OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in shares of EPR Properties (NYSE:EPR – Free Report) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,964 shares of the real estate investment trust’s stock after selling 750 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in EPR Properties were worth $5,300,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Maridea Wealth Management LLC raised its stake in EPR Properties by 1.7% during the second quarter. Maridea Wealth Management LLC now owns 11,711 shares of the real estate investment trust’s stock valued at $682,000 after purchasing an additional 196 shares in the last quarter. Spire Wealth Management raised its stake in EPR Properties by 11.5% during the first quarter. Spire Wealth Management now owns 2,339 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 242 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in EPR Properties by 2.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 10,705 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 258 shares in the last quarter. EP Wealth Advisors LLC raised its stake in EPR Properties by 7.4% during the first quarter. EP Wealth Advisors LLC now owns 4,880 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 335 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of EPR Properties by 235.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 537 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 377 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.
EPR Properties Trading Down 0.9%
EPR stock opened at $53.81 on Monday. The company has a market capitalization of $4.10 billion, a PE ratio of 26.51, a P/E/G ratio of 3.79 and a beta of 1.28. EPR Properties has a 12 month low of $41.75 and a 12 month high of $61.24. The firm’s 50-day moving average is $55.28 and its 200 day moving average is $54.83. The company has a debt-to-equity ratio of 1.20, a current ratio of 7.77 and a quick ratio of 7.77.
EPR Properties Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.295 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Friday, October 31st. EPR Properties’s dividend payout ratio is presently 174.38%.
Insider Transactions at EPR Properties
In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $58.12, for a total transaction of $435,900.00. Following the transaction, the executive vice president directly owned 81,377 shares in the company, valued at $4,729,631.24. This represents a 8.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 22,500 shares of company stock worth $1,248,075. 2.31% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on EPR. Raymond James Financial increased their target price on shares of EPR Properties from $57.00 to $62.00 and gave the company a “strong-buy” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. increased their target price on shares of EPR Properties from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. UBS Group reduced their target price on shares of EPR Properties from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Wall Street Zen raised shares of EPR Properties from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Wells Fargo & Company raised shares of EPR Properties from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $54.00 to $56.00 in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.36.
Get Our Latest Stock Report on EPR Properties
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.
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