EPR Properties (NYSE:EPR) Shares Sold by Strs Ohio

Strs Ohio cut its stake in EPR Properties (NYSE:EPR) by 55.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,456 shares of the real estate investment trust’s stock after selling 53,594 shares during the period. Strs Ohio’s holdings in EPR Properties were worth $2,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Waterfront Capital Partners LLC purchased a new position in shares of EPR Properties in the 2nd quarter valued at about $56,871,000. Rush Island Management LP raised its holdings in EPR Properties by 1,022.5% in 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 acquiring an additional 934,674 shares in the last quarter. Norges Bank purchased a new position in EPR Properties in the fourth quarter worth approximately $30,670,000. Millennium Management LLC grew its holdings in EPR Properties by 489.9% during the 4th quarter. Millennium Management LLC now owns 827,848 shares of the real estate investment trust’s stock worth $31,226,000 after acquiring an additional 687,512 shares in the last quarter. Finally, State Street Corp increased its position in shares of EPR Properties by 14.6% in the 1st quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock valued at $226,203,000 after purchasing an additional 523,061 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on EPR. Truist Financial decreased their price objective on shares of EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Raymond James lifted their price target on EPR Properties from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. KeyCorp increased their price objective on EPR Properties from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, January 5th. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada increased their price target on shares of EPR Properties from $48.00 to $51.00 and gave the company a “sector perform” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.05.

EPR Properties Stock Performance

Shares of EPR Properties stock opened at $40.41 on Friday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 20.51 and a beta of 1.65. The firm’s fifty day simple moving average is $41.69 and its 200-day simple moving average is $43.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 7.53 and a quick ratio of 7.53. EPR Properties has a 12 month low of $39.01 and a 12 month high of $49.10.

EPR Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.285 dividend. The ex-dividend date is Monday, April 29th. This represents a $3.42 dividend on an annualized basis and a yield of 8.46%. EPR Properties’s dividend payout ratio is presently 173.60%.

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.