EPR Properties (NYSE:EPR) Position Cut by Retirement Systems of Alabama
Retirement Systems of Alabama lowered its position in shares of EPR Properties (NYSE:EPR) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 151,892 shares of the real estate investment trust’s stock after selling 170 shares during the period. Retirement Systems of Alabama’s holdings in EPR Properties were worth $10,916,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Penserra Capital Management LLC raised its position in shares of 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 during the last quarter. Private Advisor Group LLC acquired a new position in EPR Properties during the first quarter valued at $201,000. Financial Counselors Inc. acquired a new position in EPR Properties during the first quarter valued at $218,000. Paragon Capital Management Ltd acquired a new position in EPR Properties during the second quarter valued at $237,000. Finally, Park Avenue Securities LLC acquired a new position in EPR Properties during the first quarter valued at $242,000. 80.66% of the stock is owned by hedge funds and other institutional investors.
Shares of EPR Properties (EPR) opened at 67.75 on Friday. The company has a market cap of $4.99 billion, a PE ratio of 19.84 and a beta of 0.57. EPR Properties has a 12 month low of $65.50 and a 12 month high of $81.61. The firm’s 50-day moving average is $71.80 and its 200-day moving average is $72.95.
EPR Properties (NYSE:EPR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $138.07 million. EPR Properties had a net margin of 46.90% and a return on equity of 10.51%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS. On average, equities research analysts predict that EPR Properties will post $3.42 earnings per share for the current year.
The company also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.34 dividend. This represents a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, July 27th. EPR Properties’s payout ratio is 120.00%.
A number of analysts recently issued reports on the company. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of EPR Properties in a research report on Wednesday, May 3rd. Zacks Investment Research cut EPR Properties from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub upgraded EPR Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, ValuEngine cut EPR Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. EPR Properties currently has a consensus rating of “Hold” and an average target price of $79.80.
In other EPR Properties news, Director Peter C. Brown sold 7,907 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $71.49, for a total value of $565,271.43. Following the transaction, the director now owns 4,578 shares in the company, valued at $327,281.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.
EPR Properties Company Profile
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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