8,128 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $74.97, for a total transaction of $609,356.16. The disclosure for this sale can be found here. Insiders sold 15,563 shares of company stock worth $1,154,384 in the last quarter. Company insiders own 1.36% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EPR. Bank of New York Mellon Corp increased its stake in shares of EPR Properties by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 889,244 shares of the real estate investment trust’s stock worth $57,613,000 after acquiring an additional 6,101 shares during the period. Russell Investments Group Ltd. grew its position in EPR Properties by 49.4% during the third quarter. Russell Investments Group Ltd. now owns 12,136 shares of the real estate investment trust’s stock valued at $831,000 after buying an additional 4,013 shares during the period. State Board of Administration of Florida Retirement System grew its position in EPR Properties by 2.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 58,570 shares of the real estate investment trust’s stock valued at $4,007,000 after buying an additional 1,408 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in EPR Properties by 17.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 78,426 shares of the real estate investment trust’s stock valued at $5,365,000 after buying an additional 11,595 shares during the period. Finally, JPMorgan Chase & Co. grew its position in EPR Properties by 27.5% during the third quarter. JPMorgan Chase & Co. now owns 285,054 shares of the real estate investment trust’s stock valued at $19,500,000 after buying an additional 61,477 shares during the period. Hedge funds and other institutional investors own 84.28% of the company’s stock.

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EPR Properties Company Profile (NYSE:EPR)

EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.

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