EPR Properties (EPR) Sets New 1-Year High at $84.67
Shares of EPR Properties (NYSE:EPR) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $84.67 and last traded at $84.12, with a volume of 228,588 shares. The stock had previously closed at $83.30.
A number of brokerages recently issued reports on EPR. Citigroup Inc. increased their price objective on EPR Properties from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. KeyCorp raised EPR Properties from a “sector weight” rating to an “overweight” rating in a report on Thursday, July 14th. Finally, Janney Montgomery Scott began coverage on EPR Properties in a report on Thursday, July 21st. They issued a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $70.83.
The firm’s 50 day moving average is $78.85 and its 200-day moving average is $68.19. The firm has a market cap of $5.34 billion and a PE ratio of 27.53.
The company also recently disclosed a aug 16 dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be issued a $0.32 dividend. This represents a dividend yield of 4.71%. The ex-dividend date is Wednesday, July 27th.
In other EPR Properties news, CAO Tonya L. Mater sold 2,509 shares of the business’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $70.49, for a total transaction of $176,859.41. Following the completion of the sale, the chief accounting officer now owns 28,813 shares of the company’s stock, valued at $2,031,028.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas B. Wright III sold 582 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $66.76, for a total value of $38,854.32. Following the sale, the senior vice president now directly owns 22,665 shares of the company’s stock, valued at approximately $1,513,115.40. The disclosure for this sale can be found here.
Other hedge funds recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised its stake in EPR Properties by 5.0% in the fourth quarter. BlackRock Advisors LLC now owns 491,960 shares of the company’s stock valued at $28,755,000 after buying an additional 23,620 shares in the last quarter. State of Tennessee Treasury Department acquired a new position in shares of EPR Properties during the fourth quarter valued at approximately $2,636,000. Employees Retirement System of Texas increased its position in shares of EPR Properties by 213.3% in the fourth quarter. Employees Retirement System of Texas now owns 94,000 shares of the company’s stock valued at $5,494,000 after buying an additional 64,000 shares during the last quarter. Pear Tree Advisors Inc. acquired a new position in shares of EPR Properties during the fourth quarter valued at approximately $4,642,000. Finally, Systematic Financial Management LP increased its position in shares of EPR Properties by 1,799.8% in the fourth quarter. Systematic Financial Management LP now owns 834,814 shares of the company’s stock valued at $48,794,000 after buying an additional 790,871 shares during the last quarter.
EPR Properties (EPR) is a self-administered real estate investment trust (REIT). The Company’s investment portfolio includes entertainment, education and recreation properties. The Company operates in four segments: Entertainment, Education, Recreation and Other. The Company’s Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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