4,139 Shares in EPR Properties (EPR) Acquired by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. purchased a new position in EPR Properties (NYSE:EPR) during the second quarter, Holdings Channel reports. The firm purchased 4,139 shares of the real estate investment trust’s stock, valued at approximately $297,000.
Other hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of EPR Properties by 40.0% in the second quarter. Sei Investments Co. now owns 21,394 shares of the real estate investment trust’s stock worth $1,537,000 after buying an additional 6,109 shares in the last quarter. Texas Permanent School Fund raised its stake in EPR Properties by 0.8% in the second quarter. Texas Permanent School Fund now owns 46,775 shares of the real estate investment trust’s stock valued at $3,362,000 after buying an additional 362 shares in the last quarter. World Asset Management Inc raised its stake in EPR Properties by 1.8% in the second quarter. World Asset Management Inc now owns 4,036 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 72 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in EPR Properties by 0.9% in the second quarter. Janney Montgomery Scott LLC now owns 9,416 shares of the real estate investment trust’s stock valued at $677,000 after buying an additional 82 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in EPR Properties during the second quarter valued at approximately $309,000. 80.66% of the stock is owned by institutional investors.
Shares of EPR Properties (NYSE:EPR) opened at 68.14 on Thursday. The company’s 50-day moving average is $71.98 and its 200 day moving average is $72.99. EPR Properties has a 1-year low of $65.50 and a 1-year high of $82.00. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 21.64 and a beta of 0.57.
EPR Properties (NYSE:EPR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. EPR Properties had a net margin of 46.90% and a return on equity of 10.51%. The company had revenue of $147.80 million during the quarter, compared to analysts’ expectations of $138.07 million. During the same quarter in the previous year, the company earned $1.17 EPS. EPR Properties’s revenue was up 25.3% on a year-over-year basis. On average, analysts expect that EPR Properties will post $3.39 EPS for the current fiscal year.
The company also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.34 per share. This represents a yield of 5.56%. The ex-dividend date is Thursday, July 27th. EPR Properties’s payout ratio is 120.00%.
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EPR has been the subject of several recent research reports. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of EPR Properties in a research note on Wednesday, May 3rd. ValuEngine lowered shares of EPR Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of EPR Properties from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. Finally, BidaskClub raised shares of EPR Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. EPR Properties has an average rating of “Hold” and an average price target of $79.80.
In related news, Director Peter C. Brown sold 7,907 shares of EPR Properties stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $71.49, for a total transaction of $565,271.43. Following the transaction, the director now owns 4,578 shares of the company’s stock, valued at approximately $327,281.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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