BNP Paribas Arbitrage SA lowered its holdings in shares of EPR Properties (NYSE:EPR) by 46.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,888 shares of the real estate investment trust’s stock after selling 36,241 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.06% of EPR Properties worth $2,921,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of EPR Properties by 22.9% in the second quarter. Principal Financial Group Inc. now owns 3,849,777 shares of the real estate investment trust’s stock valued at $276,684,000 after acquiring an additional 718,310 shares in the last quarter. Uniplan Investment Counsel Inc. lifted its position in shares of EPR Properties by 69.5% in the second quarter. Uniplan Investment Counsel Inc. now owns 1,730,593 shares of the real estate investment trust’s stock valued at $74,769,000 after acquiring an additional 709,368 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of EPR Properties by 4.4% in the second quarter. Vanguard Group Inc. now owns 10,791,750 shares of the real estate investment trust’s stock valued at $775,604,000 after acquiring an additional 454,716 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of EPR Properties by 152.3% in the third quarter. Prudential Financial Inc. now owns 668,520 shares of the real estate investment trust’s stock valued at $46,622,000 after acquiring an additional 403,562 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of EPR Properties by 494.4% in the third quarter. American Century Companies Inc. now owns 345,054 shares of the real estate investment trust’s stock valued at $24,064,000 after acquiring an additional 287,003 shares in the last quarter. Institutional investors own 88.79% of the company’s stock.
Several equities analysts have recently weighed in on EPR shares. Ladenburg Thalmann Financial Services upgraded EPR Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, September 11th. Zacks Investment Research raised EPR Properties from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Tuesday, October 3rd. KeyCorp set a $80.00 price target on EPR Properties and gave the company a “buy” rating in a report on Sunday, October 29th. B. Riley set a $80.00 price target on EPR Properties and gave the company a “hold” rating in a report on Wednesday, November 15th. Finally, BidaskClub raised EPR Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $78.86.
In other EPR Properties news, VP Tonya L. Mater sold 2,100 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $68.09, for a total transaction of $142,989.00. Following the completion of the sale, the vice president now owns 28,929 shares of the company’s stock, valued at $1,969,775.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.
EPR Properties (NYSE EPR) traded down $0.50 during mid-day trading on Wednesday, reaching $66.48. The company’s stock had a trading volume of 329,801 shares, compared to its average volume of 441,475. The company has a debt-to-equity ratio of 1.03, a quick ratio of 7.88 and a current ratio of 7.88. The firm has a market capitalization of $5,013.09, a PE ratio of 13.75 and a beta of 0.57. EPR Properties has a one year low of $66.28 and a one year high of $77.70.
The firm also recently announced a nov 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a yield of 6.04%. EPR Properties’s dividend payout ratio (DPR) is 121.43%.
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About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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