Alliancebernstein L.P. Trims Stake in EPR Properties (NYSE:EPR)

Alliancebernstein L.P. lessened its holdings in shares of EPR Properties (NYSE:EPR) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,619 shares of the real estate investment trust’s stock after selling 7,688 shares during the period. Alliancebernstein L.P. owned about 0.14% of EPR Properties worth $4,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EPR. Wealthfront Advisers LLC purchased a new position in EPR Properties during the 4th quarter valued at $302,313,000. Norges Bank purchased a new stake in shares of EPR Properties during the fourth quarter valued at $41,148,000. American Century Companies Inc. grew its holdings in shares of EPR Properties by 44.6% in the fourth quarter. American Century Companies Inc. now owns 1,085,947 shares of the real estate investment trust’s stock worth $48,086,000 after purchasing an additional 334,943 shares during the last quarter. Raymond James Financial Inc. purchased a new position in EPR Properties in the 4th quarter worth about $13,145,000. Finally, JPMorgan Chase & Co. increased its stake in EPR Properties by 35.7% in the 3rd 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 period. Institutional investors own 74.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EPR shares. Wells Fargo & Company upped their target price on shares of EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Monday, March 10th. Stifel Nicolaus increased their price objective on EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, February 27th. Royal Bank of Canada lifted their target price on EPR Properties from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Finally, Truist Financial increased their price target on EPR Properties from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.00.

EPR Properties Trading Up 2.1 %

EPR opened at $47.18 on Monday. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 20.42 and a beta of 1.30. EPR Properties has a 12 month low of $39.66 and a 12 month high of $54.25. The stock has a fifty day moving average price of $49.96 and a 200-day moving average price of $47.32.

EPR Properties (NYSE:EPR) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, beating the consensus estimate of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The business had revenue of $149.12 million during the quarter, compared to analyst estimates of $161.25 million. As a group, equities research analysts anticipate that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.295 per share. This represents a $3.54 annualized dividend and a dividend yield of 7.50%. The ex-dividend date is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. EPR Properties’s dividend payout ratio is currently 221.25%.

Insider Transactions at EPR Properties

In related news, SVP Gwendolyn Mary Johnson sold 3,900 shares of EPR Properties stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $54.02, for a total value of $210,678.00. Following the completion of the sale, the senior vice president now directly owns 8,216 shares in the company, valued at $443,828.32. This trade represents a 32.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tonya L. Mater sold 3,120 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $51.90, for a total transaction of $161,928.00. Following the sale, the chief accounting officer now directly owns 46,827 shares in the company, valued at approximately $2,430,321.30. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,520 shares of company stock valued at $502,581 in the last quarter. 2.13% of the stock is currently owned by corporate insiders.

EPR Properties Company 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.