EPR Properties (EPR) Stake Decreased by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. cut its stake in shares of EPR Properties (NYSE:EPR) by 28.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,151 shares of the real estate investment trust’s stock after selling 1,652 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in EPR Properties were worth $269,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EPR. McKinley Carter Wealth Services Inc. acquired a new position in shares of EPR Properties during the 1st quarter worth $120,000. Signaturefd LLC acquired a new position in shares of EPR Properties during the 1st quarter worth $122,000. Centaurus Financial Inc. acquired a new position in shares of EPR Properties during the 1st quarter worth $139,000. Sun Life Financial INC acquired a new position in shares of EPR Properties during the 2nd quarter worth $204,000. Finally, World Asset Management Inc acquired a new position in shares of EPR Properties during the 2nd quarter worth $215,000. 89.64% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Michael L. Hirons sold 7,000 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $69.97, for a total value of $489,790.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.36% of the stock is owned by insiders.
EPR Properties (NYSE:EPR) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $1.15 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.71). EPR Properties had a return on equity of 8.63% and a net margin of 38.00%. The business had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $198.17 million. During the same quarter in the prior year, the firm earned $1.29 earnings per share. EPR Properties’s quarterly revenue was up 37.3% on a year-over-year basis. analysts forecast that EPR Properties will post 6.02 EPS for the current fiscal year.
The firm also recently disclosed a aug 18 dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be given a $0.36 dividend. The ex-dividend date is Thursday, August 30th. This represents a dividend yield of 6.18%. EPR Properties’s dividend payout ratio is presently 86.06%.
A number of equities analysts have recently weighed in on EPR shares. TheStreet raised shares of EPR Properties from a “c” rating to a “b” rating in a research note on Wednesday, August 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $71.00 price target on shares of EPR Properties in a research note on Wednesday, August 15th. Zacks Investment Research raised shares of EPR Properties from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Monday, August 6th. ValuEngine raised shares of EPR Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus upped their price target on shares of EPR Properties from $63.00 to $66.00 and gave the stock a “hold” rating in a research note on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. EPR Properties presently has a consensus rating of “Hold” and a consensus target price of $70.83.
EPR Properties Company Profile
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
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