EPR Properties $EPR Position Reduced by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in EPR Properties (NYSE:EPR) by 33.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 100,836 shares of the real estate investment trust’s stock after selling 50,217 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of EPR Properties worth $5,849,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. QRG Capital Management Inc. grew its position in shares of EPR Properties by 15.0% in the 2nd quarter. QRG Capital Management Inc. now owns 93,541 shares of the real estate investment trust’s stock worth $5,450,000 after acquiring an additional 12,173 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in EPR Properties in the second quarter worth $1,304,000. Allianz Asset Management GmbH boosted its holdings in EPR Properties by 22.5% in the second quarter. Allianz Asset Management GmbH now owns 402,075 shares of the real estate investment trust’s stock worth $23,425,000 after purchasing an additional 73,929 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in EPR Properties during the third quarter valued at $11,666,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of EPR Properties by 35.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 203,532 shares of the real estate investment trust’s stock worth $11,807,000 after purchasing an additional 53,200 shares during the period. Institutional investors own 74.66% of the company’s stock.

Insider Activity at EPR Properties

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of EPR Properties stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $52.25, for a total transaction of $391,875.00. Following the sale, the executive vice president directly owned 64,251 shares in the company, valued at $3,357,114.75. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.31% of the company’s stock.

Wall Street Analyst Weigh In

EPR has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EPR Properties in a report on Monday, December 29th. JPMorgan Chase & Co. cut their target price on shares of EPR Properties from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. Wall Street Zen lowered EPR Properties from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company dropped their price target on EPR Properties from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Finally, Truist Financial boosted their price objective on EPR Properties from $55.00 to $57.00 and gave the company a “hold” rating in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

EPR Properties Price Performance

Shares of NYSE:EPR opened at $53.73 on Friday. The firm’s 50 day moving average is $51.86 and its two-hundred day moving average is $53.67. The firm has a market capitalization of $4.09 billion, a P/E ratio of 23.46, a PEG ratio of 3.06 and a beta of 0.94. The company has a current ratio of 7.21, a quick ratio of 7.21 and a debt-to-equity ratio of 1.19. EPR Properties has a 52 week low of $41.75 and a 52 week high of $61.24.

EPR Properties (NYSE:EPR) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.07. EPR Properties had a return on equity of 8.58% and a net margin of 28.01%.The business had revenue of $182.31 million during the quarter, compared to the consensus estimate of $181.78 million. During the same period in the previous year, the firm posted $1.30 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Analysts anticipate that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 6.6%. EPR Properties’s dividend payout ratio is presently 154.59%.

EPR Properties Profile

EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.

The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.