Vanguard Group Inc. Sells 82,832 Shares of EPR Properties (NYSE:EPR)

Vanguard Group Inc. cut its holdings in EPR Properties (NYSE:EPR) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,257,272 shares of the real estate investment trust’s stock after selling 82,832 shares during the period. Vanguard Group Inc. owned approximately 14.87% of EPR Properties worth $545,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Retirement Systems of Alabama raised its position in shares of EPR Properties by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 94,345 shares of the real estate investment trust’s stock worth $4,571,000 after acquiring an additional 295 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of EPR Properties by 1.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 19,474 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 297 shares during the period. Venturi Wealth Management LLC grew its stake in shares of EPR Properties by 59.5% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 307 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of EPR Properties by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 32,910 shares of the real estate investment trust’s stock valued at $1,594,000 after buying an additional 320 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of EPR Properties by 1.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 22,705 shares of the real estate investment trust’s stock valued at $1,100,000 after buying an additional 364 shares during the period. 74.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EPR. Bank of America downgraded EPR Properties from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $45.00 to $40.00 in a research note on Monday, May 20th. Truist Financial reduced their target price on EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. StockNews.com downgraded EPR Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th. JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a research note on Friday, June 14th. Finally, Royal Bank of Canada cut their price target on EPR Properties from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.25.

EPR Properties Trading Up 1.2 %

Shares of EPR stock opened at $41.30 on Tuesday. The company’s fifty day simple moving average is $41.08 and its two-hundred day simple moving average is $43.05. The company has a debt-to-equity ratio of 1.15, a current ratio of 8.45 and a quick ratio of 8.45. EPR Properties has a 1 year low of $39.65 and a 1 year high of $49.10. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 20.34 and a beta of 1.68.

EPR Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.285 per share. The ex-dividend date is Friday, June 28th. This represents a $3.42 dividend on an annualized basis and a yield of 8.28%. EPR Properties’s payout ratio is 168.47%.

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.