Renaissance Technologies LLC Decreases Position in EPR Properties (NYSE:EPR)

Renaissance Technologies LLC trimmed its position in shares of EPR Properties (NYSE:EPR – Get Rating) by 52.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,800 shares of the real estate investment trust’s stock after selling 194,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.23% of EPR Properties worth $6,232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of EPR Properties by 1.1% in the first quarter. Vanguard Group Inc. now owns 11,230,223 shares of the real estate investment trust’s stock valued at $614,406,000 after acquiring an additional 126,217 shares in the last quarter. State Street Corp lifted its position in shares of EPR Properties by 14.6% in the first quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock valued at $226,203,000 after acquiring an additional 523,061 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of EPR Properties by 22.1% in the second quarter. Prudential Financial Inc. now owns 2,085,313 shares of the real estate investment trust’s stock valued at $97,865,000 after acquiring an additional 376,964 shares in the last quarter. PGGM Investments purchased a new stake in shares of EPR Properties in the third quarter valued at $48,027,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of EPR Properties by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,024,623 shares of the real estate investment trust’s stock valued at $56,058,000 after acquiring an additional 51,195 shares in the last quarter. 77.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EPR. JPMorgan Chase & Co. upgraded EPR Properties from an “underweight” rating to a “neutral” rating and set a $52.00 price objective on the stock in a research report on Friday, December 16th. Raymond James dropped their target price on EPR Properties from $48.00 to $45.00 and set a “strong-buy” rating for the company in a research note on Monday, January 9th. Truist Financial dropped their target price on EPR Properties from $57.00 to $45.00 in a research note on Friday, December 16th. Finally, StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a research note on Friday, January 13th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.33.

EPR Properties Stock Performance

Shares of NYSE:EPR opened at $39.11 on Friday. The firm has a market capitalization of $2.94 billion, a PE ratio of 19.36, a P/E/G ratio of 0.97 and a beta of 1.68. The company has a debt-to-equity ratio of 1.11, a current ratio of 7.76 and a quick ratio of 7.76. The business has a 50-day moving average of $40.80 and a two-hundred day moving average of $40.25. EPR Properties has a 12 month low of $34.58 and a 12 month high of $56.38.

EPR Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $3.30 annualized dividend and a yield of 8.44%. EPR Properties’s dividend payout ratio is presently 163.37%.

EPR Properties Profile

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EPR Properties operates as a real estate investment trust. The firm engages in the development, finance and leasing of theaters, entertainment retail and family entertainment centers. It operates through the following segments: Experiential, Education, and Corporate/Unallocated. The Experiential segment includes investments in megaplex theaters, entertainment retail centers, family entertainment centers and other retail parcels.