Ontario Teachers Pension Plan Board lifted its position in EPR Properties (NYSE:EPR – Get Rating) by 50.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,457 shares of the real estate investment trust’s stock after acquiring an additional 35,871 shares during the period. Ontario Teachers Pension Plan Board owned 0.14% of EPR Properties worth $3,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Several other hedge funds have also recently made changes to their positions in EPR. PGGM Investments acquired a new position in shares of EPR Properties in the 3rd quarter valued at $48,027,000. State Street Corp increased its position in shares of EPR Properties by 14.6% in the 1st quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock valued at $226,203,000 after acquiring an additional 523,061 shares during the period. LSV Asset Management increased its position in shares of EPR Properties by 360.4% in the 3rd quarter. LSV Asset Management now owns 524,300 shares of the real estate investment trust’s stock valued at $18,801,000 after acquiring an additional 410,432 shares during the period. Prudential Financial Inc. increased its position in shares of EPR Properties by 22.1% in the 2nd quarter. Prudential Financial Inc. now owns 2,085,313 shares of the real estate investment trust’s stock valued at $97,865,000 after acquiring an additional 376,964 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of EPR Properties by 235.1% in the 2nd quarter. Renaissance Technologies LLC now owns 368,200 shares of the real estate investment trust’s stock valued at $17,280,000 after acquiring an additional 258,322 shares during the period. 77.57% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have commented on EPR. JPMorgan Chase & Co. raised shares of EPR Properties from an “underweight” rating to a “neutral” rating and set a $52.00 price target on the stock in a report on Friday, December 16th. Truist Financial lowered their price target on shares of EPR Properties from $57.00 to $45.00 in a report on Friday, December 16th. StockNews.com lowered shares of EPR Properties from a “buy” rating to a “hold” rating in a report on Friday, January 13th. Finally, Raymond James lowered their price target on shares of EPR Properties from $48.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Monday, January 9th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EPR Properties has a consensus rating of “Hold” and a consensus target price of $51.21.
EPR Properties Trading Down 1.2 %
Shares of EPR Properties stock opened at $42.58 on Wednesday. The firm has a market capitalization of $3.19 billion, a PE ratio of 20.77, a P/E/G ratio of 1.01 and a beta of 1.67. EPR Properties has a twelve month low of $34.58 and a twelve month high of $56.38. The firm’s 50-day moving average price is $40.19 and its 200 day moving average price is $41.49. The company has a current ratio of 7.42, a quick ratio of 7.42 and a debt-to-equity ratio of 1.10.
EPR Properties Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be paid a $0.275 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Monday, January 30th. EPR Properties’s dividend payout ratio is presently 160.98%.
EPR Properties Profile
EPR Properties operates as a real estate investment trust. The firm engages in the development, finance and leasing of theaters, entertainment retail and family entertainment centers. It operates through the following segments: Experiential, Education, and Corporate/Unallocated. The Experiential segment includes investments in megaplex theaters, entertainment retail centers, family entertainment centers and other retail parcels.
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