Creative Planning increased its stake in EPR Properties (NYSE:EPR – Free Report) by 38.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,597 shares of the real estate investment trust’s stock after purchasing an additional 3,529 shares during the quarter. Creative Planning’s holdings in EPR Properties were worth $590,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. bought a new position in EPR Properties in the 2nd quarter worth $208,000. Pensionfund Sabic increased its stake in EPR Properties by 11.1% in the 2nd quarter. Pensionfund Sabic now owns 12,000 shares of the real estate investment trust’s stock worth $562,000 after buying an additional 1,200 shares in the last quarter. Acadian Asset Management LLC increased its stake in EPR Properties by 752.9% in the 1st quarter. Acadian Asset Management LLC now owns 13,032 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 11,504 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in EPR Properties by 12.3% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,254 shares of the real estate investment trust’s stock worth $1,610,000 after buying an additional 4,612 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake 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 worth $1,837,000 after buying an additional 27,942 shares in the last quarter. 76.09% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on EPR Properties from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. 58.com reiterated a “maintains” rating on shares of EPR Properties in a research note on Friday, June 30th. Wells Fargo & Company assumed coverage on EPR Properties in a research note on Wednesday, September 20th. They issued an “underweight” rating and a $40.00 price target for the company. Truist Financial cut their price target on EPR Properties from $51.00 to $50.00 in a research note on Wednesday, August 30th. Finally, Citigroup raised their price objective on EPR Properties from $40.00 to $49.50 and gave the company a “neutral” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.81.
Insider Buying and Selling
In related news, CAO Tonya L. Mater sold 5,000 shares of EPR Properties stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $44.61, for a total value of $223,050.00. Following the completion of the transaction, the chief accounting officer now owns 42,723 shares in the company, valued at $1,905,873.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.89% of the stock is currently owned by company insiders.
EPR Properties Trading Down 1.1 %
Shares of EPR Properties stock opened at $42.45 on Thursday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 22.70 and a beta of 1.64. The business has a 50-day moving average price of $42.89 and a 200-day moving average price of $43.02. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.13. EPR Properties has a twelve month low of $33.92 and a twelve month high of $47.71.
EPR Properties Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $3.30 annualized dividend and a yield of 7.77%. EPR Properties’s dividend payout ratio is currently 176.47%.
About EPR Properties
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.
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