Advisors Capital Management LLC Grows Holdings in EPR Properties $EPR

Advisors Capital Management LLC boosted its position in shares of EPR Properties (NYSE:EPR) by 3.3% during the third quarter, Holdings Channel.com reports. The fund owned 483,538 shares of the real estate investment trust’s stock after acquiring an additional 15,230 shares during the quarter. Advisors Capital Management LLC’s holdings in EPR Properties were worth $28,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in EPR. State of Michigan Retirement System increased its stake in shares of EPR Properties by 1.1% in the second quarter. State of Michigan Retirement System now owns 18,289 shares of the real estate investment trust’s stock worth $1,066,000 after purchasing an additional 200 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of EPR Properties by 99.6% during the 3rd quarter. True Wealth Design LLC now owns 461 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 230 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in EPR Properties by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 83,395 shares of the real estate investment trust’s stock worth $4,838,000 after buying an additional 241 shares during the period. Samalin Investment Counsel LLC increased its stake in EPR Properties by 2.1% in the 2nd quarter. Samalin Investment Counsel LLC now owns 12,620 shares of the real estate investment trust’s stock worth $735,000 after buying an additional 263 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in EPR Properties by 39.8% during the third quarter. UMB Bank n.a. now owns 1,039 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 296 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.

EPR Properties Price Performance

Shares of EPR Properties stock opened at $58.52 on Wednesday. The firm has a market cap of $4.46 billion, a PE ratio of 25.55, a PEG ratio of 3.46 and a beta of 0.99. The stock has a 50 day moving average of $53.07 and a 200 day moving average of $53.48. 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 12 month low of $41.75 and a 12 month high of $61.24.

EPR Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. EPR Properties’s dividend payout ratio (DPR) is 154.59%.

Analysts Set New Price Targets

Several equities analysts have recently commented on EPR shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $58.00 price objective on shares of EPR Properties in a research report on Friday, January 30th. Truist Financial boosted their price target on EPR Properties from $55.00 to $57.00 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Wells Fargo & Company dropped their price target on EPR Properties from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. JPMorgan Chase & Co. reduced their price objective on shares of EPR Properties from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of EPR Properties in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, EPR Properties presently has an average rating of “Moderate Buy” and an average price target of $58.36.

Insiders Place Their Bets

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $53.89, for a total transaction of $404,175.00. Following the completion of the transaction, the executive vice president owned 66,294 shares in the company, valued at $3,572,583.66. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.31% of the company’s stock.

EPR Properties Company 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.