Principal Financial Group Inc. Sells 1,680 Shares of EPR Properties (NYSE:EPR)

Principal Financial Group Inc. reduced its stake in shares of EPR Properties (NYSE:EPR) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,583 shares of the real estate investment trust’s stock after selling 1,680 shares during the quarter. Principal Financial Group Inc. owned 0.23% of EPR Properties worth $7,686,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in EPR Properties by 4.2% during the third 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 in the last quarter. International Assets Investment Management LLC acquired a new position in EPR Properties during the third quarter valued at approximately $3,285,000. Algert Global LLC boosted its stake in EPR Properties by 58.6% in the third quarter. Algert Global LLC now owns 140,626 shares of the real estate investment trust’s stock valued at $6,896,000 after buying an additional 51,980 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of EPR Properties by 19.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 302,130 shares of the real estate investment trust’s stock valued at $14,816,000 after acquiring an additional 48,229 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of EPR Properties during the fourth quarter valued at $352,000. Institutional investors own 74.66% of the company’s stock.

Analyst Ratings Changes

EPR has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price target on shares of EPR Properties in a research note on Thursday, January 30th. Finally, UBS Group began coverage on shares of EPR Properties in a research report on Thursday, November 14th. They set a “neutral” rating and a $48.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EPR Properties presently has a consensus rating of “Hold” and an average target price of $48.50.

EPR Properties Stock Up 1.9 %

EPR Properties stock opened at $53.10 on Friday. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 22.99 and a beta of 1.75. The firm’s fifty day moving average price is $46.85 and its two-hundred day moving average price is $46.66. EPR Properties has a 1-year low of $39.65 and a 1-year high of $53.58. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.56. The business had revenue of $149.12 million for the quarter, compared to analysts’ expectations of $161.25 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. On average, equities research analysts predict that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.295 dividend. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.54 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Monday, March 31st. EPR Properties’s dividend payout ratio is presently 148.05%.

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.