EPR Properties (EPR) Shares Bought by New York State Common Retirement Fund
New York State Common Retirement Fund grew its holdings in EPR Properties (NYSE:EPR) by 31.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,000 shares of the real estate investment trust’s stock after purchasing an additional 48,899 shares during the period. New York State Common Retirement Fund owned about 0.28% of EPR Properties worth $14,805,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted 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 worth $761,115,000 after purchasing an additional 272,916 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of EPR Properties by 1.1% during the second quarter. BlackRock Inc. now owns 7,298,677 shares of the real estate investment trust’s stock worth $524,555,000 after purchasing an additional 78,416 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of EPR Properties by 22.9% during the second quarter. Principal Financial Group Inc. now owns 3,849,777 shares of the real estate investment trust’s stock worth $276,684,000 after purchasing an additional 718,310 shares during the period. State Street Corp boosted its holdings in shares of EPR Properties by 3.1% during the first quarter. State Street Corp now owns 2,113,363 shares of the real estate investment trust’s stock worth $155,607,000 after purchasing an additional 63,987 shares during the period. Finally, Uniplan Investment Counsel Inc. boosted its holdings in shares of EPR Properties by 69.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,730,593 shares of the real estate investment trust’s stock worth $74,769,000 after purchasing an additional 709,368 shares during the period. Institutional investors own 85.09% of the company’s stock.
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EPR has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of EPR Properties from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services upgraded shares of EPR Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Monday, September 11th. BidaskClub upgraded shares of EPR Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, KeyCorp reissued a “buy” rating and set a $80.00 target price on shares of EPR Properties in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. EPR Properties currently has an average rating of “Hold” and an average price target of $78.67.
Shares of EPR Properties (EPR) opened at 70.15 on Wednesday. The stock has a market capitalization of $5.17 billion, a P/E ratio of 20.54 and a beta of 0.59. EPR Properties has a 1-year low of $65.50 and a 1-year high of $77.70. The stock’s 50 day moving average price is $69.86 and its 200-day moving average price is $71.72.
EPR Properties (NYSE:EPR) last issued its quarterly earnings data 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 company had revenue of $147.80 million during the quarter, compared to the consensus estimate of $138.07 million. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. Equities research analysts anticipate that EPR Properties will post $3.44 EPS for the current fiscal year.
The business also recently disclosed a sep 17 dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.34 dividend. The ex-dividend date is Thursday, September 28th. This represents a yield of 5.73%. EPR Properties’s dividend payout ratio is currently 120.00%.
EPR Properties Profile
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.
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