Principal Financial Group Inc. Has $8.60 Million Stock Position in EPR Properties (NYSE:EPR)

Principal Financial Group Inc. decreased its stake in EPR Properties (NYSE:EPR) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,263 shares of the real estate investment trust’s stock after selling 76,769 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of EPR Properties worth $8,595,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of EPR Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 11,366,416 shares of the real estate investment trust’s stock valued at $482,504,000 after acquiring an additional 109,144 shares during the period. Renaissance Technologies LLC boosted its stake in shares of EPR Properties by 23.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,177,586 shares of the real estate investment trust’s stock valued at $49,435,000 after purchasing an additional 222,800 shares in the last quarter. LSV Asset Management boosted its stake in shares of EPR Properties by 0.5% in the 2nd quarter. LSV Asset Management now owns 1,139,494 shares of the real estate investment trust’s stock valued at $47,836,000 after purchasing an additional 5,140 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of EPR Properties by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,106,593 shares of the real estate investment trust’s stock valued at $46,454,000 after purchasing an additional 53,997 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of EPR Properties by 64.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,044,134 shares of the real estate investment trust’s stock valued at $43,279,000 after purchasing an additional 407,767 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

Insider Activity

In other EPR Properties news, CAO Tonya L. Mater sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the sale, the chief accounting officer now owns 42,710 shares in the company, valued at approximately $1,964,660. This trade represents a 2.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.13% of the company’s stock.

EPR Properties Stock Performance

Shares of EPR opened at $44.45 on Tuesday. The stock’s 50-day simple moving average is $47.41 and its 200 day simple moving average is $44.62. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 19.13 and a beta of 1.76. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. EPR Properties has a 52-week low of $39.65 and a 52-week high of $50.26.

EPR Properties Announces Dividend

The company also recently disclosed a nov 24 dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 7.8%. EPR Properties’s dividend payout ratio (DPR) is presently 148.05%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “underweight” rating and set a $47.00 price target (up previously from $45.00) on shares of EPR Properties in a research report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on shares of EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Royal Bank of Canada upgraded shares of EPR Properties from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $48.00 to $50.00 in a research report on Monday, August 5th. Stifel Nicolaus upped their price target on shares of EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a research report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EPR Properties presently has a consensus rating of “Hold” and an average price target of $48.28.

EPR Properties Company 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.