Peter C. Brown Acquires 1,907 Shares of EPR Properties (EPR) Stock
EPR Properties (NYSE:EPR) Director Peter C. Brown bought 1,907 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was acquired at an average cost of $67.64 per share, with a total value of $128,989.48. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $541,120. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
EPR Properties (NYSE:EPR) traded up 0.62% during mid-day trading on Friday, hitting $68.06. 332,406 shares of the stock were exchanged. The company has a market capitalization of $4.33 billion, a PE ratio of 22.16 and a beta of 0.71. EPR Properties has a 52 week low of $53.00 and a 52 week high of $84.67. The stock’s 50-day moving average is $72.84 and its 200 day moving average is $75.86.
EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. The business earned $125.60 million during the quarter, compared to analyst estimates of $120.35 million. EPR Properties had a net margin of 46.29% and a return on equity of 10.16%. EPR Properties’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. On average, analysts anticipate that EPR Properties will post $4.78 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.32 per share. This represents a $3.84 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Monday, November 28th. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. EPR Properties’s payout ratio is 122.68%.
A number of hedge funds have recently made changes to their positions in EPR. Vanguard Group Inc. raised its stake in shares of EPR Properties by 4.6% in the second quarter. Vanguard Group Inc. now owns 9,894,742 shares of the company’s stock worth $798,307,000 after buying an additional 433,889 shares during the period. Shinko Asset Management Co. Ltd. raised its stake in shares of EPR Properties by 3.8% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,976,672 shares of the company’s stock worth $240,158,000 after buying an additional 108,805 shares during the period. Principal Financial Group Inc. raised its stake in shares of EPR Properties by 7.2% in the third quarter. Principal Financial Group Inc. now owns 2,878,025 shares of the company’s stock worth $226,615,000 after buying an additional 193,130 shares during the period. BlackRock Fund Advisors raised its stake in shares of EPR Properties by 4.5% in the third quarter. BlackRock Fund Advisors now owns 2,694,101 shares of the company’s stock worth $212,134,000 after buying an additional 116,582 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of EPR Properties by 2.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,482,860 shares of the company’s stock worth $200,317,000 after buying an additional 63,910 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.
A number of analysts have commented on the stock. Janney Montgomery Scott assumed coverage on shares of EPR Properties in a research note on Thursday, July 21st. They issued a “neutral” rating for the company. Royal Bank Of Canada increased their price target on shares of EPR Properties from $70.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. RBC Capital Markets reiterated an “outperform” rating and issued a $88.00 price target (up previously from $70.00) on shares of EPR Properties in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of EPR Properties from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Monday, August 8th. Finally, Citigroup Inc. increased their price target on shares of EPR Properties from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, August 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. EPR Properties presently has a consensus rating of “Buy” and a consensus price target of $83.83.
EPR Properties Company Profile
EPR Properties (EPR) is a self-administered real estate investment trust (REIT). The Company’s investment portfolio includes entertainment, education and recreation properties. The Company operates in four segments: Entertainment, Education, Recreation and Other. The Company’s Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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