Nuveen Asset Management LLC Increases Holdings in EPR Properties (NYSE:EPR)

Posted by Defense World Staff on Mar 2nd, 2023

Nuveen Asset Management LLC lifted its position in EPR Properties (NYSE:EPR – Get Rating) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 718,924 shares of the real estate investment trust’s stock after purchasing an additional 40,719 shares during the quarter. Nuveen Asset Management LLC owned about 0.96% of EPR Properties worth $25,781,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of EPR Properties by 1.1% in the first quarter. Vanguard Group Inc. now owns 11,230,223 shares of the real estate investment trust’s stock worth $614,406,000 after purchasing an additional 126,217 shares during the last quarter. State Street Corp boosted its stake in shares of EPR Properties by 14.6% in the first quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock worth $226,203,000 after acquiring an additional 523,061 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of EPR Properties by 22.1% in the second quarter. Prudential Financial Inc. now owns 2,085,313 shares of the real estate investment trust’s stock worth $97,865,000 after acquiring an additional 376,964 shares during the last quarter. PGGM Investments acquired a new stake in shares of EPR Properties in the third quarter worth approximately $48,027,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of EPR Properties by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,024,623 shares of the real estate investment trust’s stock worth $56,058,000 after acquiring an additional 51,195 shares during the last quarter. 77.57% of the stock is currently owned by hedge funds and other institutional investors.

EPR Properties Price Performance

EPR stock opened at $40.64 on Thursday. The company has a current ratio of 7.76, a quick ratio of 7.76 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $3.06 billion, a PE ratio of 20.12, a P/E/G ratio of 0.98 and a beta of 1.67. EPR Properties has a 12-month low of $34.58 and a 12-month high of $56.38. The business’s fifty day moving average price is $40.49 and its 200 day moving average price is $40.67.

EPR Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $3.30 annualized dividend and a dividend yield of 8.12%. EPR Properties’s dividend payout ratio is presently 163.37%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a research note on Friday, January 13th. JPMorgan Chase & Co. upgraded EPR Properties from an “underweight” rating to a “neutral” rating and set a $52.00 target price on the stock in a research report on Friday, December 16th. Truist Financial reduced their target price on EPR Properties from $57.00 to $45.00 in a research report on Friday, December 16th. Finally, Raymond James reduced their target price on EPR Properties from $48.00 to $45.00 and set a “strong-buy” rating on the stock in a research report on Monday, January 9th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

EPR Properties Company Profile

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EPR Properties operates as a real estate investment trust. The firm engages in the development, finance and leasing of theaters, entertainment retail and family entertainment centers. It operates through the following segments: Experiential, Education, and Corporate/Unallocated. The Experiential segment includes investments in megaplex theaters, entertainment retail centers, family entertainment centers and other retail parcels.

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Institutional Ownership by Quarter for EPR Properties (NYSE:EPR)

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