EPR Properties (NYSE:EPR) Shares Sold by Renaissance Technologies LLC
Renaissance Technologies LLC cut its position in shares of EPR Properties (NYSE:EPR) by 58.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,300 shares of the real estate investment trust’s stock after selling 78,000 shares during the period. Renaissance Technologies LLC’s holdings in EPR Properties were worth $4,145,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Penserra Capital Management LLC increased its stake in EPR Properties by 95.2% in the first quarter. Penserra Capital Management LLC now owns 1,472 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 718 shares in the last quarter. Private Advisor Group LLC acquired a new stake in EPR Properties during the first quarter worth approximately $201,000. Financial Counselors Inc. acquired a new stake in EPR Properties during the first quarter worth approximately $218,000. Park Avenue Securities LLC acquired a new stake in EPR Properties during the first quarter worth approximately $242,000. Finally, IFP Advisors Inc increased its stake in EPR Properties by 5.0% in the first quarter. IFP Advisors Inc now owns 3,318 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 157 shares in the last quarter. Institutional investors own 80.66% of the company’s stock.
EPR Properties (NYSE EPR) traded down 0.13% during midday trading on Monday, reaching $69.63. The company’s stock had a trading volume of 74,328 shares. The company has a 50 day moving average price of $72.88 and a 200 day moving average price of $73.19. EPR Properties has a 1-year low of $65.50 and a 1-year high of $82.78. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 22.11 and a beta of 0.57.
EPR Properties (NYSE:EPR) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. EPR Properties had a return on equity of 10.51% and a net margin of 46.90%. The business had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $138.07 million. During the same quarter last year, the firm earned $1.17 earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. On average, equities research analysts expect that EPR Properties will post $3.36 EPS for the current year.
The firm also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.34 per share. This represents a dividend yield of 5.56%. The ex-dividend date is Thursday, July 27th. EPR Properties’s dividend payout ratio (DPR) is 120.00%.
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A number of equities research analysts have commented on EPR shares. Zacks Investment Research upgraded EPR Properties from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Wednesday, August 2nd. ValuEngine downgraded EPR Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of EPR Properties in a research report on Thursday, May 18th. Finally, BidaskClub upgraded EPR Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $79.80.
In other news, Director Robert J. Druten sold 9,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $70.30, for a total transaction of $632,700.00. Following the sale, the director now owns 22,304 shares in the company, valued at $1,567,971.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter C. Brown sold 7,907 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $71.49, for a total value of $565,271.43. Following the sale, the director now owns 4,578 shares in the company, valued at approximately $327,281.22. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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