EPR Properties (NYSE:EPR) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in EPR Properties (NYSE:EPR) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,145,267 shares of the real estate investment trust’s stock after purchasing an additional 60,953 shares during the quarter. Bank of New York Mellon Corp owned about 1.51% of EPR Properties worth $50,712,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPR. Brooklyn Investment Group acquired a new position in shares of EPR Properties during the third quarter worth $27,000. GAMMA Investing LLC raised its position in shares of EPR Properties by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 302 shares in the last quarter. Principal Securities Inc. lifted its position in shares of EPR Properties by 54.5% in the 4th quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 457 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of EPR Properties by 42.3% during the third quarter. Venturi Wealth Management LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 438 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of EPR Properties during the 3rd quarter worth approximately $78,000. 74.66% of the stock is currently owned by institutional investors and hedge funds.

EPR Properties Price Performance

Shares of EPR Properties stock opened at $53.37 on Thursday. The stock has a market cap of $4.04 billion, a PE ratio of 23.10 and a beta of 1.75. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $47.43 and its two-hundred day moving average price is $46.85. EPR Properties has a 52 week low of $39.65 and a 52 week high of $54.25.

EPR Properties (NYSE:EPR) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The firm had revenue of $149.12 million for the quarter, compared to analysts’ expectations of $161.25 million. As a group, sell-side analysts anticipate that EPR Properties will post 4.65 EPS for the current fiscal year.

EPR Properties Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.295 dividend. This represents a $3.54 annualized dividend and a yield of 6.63%. The ex-dividend date is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. EPR Properties’s dividend payout ratio is currently 213.75%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EPR shares. UBS Group assumed coverage on EPR Properties in a research report on Thursday, November 14th. They set a “neutral” rating and a $48.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $50.00 target price on shares of EPR Properties in a research note on Thursday, January 30th. Two investment 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. According to data from MarketBeat.com, EPR Properties presently has a consensus rating of “Hold” and a consensus price target of $48.50.

Insiders Place Their Bets

In other news, SVP Gwendolyn Mary Johnson sold 3,900 shares of EPR Properties stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $54.02, for a total transaction of $210,678.00. Following the completion of the sale, the senior vice president now directly owns 8,216 shares in the company, valued at $443,828.32. The trade was a 32.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.13% of the company’s stock.

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.