Midwest Professional Planners LTD. grew its stake in shares of EPR Properties (NYSE:EPR – Free Report) by 42.1% in the second quarter, Holdings Channel reports. The fund owned 53,325 shares of the real estate investment trust’s stock after acquiring an additional 15,793 shares during the quarter. Midwest Professional Planners LTD.’s holdings in EPR Properties were worth $3,093,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of EPR. Fourth Dimension Wealth LLC raised its holdings in shares of EPR Properties by 66.7% in the 4th quarter. Fourth Dimension Wealth LLC now owns 500 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 200 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in EPR Properties during the third quarter valued at $26,000. First Bancorp Inc ME bought a new position in EPR Properties during the second quarter valued at $27,000. Transamerica Financial Advisors LLC increased its position in EPR Properties by 356.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 580 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 453 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in EPR Properties by 134.1% in the fourth quarter. Larson Financial Group LLC now owns 653 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.
EPR Properties Trading Up 1.2%
NYSE:EPR opened at $59.40 on Wednesday. The company has a market cap of $4.55 billion, a P/E ratio of 19.10, a P/E/G ratio of 2.25 and a beta of 1.01. The stock’s fifty day moving average price is $60.69 and its two-hundred day moving average price is $57.89. EPR Properties has a 1 year low of $48.10 and a 1 year high of $64.97. The company has a debt-to-equity ratio of 1.43, a current ratio of 9.51 and a quick ratio of 9.51.
EPR Properties Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.31 dividend. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 6.3%. EPR Properties’s dividend payout ratio (DPR) is currently 119.61%.
Insider Buying and Selling at EPR Properties
In other news, CAO Tonya L. Mater sold 6,692 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $61.79, for a total value of $413,498.68. Following the sale, the chief accounting officer directly owned 49,167 shares of the company’s stock, valued at approximately $3,038,028.93. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Elizabeth Grace sold 4,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $60.57, for a total transaction of $254,394.00. Following the completion of the transaction, the senior vice president owned 22,427 shares of the company’s stock, valued at $1,358,403.39. This trade represents a 15.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,892 shares of company stock valued at $844,113 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on EPR. Wells Fargo & Company upped their price target on EPR Properties from $60.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. KeyCorp raised EPR Properties from a “sector weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a report on Wednesday, August 19th. Royal Bank Of Canada boosted their price objective on EPR Properties from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Citigroup reaffirmed a “market outperform” rating on shares of EPR Properties in a report on Thursday, July 2nd. Finally, Huntington began coverage on shares of EPR Properties in a research report on Wednesday, July 15th. They set an “outperform” rating and a $65.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.45.
View Our Latest Stock Report on EPR
EPR Properties Company 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.
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