Principal Financial Group Inc. Grows Stock Position in EPR Properties (NYSE:EPR)

Principal Financial Group Inc. grew its position in EPR Properties (NYSE:EPR) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,282 shares of the real estate investment trust’s stock after acquiring an additional 699 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of EPR Properties worth $9,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EPR. LSV Asset Management increased its stake in EPR Properties by 12.3% during 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. grew 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 valued at $48,086,000 after buying an additional 334,943 shares in the last quarter. Norges Bank acquired a new stake in shares of EPR Properties in the fourth quarter valued at $41,148,000. AQR Capital Management LLC grew 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 valued at $38,279,000 after buying an additional 58,106 shares in the last quarter. Finally, Northern Trust Corp grew 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 valued at $37,414,000 after buying an additional 198,019 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EPR. Stifel Nicolaus upgraded EPR Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $52.00 to $65.00 in a report on Friday, June 20th. Wall Street Zen upgraded EPR Properties from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $58.00 target price on shares of EPR Properties in a report on Monday, May 19th. Raymond James Financial reiterated a “strong-buy” rating on shares of EPR Properties in a report on Friday, May 23rd. Finally, Truist Financial lifted their target price on EPR Properties from $53.00 to $55.00 and gave the company a “hold” rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EPR Properties has an average rating of “Moderate Buy” and an average price target of $56.43.

Insider Activity at EPR Properties

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of EPR Properties stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.37, for a total transaction of $437,775.00. Following the sale, the executive vice president owned 103,877 shares in the company, valued at approximately $6,063,300.49. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.31% of the company’s stock.

EPR Properties Stock Up 1.4%

Shares of NYSE EPR opened at $61.20 on Tuesday. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 37.54, a price-to-earnings-growth ratio of 4.59 and a beta of 1.27. 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 has a 50-day moving average of $55.82 and a two-hundred day moving average of $51.11. EPR Properties has a 1 year low of $41.75 and a 1 year high of $61.24.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.05. The company had revenue of $146.36 million during the quarter, compared to the consensus estimate of $155.46 million. EPR Properties had a return on equity of 6.30% and a net margin of 21.13%. EPR Properties’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. 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 announced a jun 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.295 per share. This represents a dividend yield of 6.3%. The ex-dividend date is Monday, June 30th. EPR Properties’s dividend payout ratio (DPR) is currently 217.18%.

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.