First Trust Advisors LP increased its stake in EPR Properties (NYSE:EPR) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,370 shares of the real estate investment trust’s stock after buying an additional 2,193 shares during the period. First Trust Advisors LP owned about 0.19% of EPR Properties worth $10,232,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 in the last quarter. BlackRock Inc. increased its stake in 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 in the last quarter. Principal Financial Group Inc. increased its stake in EPR Properties by 12.6% in the first quarter. Principal Financial Group Inc. now owns 3,131,467 shares of the real estate investment trust’s stock valued at $230,510,000 after buying an additional 349,384 shares in the last quarter. State Street Corp increased its stake in 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 in the last quarter. Finally, Edge Asset Management Inc. increased its stake in 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 in the last quarter. 81.23% of the stock is currently owned by institutional investors.
Shares of EPR Properties (NYSE EPR) opened at 68.15 on Friday. The stock has a 50 day moving average of $70.28 and a 200 day moving average of $72.52. EPR Properties has a 12-month low of $65.50 and a 12-month high of $81.00. The stock has a market capitalization of $5.02 billion, a P/E ratio of 19.96 and a beta of 0.57.
EPR Properties (NYSE:EPR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.05. EPR Properties had a return on equity of 10.51% and a net margin of 46.90%. The firm had revenue of $147.80 million for the quarter, compared to analyst estimates of $138.07 million. During the same period last year, the company earned $1.17 earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities research analysts anticipate that EPR Properties will post $3.38 EPS for the current fiscal year.
The business also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.34 dividend. This represents a yield of 6.06%. The ex-dividend date of this dividend is Tuesday, August 29th. EPR Properties’s dividend payout ratio is presently 120.00%.
Several analysts have weighed in on EPR shares. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of EPR Properties in a research report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub raised shares of EPR Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, KeyCorp reissued a “buy” rating and set a $80.00 target price on shares of EPR Properties in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average 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 stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $71.49, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.
EPR Properties Company 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.
Want to see what other hedge funds are holding EPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPR Properties (NYSE:EPR).
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.
