Pacer Advisors Inc. Decreases Stock Holdings in EPR Properties (NYSE:EPR)

Pacer Advisors Inc. reduced its stake in shares of EPR Properties (NYSE:EPR) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,814 shares of the real estate investment trust’s stock after selling 8,518 shares during the quarter. Pacer Advisors Inc.’s holdings in EPR Properties were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EPR. Geode Capital Management LLC grew its position in shares of EPR Properties by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,425,119 shares of the real estate investment trust’s stock worth $69,904,000 after buying an additional 7,429 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of EPR Properties by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,349,900 shares of the real estate investment trust’s stock worth $66,199,000 after buying an additional 54,567 shares during the period. JPMorgan Chase & Co. grew its position in shares of EPR Properties by 35.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 673,117 shares of the real estate investment trust’s stock worth $33,010,000 after buying an additional 177,061 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of EPR Properties by 304.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,621 shares of the real estate investment trust’s stock worth $22,442,000 after buying an additional 344,544 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in shares of EPR Properties by 19.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 302,130 shares of the real estate investment trust’s stock worth $14,816,000 after buying an additional 48,229 shares during the period. 74.66% of the stock is owned by hedge funds and other institutional investors.

EPR Properties Price Performance

EPR opened at $46.13 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. The stock has a market capitalization of $3.49 billion, a P/E ratio of 19.97 and a beta of 1.75. The company’s 50-day simple moving average is $45.23 and its two-hundred day simple moving average is $46.05. EPR Properties has a 52-week low of $39.65 and a 52-week high of $50.26.

EPR Properties Announces Dividend

The business also recently announced a jan 25 dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.285 per share. This represents a yield of 7.5%. The ex-dividend date of this dividend is Friday, January 31st. EPR Properties’s dividend payout ratio is currently 148.05%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of EPR Properties in a research report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price target on shares of EPR Properties in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.94.

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.