Teacher Retirement System of Texas Has $1.18 Million Position in EPR Properties (NYSE:EPR)

Teacher Retirement System of Texas reduced its position in shares of EPR Properties (NYSE:EPR) by 34.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,446 shares of the real estate investment trust’s stock after selling 11,996 shares during the quarter. Teacher Retirement System of Texas’ holdings in EPR Properties were worth $1,181,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. LSV Asset Management increased its stake in shares of EPR Properties by 12.3% in the fourth quarter. LSV Asset Management now owns 1,129,098 shares of the real estate investment trust’s stock worth $49,996,000 after acquiring an additional 123,400 shares during the last quarter. American Century Companies Inc. increased its stake 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 acquiring an additional 334,943 shares during the last quarter. Norges Bank acquired a new position in shares of EPR Properties in the fourth quarter worth $41,148,000. AQR Capital Management LLC increased its stake in shares of EPR Properties by 7.2% in the fourth quarter. AQR Capital Management LLC now owns 864,484 shares of the real estate investment trust’s stock worth $38,279,000 after acquiring an additional 58,106 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of EPR Properties by 30.6% in the fourth quarter. Northern Trust Corp now owns 844,940 shares of the real estate investment trust’s stock worth $37,414,000 after acquiring an additional 198,019 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

EPR Properties Trading Up 0.8%

EPR Properties stock opened at $60.26 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 8.28 and a quick ratio of 8.28. EPR Properties has a one year low of $41.75 and a one year high of $60.49. The company’s fifty day moving average price is $55.82 and its two-hundred day moving average price is $51.06. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 4.60 and a beta of 1.27.

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

EPR Properties Dividend Announcement

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

Insider Transactions at EPR Properties

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EPR shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of EPR Properties in a research note on Friday, May 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $58.00 price target on shares of EPR Properties in a research note on Monday, May 19th. UBS Group increased their target price on shares of EPR Properties from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Truist Financial increased their target price on shares of EPR Properties from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, May 19th. Finally, Stifel Nicolaus raised shares of EPR Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $52.00 to $65.00 in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.43.

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.