Principal Financial Group Inc. Has $276.68 Million Position in EPR Properties (EPR)
Principal Financial Group Inc. raised its stake in shares of EPR Properties (NYSE:EPR) by 22.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,849,777 shares of the real estate investment trust’s stock after buying an additional 718,310 shares during the period. Principal Financial Group Inc. owned about 5.23% of EPR Properties worth $276,684,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of EPR Properties by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,337,034 shares of the real estate investment trust’s stock valued at $761,115,000 after buying an additional 272,916 shares during the period. BlackRock Inc. increased its position in shares of EPR Properties by 3,652.5% in the first quarter. BlackRock Inc. now owns 7,220,261 shares of the real estate investment trust’s stock valued at $531,629,000 after buying an additional 7,027,848 shares during the period. State Street Corp increased its position in shares of EPR Properties by 3.1% in the first quarter. State Street Corp now owns 2,113,363 shares of the real estate investment trust’s stock valued at $155,607,000 after buying an additional 63,987 shares during the period. Wedge Capital Management L L P NC increased its position in shares of EPR Properties by 9.2% in the second quarter. Wedge Capital Management L L P NC now owns 1,525,442 shares of the real estate investment trust’s stock valued at $109,634,000 after buying an additional 129,109 shares during the period. Finally, Edge Asset Management Inc. increased its position in shares of EPR Properties by 5.7% in the first quarter. Edge Asset Management Inc. now owns 896,381 shares of the real estate investment trust’s stock valued at $66,001,000 after buying an additional 48,172 shares during the period. Institutional investors own 86.50% of the company’s stock.
Shares of EPR Properties (EPR) opened at 68.46 on Thursday. The stock’s 50 day moving average price is $70.23 and its 200-day moving average price is $72.49. The firm has a market capitalization of $5.04 billion, a P/E ratio of 20.05 and a beta of 0.57. EPR Properties has a 12-month low of $65.50 and a 12-month high of $81.00.
EPR Properties (NYSE:EPR) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.05. EPR Properties had a net margin of 46.90% and a return on equity of 10.51%. The firm had revenue of $147.80 million for the quarter, compared to analyst estimates of $138.07 million. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities analysts expect that EPR Properties will post $3.38 EPS for the current year.
The company also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.34 per share. This represents a yield of 6.06%. The ex-dividend date is Tuesday, August 29th. EPR Properties’s dividend payout ratio (DPR) is currently 120.00%.
EPR has been the subject of several analyst reports. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of EPR Properties in a report on Wednesday, May 3rd. BidaskClub upgraded EPR Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded EPR Properties from a “buy” rating to a “hold” rating in a report on Monday, August 7th. ValuEngine downgraded EPR Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, KeyCorp restated a “buy” rating and set a $80.00 price objective on shares of EPR Properties in a report on Friday, August 25th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.80.
In other EPR Properties news, Director Peter C. Brown sold 7,907 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $71.49, for a total transaction of $565,271.43. Following the sale, the director now directly owns 4,578 shares of the company’s stock, valued at $327,281.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
Receive News & Stock Ratings for EPR Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPR Properties and related stocks with our FREE daily email newsletter.