Convergence Investment Partners LLC Acquires Shares of 21,558 EPR Properties $EPR

Convergence Investment Partners LLC acquired a new position in shares of EPR Properties (NYSE:EPR) during the first quarter, Holdings Channel reports. The fund acquired 21,558 shares of the real estate investment trust’s stock, valued at approximately $1,077,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of EPR Properties during the fourth quarter valued at about $82,823,000. Wasatch Advisors LP bought a new stake in EPR Properties in the 1st quarter worth about $48,633,000. Northern Trust Corp increased its stake in EPR Properties by 84.8% in the 3rd quarter. Northern Trust Corp now owns 1,564,309 shares of the real estate investment trust’s stock valued at $90,746,000 after buying an additional 717,734 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in EPR Properties in the 4th quarter valued at about $30,055,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in EPR Properties in the 3rd quarter valued at about $27,895,000. Institutional investors own 74.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EPR. Weiss Ratings restated a “buy (b)” rating on shares of EPR Properties in a research note on Friday, May 22nd. UBS Group set a $70.00 price target on EPR Properties in a research report on Thursday, July 2nd. Morgan Stanley raised EPR Properties from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 12th. Wells Fargo & Company lifted their price target on EPR Properties from $60.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Finally, Huntington initiated coverage on EPR Properties in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $65.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.50.

EPR Properties Stock Performance

NYSE EPR opened at $62.05 on Wednesday. EPR Properties has a 52-week low of $48.10 and a 52-week high of $63.30. The company has a 50-day simple moving average of $58.75 and a 200 day simple moving average of $56.35. The company has a debt-to-equity ratio of 1.27, a quick ratio of 7.85 and a current ratio of 7.85. The company has a market capitalization of $4.75 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 2.51 and a beta of 1.02.

EPR Properties (NYSE:EPR) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The company had revenue of $181.25 million during the quarter, compared to analysts’ expectations of $150.01 million. EPR Properties had a net margin of 37.50% and a return on equity of 11.68%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. EPR Properties has set its FY 2026 guidance at 5.370-5.530 EPS. On average, research analysts predict that EPR Properties will post 5.31 EPS for the current year.

EPR Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a $0.31 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, July 31st. EPR Properties’s payout ratio is 115.17%.

Insider Activity at EPR Properties

In related news, SVP Gwendolyn Mary Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $60.00, for a total value of $60,000.00. Following the transaction, the senior vice president owned 13,213 shares in the company, valued at approximately $792,780. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.03% of the company’s stock.

EPR Properties Profile

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.