BlackRock Advisors LLC Sells 17,961 Shares of EPR Properties (EPR)
BlackRock Advisors LLC reduced its stake in EPR Properties (NYSE:EPR) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,124 shares of the company’s stock after selling 17,961 shares during the period. BlackRock Advisors LLC owned 0.76% of EPR Properties worth $38,898,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Analysts LLC raised its position in EPR Properties by 1.0% in the second quarter. Capital Analysts LLC now owns 1,287 shares of the company’s stock valued at $104,000 after buying an additional 13 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in EPR Properties during the second quarter valued at about $200,000. Timber Hill LLC purchased a new stake in EPR Properties during the second quarter valued at about $213,000. BlackRock Japan Co. Ltd increased its stake in EPR Properties by 6.1% in the first quarter. BlackRock Japan Co. Ltd now owns 3,612 shares of the company’s stock valued at $241,000 after buying an additional 209 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in EPR Properties during the second quarter valued at about $242,000. Institutional investors and hedge funds own 97.53% of the company’s stock.
Shares of EPR Properties (NYSE:EPR) opened at 76.77 on Tuesday. The company has a 50 day moving average price of $79.14 and a 200-day moving average price of $73.35. The firm has a market cap of $4.88 billion, a P/E ratio of 25.00 and a beta of 0.80. EPR Properties has a 52-week low of $50.85 and a 52-week high of $84.67.
EPR Properties (NYSE:EPR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.01. The company had revenue of $118 million for the quarter, compared to analysts’ expectations of $112.03 million. EPR Properties had a net margin of 46.43% and a return on equity of 10.05%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. On average, analysts expect that EPR Properties will post $4.77 earnings per share for the current fiscal year.
The business also recently disclosed a sep 16 dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.32 per share. EPR Properties’s dividend payout ratio (DPR) is presently 124.68%.
Several research firms have issued reports on EPR. Citigroup Inc. lifted their price target on EPR Properties from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, August 12th. Zacks Investment Research raised EPR Properties from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Monday, August 8th. RBC Capital Markets reissued an “outperform” rating and issued a $88.00 price target (up previously from $70.00) on shares of EPR Properties in a research note on Thursday, August 4th. Royal Bank Of Canada lifted their price target on EPR Properties from $70.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, Janney Montgomery Scott reissued a “buy” rating and issued a $88.00 price target on shares of EPR Properties in a research note on Sunday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $83.17.
EPR Properties Company Profile
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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