Baker Avenue Asset Management LP Takes Position in EPR Properties (NYSE:EPR)

Baker Avenue Asset Management LP bought a new stake in EPR Properties (NYSE:EPR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,977 shares of the real estate investment trust’s stock, valued at approximately $209,000.

A number of other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC raised its position in EPR Properties by 88.9% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 850 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 400 shares during the last quarter. Allworth Financial LP raised its position in EPR Properties by 53.0% in the 1st quarter. Allworth Financial LP now owns 1,135 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 393 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in EPR Properties in the 4th quarter worth approximately $61,000. SSA Swiss Advisors AG bought a new position in EPR Properties in the 1st quarter worth approximately $87,000. Finally, Rossby Financial LCC bought a new position in EPR Properties in the 1st quarter worth approximately $85,000. Institutional investors own 74.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EPR. Wells Fargo & Company lifted their target price on shares of EPR Properties from $52.00 to $53.00 and gave the stock an “underweight” rating in a report on Monday, June 2nd. UBS Group lifted their target price on shares of EPR Properties from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $58.00 target price on shares of EPR Properties in a report on Monday, May 19th. Wall Street Zen raised shares of EPR Properties from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Stifel Nicolaus lifted their target price on shares of EPR Properties from $65.00 to $65.50 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EPR Properties has an average rating of “Moderate Buy” and an average price target of $57.36.

Insider Buying and Selling

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $54.94, for a total value of $412,050.00. Following the sale, the executive vice president directly owned 96,377 shares of the company’s stock, valued at approximately $5,294,952.38. The trade was a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.31% of the company’s stock.

EPR Properties Price Performance

Shares of EPR stock opened at $54.94 on Monday. EPR Properties has a 12-month low of $41.75 and a 12-month high of $61.24. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 4.19 and a beta of 1.33. The company has a quick ratio of 7.77, a current ratio of 7.77 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average of $57.51 and a 200-day moving average of $52.50.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.01). EPR Properties had a net margin of 25.28% and a return on equity of 7.66%. The firm had revenue of $150.35 million during the quarter, compared to analyst estimates of $176.50 million. During the same period last year, the firm earned $1.22 EPS. EPR Properties’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Announces Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.295 dividend. This represents a yield of 590.0%. The ex-dividend date of this dividend is Thursday, July 31st. EPR Properties’s payout ratio is currently 174.38%.

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.