New York State Teachers Retirement System Sells 4,600 Shares of EPR Properties (NYSE:EPR)

New York State Teachers Retirement System lessened its holdings in shares of EPR Properties (NYSE:EPR) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,183 shares of the real estate investment trust’s stock after selling 4,600 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of EPR Properties worth $3,903,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of EPR Properties by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 83,936 shares of the real estate investment trust’s stock valued at $4,416,000 after acquiring an additional 1,591 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in EPR Properties in the 1st quarter worth approximately $325,000. Spire Wealth Management lifted its position in EPR Properties by 11.5% in the 1st quarter. Spire Wealth Management now owns 2,339 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 242 shares during the last quarter. Lecap Asset Management Ltd. lifted its position in EPR Properties by 21.4% in the 1st quarter. Lecap Asset Management Ltd. now owns 11,631 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 2,054 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in EPR Properties by 22.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 135,633 shares of the real estate investment trust’s stock worth $7,136,000 after buying an additional 25,159 shares during the last quarter. Institutional investors own 74.66% of the company’s stock.

EPR Properties Price Performance

Shares of EPR Properties stock opened at $59.47 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 8.28 and a quick ratio of 8.28. The business’s 50 day simple moving average is $54.86 and its two-hundred day simple moving average is $50.52. The stock has a market capitalization of $4.52 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 4.53 and a beta of 1.27. EPR Properties has a one year low of $41.38 and a one year high of $59.60.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.05. The business had revenue of $146.36 million for the quarter, compared to analysts’ expectations of $155.46 million. EPR Properties had a return on equity of 6.30% and a net margin of 21.13%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. Analysts forecast that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Announces Dividend

The business also recently declared a jun 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a yield of 6.3%. EPR Properties’s dividend payout ratio (DPR) is currently 217.18%.

Insider Buying and Selling

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of EPR Properties stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $58.37, for a total value of $437,775.00. Following the transaction, the executive vice president directly owned 103,877 shares of the company’s stock, valued at $6,063,300.49. The trade was a 6.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

EPR has been the subject of a number of recent research reports. Truist Financial boosted their target price on EPR Properties from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, May 19th. Wells Fargo & Company boosted their target price on EPR Properties from $52.00 to $53.00 and gave the stock an “underweight” rating in a research report on Monday, June 2nd. UBS Group boosted their target price on EPR Properties from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Stifel Nicolaus upgraded EPR Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $65.00 in a research report on Friday, June 20th. Finally, Wall Street Zen upgraded EPR Properties from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.43.

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.