EPR Properties (EPR) Shares Sold by M&T Bank Corp
M&T Bank Corp decreased its stake in shares of EPR Properties (NYSE:EPR) by 39.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,390 shares of the real estate investment trust’s stock after selling 2,856 shares during the period. M&T Bank Corp’s holdings in EPR Properties were worth $316,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in EPR Properties by 4.4% during the second quarter. Vanguard Group Inc. now owns 10,791,750 shares of the real estate investment trust’s stock valued at $775,604,000 after purchasing an additional 454,716 shares during the period. BlackRock Inc. increased its holdings in 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 valued at $524,555,000 after buying an additional 78,416 shares during the last quarter. Principal Financial Group Inc. increased its holdings in 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 valued at $276,684,000 after buying an additional 718,310 shares during the last quarter. State Street Corp increased its holdings in 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 valued at $155,607,000 after buying an additional 63,987 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. increased its holdings in 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 valued at $74,769,000 after buying an additional 709,368 shares during the last quarter. Institutional investors own 85.09% of the company’s stock.
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Shares of EPR Properties (NYSE:EPR) opened at 70.53 on Thursday. The stock has a market capitalization of $5.20 billion, a PE ratio of 20.65 and a beta of 0.59. EPR Properties has a 52 week low of $65.50 and a 52 week high of $77.70. The stock has a 50 day moving average of $70.27 and a 200-day moving average of $71.62.
EPR Properties (NYSE:EPR) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $147.80 million during the quarter, compared to analyst estimates of $138.07 million. EPR Properties had a net margin of 46.90% and a return on equity of 10.51%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. On average, equities research analysts expect that EPR Properties will post $3.44 EPS for the current year.
The business also recently declared a sep 17 dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.34 dividend. This represents a yield of 5.73%. The ex-dividend date of this dividend is Thursday, September 28th. EPR Properties’s payout ratio is presently 120.00%.
A number of brokerages have commented on EPR. Zacks Investment Research cut shares of EPR Properties from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub raised shares of EPR Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. KeyCorp reaffirmed a “buy” rating and set a $80.00 target price on shares of EPR Properties in a report on Tuesday, September 26th. Finally, Ladenburg Thalmann Financial Services raised shares of EPR Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a report on Monday, September 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.67.
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.
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