EPR Properties (NYSE:EPR) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of EPR Properties (NYSE:EPR) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,044 shares of the real estate investment trust’s stock after buying an additional 1,030 shares during the period. PNC Financial Services Group Inc.’s holdings in EPR Properties were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in EPR Properties by 304.7% during the third 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 last quarter. Raymond James Financial Inc. acquired a new position in EPR Properties during the fourth quarter worth $13,145,000. JPMorgan Chase & Co. boosted its stake in EPR Properties by 35.7% during the third 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 last quarter. Eagle Asset Management Inc. acquired a new position in EPR Properties during the third quarter worth $5,224,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of EPR Properties by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,145,267 shares of the real estate investment trust’s stock valued at $50,712,000 after purchasing an additional 60,953 shares during the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

Wall Street Analyst Weigh In

EPR has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Monday, March 10th. Truist Financial upped their price target on EPR Properties from $46.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Royal Bank of Canada upped their price target on EPR Properties from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Finally, Stifel Nicolaus upped their price target on EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.75.

EPR Properties Price Performance

EPR opened at $51.35 on Friday. The stock’s 50-day moving average price is $49.21 and its 200 day moving average price is $47.27. 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 has a 12-month low of $39.66 and a 12-month high of $54.25. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 22.23 and a beta of 1.72.

EPR Properties (NYSE:EPR) last issued its quarterly earnings results 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 return on equity of 8.22% and a net margin of 28.87%. The company had revenue of $149.12 million for the quarter, compared to the consensus estimate of $161.25 million. As a group, sell-side analysts expect that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.295 per share. This is an increase from EPR Properties’s previous monthly dividend of $0.29. The ex-dividend date is Monday, March 31st. This represents a $3.54 annualized dividend and a yield of 6.89%. EPR Properties’s dividend payout ratio is 221.25%.

Insiders Place Their Bets

In other news, CAO Tonya L. Mater sold 3,120 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.90, for a total value of $161,928.00. Following the transaction, the chief accounting officer now owns 46,827 shares in the company, valued at approximately $2,430,321.30. This represents a 6.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $51.99, for a total value of $129,975.00. Following the completion of the transaction, the senior vice president now owns 15,299 shares in the company, valued at approximately $795,395.01. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,520 shares of company stock worth $502,581 in the last quarter. 2.13% of the stock is owned by company insiders.

About EPR Properties

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.