EverSource Wealth Advisors LLC Purchases Shares of 871 EPR Properties (NYSE:EPR)

Posted by Defense World Staff on May 20th, 2023

EverSource Wealth Advisors LLC purchased a new stake in EPR Properties (NYSE:EPR – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 871 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of EPR Properties by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 11,272,904 shares of the real estate investment trust’s stock worth $404,247,000 after purchasing an additional 52,586 shares during the last quarter. State Street Corp lifted its position in shares of EPR Properties by 14.6% during the 1st quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock worth $226,203,000 after purchasing an additional 523,061 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of EPR Properties by 24.5% during the 1st quarter. Prudential Financial Inc. now owns 1,708,349 shares of the real estate investment trust’s stock worth $93,463,000 after purchasing an additional 336,729 shares during the last quarter. PGGM Investments purchased a new stake in shares of EPR Properties during the 3rd quarter worth $48,027,000. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 valued at $56,058,000 after acquiring an additional 51,195 shares during the last quarter. Hedge funds and other institutional investors own 77.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPR. StockNews.com initiated coverage on shares of EPR Properties in a research note on Thursday. They set a “hold” rating on the stock. JMP Securities initiated coverage on shares of EPR Properties in a report on Wednesday, March 22nd. They issued a “market perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.33.

EPR Properties Stock Up 0.3 %

EPR stock opened at $41.97 on Friday. The company has a quick ratio of 8.01, a current ratio of 8.01 and a debt-to-equity ratio of 1.11. EPR Properties has a fifty-two week low of $33.92 and a fifty-two week high of $55.90. The firm’s 50-day simple moving average is $39.44 and its 200 day simple moving average is $40.00. The stock has a market cap of $3.16 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66.

EPR Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.30 annualized dividend and a yield of 7.86%. EPR Properties’s payout ratio is 147.98%.

About EPR Properties

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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.