EPR Properties (NYSE:EPR) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its holdings in shares of EPR Properties (NYSE:EPR) by 24.3% in the fourth quarter, HoldingsChannel reports. The firm owned 22,834 shares of the real estate investment trust’s stock after selling 7,330 shares during the period. Daiwa Securities Group Inc.’s holdings in EPR Properties were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rush Island Management LP raised its position in shares of 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 worth $42,623,000 after acquiring an additional 934,674 shares during the period. Wellington Management Group LLP raised its position in shares of EPR Properties by 31.9% in the third quarter. Wellington Management Group LLP now owns 433,238 shares of the real estate investment trust’s stock worth $17,997,000 after acquiring an additional 104,835 shares during the period. Allstate Corp acquired a new position in shares of EPR Properties in the third quarter worth about $3,263,000. AQR Capital Management LLC raised its position in shares of EPR Properties by 22.1% in the third quarter. AQR Capital Management LLC now owns 393,618 shares of the real estate investment trust’s stock worth $16,351,000 after acquiring an additional 71,213 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of EPR Properties in the third quarter worth about $2,711,000. 74.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EPR has been the subject of several research analyst reports. Truist Financial reduced their price target 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. StockNews.com downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Raymond James upped their price target on shares of EPR Properties from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. JMP Securities downgraded shares of EPR Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada upped their price target on shares of EPR Properties from $48.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.05.

EPR Properties Stock Performance

Shares of EPR stock opened at $41.15 on Thursday. The firm’s 50 day moving average price is $41.63 and its 200-day moving average price is $43.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 7.53 and a current ratio of 7.53. EPR Properties has a one year low of $39.01 and a one year high of $49.10. The firm has a market cap of $3.11 billion, a P/E ratio of 20.89 and a beta of 1.65.

EPR Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $3.42 annualized dividend and a dividend yield of 8.31%. EPR Properties’s dividend payout ratio is currently 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.