Daiwa Securities Group Inc. Lowers Position in EPR Properties (NYSE:EPR)

Daiwa Securities Group Inc. cut its stake in EPR Properties (NYSE:EPR) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,834 shares of the real estate investment trust’s stock after selling 7,330 shares during the quarter. Daiwa Securities Group Inc.’s holdings in EPR Properties were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System raised its stake in shares of EPR Properties by 1.4% in the third quarter. Arizona State Retirement System now owns 21,434 shares of the real estate investment trust’s stock worth $890,000 after purchasing an additional 291 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of EPR Properties by 1.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 19,474 shares of the real estate investment trust’s stock valued at $944,000 after acquiring an additional 297 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of EPR Properties by 59.5% during the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 307 shares during the last quarter. Van ECK Associates Corp increased its position in shares of EPR Properties by 4.3% during the third quarter. Van ECK Associates Corp now owns 8,762 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 363 shares during the last quarter. Finally, abrdn plc increased its position in shares of EPR Properties by 2.5% during the third quarter. abrdn plc now owns 15,135 shares of the real estate investment trust’s stock valued at $629,000 after acquiring an additional 371 shares during the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EPR shares. KeyCorp increased their price target on EPR Properties from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. Raymond James increased their price target on EPR Properties from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. JMP Securities lowered EPR Properties from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Royal Bank of Canada increased their price objective on EPR Properties from $48.00 to $51.00 and gave the company a “sector perform” rating in a report on Thursday, January 11th. Finally, StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.05.

EPR Properties Price Performance

Shares of NYSE EPR opened at $41.15 on Thursday. The stock has a market cap of $3.11 billion, a PE ratio of 20.89 and a beta of 1.65. EPR Properties has a fifty-two week low of $39.01 and a fifty-two week high of $49.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 7.53 and a current ratio of 7.53. The stock has a fifty day moving average of $41.63 and a 200-day moving average of $43.87.

EPR Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.285 dividend. This represents a $3.42 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend is Monday, April 29th. EPR Properties’s dividend payout ratio (DPR) is presently 173.60%.

About EPR Properties

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.