Arizona State Retirement System Has $2,079,000 Stake in EPR Properties (EPR)
Arizona State Retirement System held its position in EPR Properties (NYSE:EPR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,400 shares of the company’s stock at the end of the third quarter. Arizona State Retirement System’s holdings in EPR Properties were worth $2,079,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of EPR. Capital Analysts LLC boosted its position in EPR Properties by 1.0% in the second quarter. Capital Analysts LLC now owns 1,287 shares of the company’s stock worth $104,000 after buying an additional 13 shares in the last quarter. Ropes Wealth Advisors LLC boosted its stake in shares of EPR Properties by 0.3% in the second quarter. Ropes Wealth Advisors LLC now owns 6,122 shares of the company’s stock worth $494,000 after buying an additional 20 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of EPR Properties by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,980 shares of the company’s stock worth $886,000 after buying an additional 58 shares during the period. Wade G W & Inc. boosted its stake in shares of EPR Properties by 0.9% in the third quarter. Wade G W & Inc. now owns 6,624 shares of the company’s stock worth $522,000 after buying an additional 59 shares during the period. Finally, 1st Global Advisors Inc. boosted its stake in shares of EPR Properties by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 6,501 shares of the company’s stock worth $524,000 after buying an additional 72 shares during the period. Institutional investors own 94.37% of the company’s stock.
EPR Properties (NYSE:EPR) traded up 0.58% during midday trading on Monday, reaching $69.40. 328,471 shares of the company traded hands. The firm has a market capitalization of $4.42 billion, a PE ratio of 22.25 and a beta of 0.71. The company’s 50-day moving average price is $71.47 and its 200 day moving average price is $75.95. EPR Properties has a 12 month low of $53.00 and a 12 month high of $84.67.
EPR Properties (NYSE:EPR) last issued its earnings results on Wednesday, November 2nd. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.21 by $0.02. The company had revenue of $125.60 million for 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%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. On average, equities analysts anticipate that EPR Properties will post $4.78 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.32 per share. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.84 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Monday, November 28th. EPR Properties’s payout ratio is presently 122.68%.
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EPR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of EPR Properties from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Monday, August 8th. FBR & Co initiated coverage on shares of EPR Properties in a research report on Wednesday, October 12th. They issued a “market perform” rating and a $80.00 target price for the company. Citigroup Inc. increased their target price on shares of EPR Properties from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, August 12th. RBC Capital Markets reiterated an “outperform” rating and issued a $88.00 target price (up from $70.00) on shares of EPR Properties in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada increased their target price on shares of EPR Properties from $70.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $83.83.
In other EPR Properties news, Director Peter C. Brown sold 6,500 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $70.33, for a total transaction of $457,145.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter C. Brown bought 1,907 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were bought at an average price of $67.64 per share, for a total transaction of $128,989.48. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $541,120. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.
About EPR Properties
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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