EPR Properties (EPR) Shares Bought by JPMorgan Chase & Co.
JPMorgan Chase & Co. grew its holdings in EPR Properties (NYSE:EPR) by 27.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 285,054 shares of the real estate investment trust’s stock after acquiring an additional 61,477 shares during the period. JPMorgan Chase & Co.’s holdings in EPR Properties were worth $19,500,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Independent Advisor Alliance bought a new position in shares of EPR Properties during the third quarter valued at approximately $218,000. Arizona State Retirement System grew its stake in shares of EPR Properties by 17.6% during the third quarter. Arizona State Retirement System now owns 52,791 shares of the real estate investment trust’s stock valued at $3,611,000 after buying an additional 7,900 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of EPR Properties by 6.7% during the third quarter. William Blair Investment Management LLC now owns 17,540 shares of the real estate investment trust’s stock valued at $1,200,000 after buying an additional 1,108 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of EPR Properties by 49.4% during the third quarter. Russell Investments Group Ltd. now owns 12,136 shares of the real estate investment trust’s stock valued at $831,000 after buying an additional 4,013 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of EPR Properties by 70.4% during the third quarter. Franklin Resources Inc. now owns 7,759 shares of the real estate investment trust’s stock valued at $531,000 after buying an additional 3,205 shares during the last quarter. Institutional investors own 87.01% of the company’s stock.
A number of research firms have recently commented on EPR. Royal Bank of Canada reaffirmed a “buy” rating and set a $73.00 target price on shares of EPR Properties in a research note on Monday, November 26th. Zacks Investment Research cut EPR Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. JPMorgan Chase & Co. raised EPR Properties from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Raymond James raised EPR Properties from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research note on Thursday, December 6th. Finally, Citigroup upped their target price on EPR Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. EPR Properties has a consensus rating of “Hold” and a consensus target price of $71.19.
The company also recently disclosed a feb 19 dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a yield of 6.41%. This is a boost from EPR Properties’s previous feb 19 dividend of $0.36. EPR Properties’s dividend payout ratio is 89.64%.
In other EPR Properties news, CFO Mark Alan Peterson sold 3,575 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $71.00, for a total transaction of $253,825.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Peter C. Brown sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $70.37, for a total value of $140,740.00. The disclosure for this sale can be found here. In the last three months, insiders sold 9,150 shares of company stock worth $652,037. 1.36% of the stock is owned by insiders.
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EPR Properties Profile
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
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