Arizona State Retirement System Sells 378 Shares of EPR Properties (NYSE:EPR)

Arizona State Retirement System cut its stake in EPR Properties (NYSE:EPR) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,056 shares of the real estate investment trust’s stock after selling 378 shares during the quarter. Arizona State Retirement System’s holdings in EPR Properties were worth $1,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in EPR. Waterfront Capital Partners LLC bought a new stake in EPR Properties during the second quarter valued at approximately $56,871,000. Rush Island Management LP grew its position in EPR Properties by 1,022.5% during the third quarter. Rush Island Management LP now owns 1,026,081 shares of the real estate investment trust’s stock valued at $42,623,000 after buying an additional 934,674 shares during the period. Norges Bank bought a new stake in EPR Properties during the fourth quarter valued at approximately $30,670,000. Millennium Management LLC grew its position in EPR Properties by 489.9% during the fourth quarter. Millennium Management LLC now owns 827,848 shares of the real estate investment trust’s stock valued at $31,226,000 after buying an additional 687,512 shares during the period. Finally, State Street Corp grew its position in EPR Properties by 14.6% during 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 buying an additional 523,061 shares during the period. 74.66% of the stock is currently owned by institutional investors.

EPR Properties Price Performance

EPR stock opened at $40.39 on Tuesday. EPR Properties has a one year low of $39.01 and a one year high of $49.10. The company’s fifty day moving average price is $41.90 and its 200-day moving average price is $43.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 7.53 and a current ratio of 7.53. The company has a market capitalization of $3.06 billion, a PE ratio of 20.50 and a beta of 1.65.

EPR Properties Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.285 dividend. This represents a $3.42 annualized dividend and a dividend yield of 8.47%. The ex-dividend date was Wednesday, March 27th. This is an increase from EPR Properties’s previous monthly dividend of $0.28. EPR Properties’s payout ratio is 173.60%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EPR. JMP Securities lowered shares of EPR Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. KeyCorp lifted their price target on shares of EPR Properties from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Royal Bank of Canada lifted their price target on shares of EPR Properties from $48.00 to $51.00 and gave the company a “sector perform” rating in a report on Thursday, January 11th. Raymond James lifted their price target on shares of EPR Properties from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. raised shares of EPR Properties from a “neutral” rating to an “overweight” rating and set a $51.00 price target on the stock in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.05.

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.