Pinnacle Financial Partners Inc. boosted its holdings in EPR Properties (NYSE:EPR) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,352 shares of the real estate investment trust’s stock after buying an additional 283 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in EPR Properties were worth $399,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of EPR Properties by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,602 shares of the real estate investment trust’s stock valued at $74,250,000 after acquiring an additional 7,086 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of EPR Properties by 8.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,017,610 shares of the real estate investment trust’s stock worth $75,904,000 after acquiring an additional 80,515 shares during the last quarter. Northern Trust Corp grew its holdings in shares of EPR Properties by 1.7% in the 2nd quarter. Northern Trust Corp now owns 879,176 shares of the real estate investment trust’s stock worth $65,577,000 after acquiring an additional 15,028 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of EPR Properties by 5.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 619,382 shares of the real estate investment trust’s stock worth $46,200,000 after purchasing an additional 32,256 shares during the period. Finally, FMR LLC raised its position in shares of EPR Properties by 56.1% during the first quarter. FMR LLC now owns 525,303 shares of the real estate investment trust’s stock worth $40,396,000 after purchasing an additional 188,800 shares during the period. Hedge funds and other institutional investors own 85.58% of the company’s stock.
Several equities research analysts have recently commented on EPR shares. ValuEngine downgraded EPR Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Bank of America cut EPR Properties from a “neutral” rating to an “underperform” rating and set a $80.00 price target on the stock. in a research note on Tuesday, June 11th. Royal Bank of Canada boosted their price objective on EPR Properties to $83.00 in a report on Tuesday, May 28th. JPMorgan Chase & Co. upped their price objective on shares of EPR Properties from $76.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus raised their target price on shares of EPR Properties from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. EPR Properties currently has a consensus rating of “Hold” and an average price target of $79.71.
NYSE:EPR traded up $0.37 during trading hours on Wednesday, hitting $77.40. 5,033 shares of the stock traded hands, compared to its average volume of 400,592. The firm has a 50 day moving average price of $76.27 and a 200 day moving average price of $76.75. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 1.06. EPR Properties has a fifty-two week low of $62.75 and a fifty-two week high of $80.75. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 4.51 and a beta of 0.53.
EPR Properties (NYSE:EPR) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.52). The business had revenue of $175.70 million during the quarter, compared to analyst estimates of $168.46 million. EPR Properties had a return on equity of 9.81% and a net margin of 41.51%. The business’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period last year, the business earned $1.87 EPS. Research analysts predict that EPR Properties will post 5.42 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 29th. This represents a $4.50 dividend on an annualized basis and a yield of 5.81%. EPR Properties’s payout ratio is presently 73.77%.
In other news, Director Peter C. Brown sold 2,578 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $79.11, for a total value of $203,945.58. Following the transaction, the director now owns 7,866 shares in the company, valued at approximately $622,279.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Druten sold 3,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $73.26, for a total transaction of $219,780.00. Following the completion of the sale, the director now directly owns 31,237 shares of the company’s stock, valued at $2,288,422.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,459 shares of company stock worth $570,820. Company insiders own 1.34% of the company’s stock.
About EPR Properties
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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