WealthPLAN Partners LLC Trims Stake in EPR Properties (EPR)
WealthPLAN Partners LLC trimmed its stake in shares of EPR Properties (NYSE:EPR) by 15.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,438 shares of the real estate investment trust’s stock after selling 789 shares during the period. WealthPLAN Partners LLC’s holdings in EPR Properties were worth $287,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in EPR. Advisors Asset Management Inc. raised its stake in shares of EPR Properties by 316.4% during the second quarter. Advisors Asset Management Inc. now owns 68,172 shares of the real estate investment trust’s stock worth $483,000 after buying an additional 51,802 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of EPR Properties by 9.2% during the second quarter. California Public Employees Retirement System now owns 214,906 shares of the real estate investment trust’s stock worth $13,924,000 after buying an additional 18,091 shares during the last quarter. Lake Street Advisors Group LLC bought a new stake in shares of EPR Properties during the second quarter worth approximately $900,000. Qube Research & Technologies Ltd bought a new stake in shares of EPR Properties during the second quarter worth approximately $143,000. Finally, Millennium Management LLC raised its stake in shares of EPR Properties by 378.9% during the second quarter. Millennium Management LLC now owns 232,302 shares of the real estate investment trust’s stock worth $15,051,000 after buying an additional 183,794 shares during the last quarter. Institutional investors own 89.63% of the company’s stock.
In other EPR Properties news, SVP Michael L. Hirons sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $69.97, for a total value of $489,790.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.36% of the stock is currently owned by corporate insiders.
EPR Properties (NYSE:EPR) last issued its earnings results on Monday, July 30th. The real estate investment trust reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by ($0.71). EPR Properties had a net margin of 38.00% and a return on equity of 8.63%. The firm had revenue of $202.90 million during the quarter, compared to the consensus estimate of $198.17 million. During the same period in the previous year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. sell-side analysts forecast that EPR Properties will post 6.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 27th. EPR Properties’s payout ratio is presently 86.06%.
A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price target on shares of EPR Properties from $65.50 to $67.50 and gave the stock a “neutral” rating in a research note on Monday, September 10th. Stifel Nicolaus boosted their price target on shares of EPR Properties from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday. ValuEngine raised shares of EPR Properties from a “sell” rating to a “hold” rating 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 for the company in a research note on Monday, August 6th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $71.00 price target on shares of EPR Properties in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $71.06.
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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