Van ECK Associates Corp Purchases 421 Shares of EPR Properties (NYSE:EPR)

Posted by Defense World Staff on Aug 8th, 2023

Van ECK Associates Corp grew its stake in shares of EPR Properties (NYSE:EPR – Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,144 shares of the real estate investment trust’s stock after buying an additional 421 shares during the period. Van ECK Associates Corp’s holdings in EPR Properties were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new position in shares of EPR Properties during the 4th quarter valued at about $542,000. Commonwealth Equity Services LLC lifted its holdings in shares of EPR Properties by 6.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 101,270 shares of the real estate investment trust’s stock valued at $3,819,000 after purchasing an additional 5,973 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of EPR Properties by 2.9% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,959 shares of the real estate investment trust’s stock valued at $564,000 after purchasing an additional 417 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in EPR Properties by 137.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 48,215 shares of the real estate investment trust’s stock valued at $1,837,000 after buying an additional 27,942 shares during the last quarter. Finally, Byrne Asset Management LLC lifted its stake in EPR Properties by 64.7% in the 4th quarter. Byrne Asset Management LLC now owns 7,551 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 2,965 shares in the last quarter. Institutional investors own 77.81% of the company’s stock.

EPR Properties Stock Up 1.2 %

EPR opened at $43.64 on Tuesday. EPR Properties has a 1-year low of $33.92 and a 1-year high of $55.90. The stock’s fifty day simple moving average is $44.97 and its 200 day simple moving average is $42.04. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.13. The stock has a market cap of $3.29 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66.

EPR Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a $0.275 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Friday, July 28th. EPR Properties’s dividend payout ratio is 176.47%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their target price on EPR Properties from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 30th. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. SpectralCast restated a “maintains” rating on shares of EPR Properties in a research note on Friday, June 30th. Citigroup upped their price objective on EPR Properties from $40.00 to $49.50 and gave the stock a “neutral” rating in a research note on Friday, June 30th. Finally, Raymond James cut EPR Properties from a “strong-buy” rating to an “outperform” rating and set a $50.00 price objective on the stock. in a research note on Friday, July 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, EPR Properties currently has a consensus rating of “Hold” and an average target price of $50.94.

View Our Latest Analysis on EPR Properties

EPR Properties Profile

(Free Report)

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.