Allianz Asset Management GmbH Grows Stock Holdings in EPR Properties $EPR

Allianz Asset Management GmbH raised its stake in shares of EPR Properties (NYSE:EPR) by 8.4% in the 3rd quarter, Holdings Channel reports. The fund owned 435,771 shares of the real estate investment trust’s stock after acquiring an additional 33,696 shares during the quarter. Allianz Asset Management GmbH’s holdings in EPR Properties were worth $25,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in EPR Properties in the 3rd quarter valued at $27,000. Jones Financial Companies Lllp boosted its holdings in shares of EPR Properties by 18.6% in the third quarter. Jones Financial Companies Lllp now owns 2,076 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 326 shares in the last quarter. Convergence Investment Partners LLC increased its stake in shares of EPR Properties by 77.8% during the third quarter. Convergence Investment Partners LLC now owns 38,165 shares of the real estate investment trust’s stock worth $2,214,000 after acquiring an additional 16,697 shares during the period. Ballast Asset Management LP increased its stake in shares of EPR Properties by 2.7% during the third quarter. Ballast Asset Management LP now owns 76,343 shares of the real estate investment trust’s stock worth $4,429,000 after acquiring an additional 1,975 shares during the period. Finally, Midwest Professional Planners LTD. lifted its position in EPR Properties by 1.8% in the third quarter. Midwest Professional Planners LTD. now owns 35,324 shares of the real estate investment trust’s stock valued at $2,049,000 after purchasing an additional 636 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPR. JPMorgan Chase & Co. cut their target price on EPR Properties from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, December 2nd. Truist Financial boosted their target price on shares of EPR Properties from $55.00 to $57.00 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of EPR Properties in a report on Monday, December 29th. Wall Street Zen lowered shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Wells Fargo & Company decreased their price target on EPR Properties from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

Insider Activity

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $53.89, for a total transaction of $404,175.00. Following the completion of the sale, the executive vice president owned 66,294 shares of the company’s stock, valued at approximately $3,572,583.66. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.31% of the company’s stock.

EPR Properties Stock Down 0.2%

Shares of EPR opened at $56.28 on Friday. EPR Properties has a fifty-two week low of $41.75 and a fifty-two week high of $61.24. The company’s fifty day moving average is $52.24 and its two-hundred day moving average is $53.49. The firm has a market cap of $4.29 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 3.34 and a beta of 0.99. The company has a quick ratio of 7.21, a current ratio of 7.21 and a debt-to-equity ratio of 1.19.

EPR Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be issued a $0.295 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, January 30th. EPR Properties’s dividend payout ratio (DPR) is 154.59%.

EPR Properties Profile

EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.

The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.