Byrne Asset Management LLC grew its stake in shares of EPR Properties (NYSE:EPR – Get Rating) by 64.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,551 shares of the real estate investment trust’s stock after purchasing an additional 2,965 shares during the quarter. Byrne Asset Management LLC’s holdings in EPR Properties were worth $285,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in EPR. Raymond James Financial Services Advisors Inc. increased its position in EPR Properties by 4.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,251 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 356 shares during the period. US Bancorp DE lifted its position in EPR Properties by 6.2% in the 1st quarter. US Bancorp DE now owns 6,103 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 356 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in EPR Properties by 16.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,577 shares of the real estate investment trust’s stock valued at $579,000 after purchasing an additional 1,523 shares during the last quarter. Bank of Montreal Can boosted its stake in EPR Properties by 987.9% during the 1st quarter. Bank of Montreal Can now owns 98,989 shares of the real estate investment trust’s stock valued at $5,547,000 after purchasing an additional 89,890 shares during the period. Finally, MetLife Investment Management LLC grew its position in EPR Properties by 33.4% in the 1st quarter. MetLife Investment Management LLC now owns 48,362 shares of the real estate investment trust’s stock worth $2,646,000 after purchasing an additional 12,111 shares during the last quarter. 77.57% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on EPR shares. JMP Securities assumed coverage on EPR Properties in a report on Wednesday, March 22nd. They set a “market perform” rating on the stock. Truist Financial lowered their price target on EPR Properties from $57.00 to $45.00 in a report on Friday, December 16th. Raymond James cut their price objective on shares of EPR Properties from $48.00 to $45.00 and set a “strong-buy” rating on the stock in a research note on Monday, January 9th. JPMorgan Chase & Co. upgraded shares of EPR Properties from an “underweight” rating to a “neutral” rating and set a $52.00 target price for the company in a research report on Friday, December 16th. Finally, StockNews.com began coverage on shares of EPR Properties in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Four equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.
EPR Properties Price Performance
EPR Properties stock traded up $0.22 during midday trading on Monday, hitting $38.47. The company’s stock had a trading volume of 73,674 shares, compared to its average volume of 533,471. EPR Properties has a 12 month low of $33.92 and a 12 month high of $56.38. The company has a quick ratio of 7.76, a current ratio of 7.76 and a debt-to-equity ratio of 1.11. The stock’s 50-day moving average price is $39.88 and its 200-day moving average price is $39.24. The company has a market capitalization of $2.90 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 0.92 and a beta of 1.66.
EPR Properties Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $3.30 annualized dividend and a yield of 8.58%. EPR Properties’s payout ratio is presently 163.37%.
EPR Properties Company 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.
Further Reading
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