First Mercantile Trust Co. lowered its stake in EPR Properties (NYSE:EPR) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,620 shares of the company’s stock after selling 610 shares during the period. First Mercantile Trust Co.’s holdings in EPR Properties were worth $292,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Capital Analysts LLC raised its position in shares of EPR Properties by 1.0% in the second quarter. Capital Analysts LLC now owns 1,287 shares of the company’s stock valued at $104,000 after buying an additional 13 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of EPR Properties during the second quarter valued at about $200,000. Timber Hill LLC acquired a new position in shares of EPR Properties during the second quarter valued at about $213,000. First Hawaiian Bank acquired a new position in shares of EPR Properties during the second quarter valued at about $242,000. Finally, Cadence Capital Management LLC acquired a new position in shares of EPR Properties during the second quarter valued at about $247,000. Institutional investors own 97.20% of the company’s stock.
EPR Properties (NYSE:EPR) opened at 78.74 on Monday. The firm’s 50-day moving average price is $78.49 and its 200-day moving average price is $74.26. The firm has a market cap of $5.01 billion, a P/E ratio of 25.64 and a beta of 0.78. EPR Properties has a 52-week low of $51.64 and a 52-week high of $84.67.
EPR Properties (NYSE:EPR) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.01. EPR Properties had a return on equity of 10.05% and a net margin of 46.43%. The company earned $118 million during the quarter, compared to the consensus estimate of $112.03 million. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. Equities research analysts expect that EPR Properties will post $4.77 EPS for the current year.
The business also recently disclosed a sep 16 dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a dividend yield of 5.02%. EPR Properties’s dividend payout ratio (DPR) is 124.68%.
Several brokerages recently issued reports on EPR. Citigroup Inc. boosted their price objective on EPR Properties from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, August 12th. Zacks Investment Research upgraded EPR Properties from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Monday, August 8th. RBC Capital Markets reiterated an “outperform” rating and issued a $88.00 price objective (up from $70.00) on shares of EPR Properties in a research report on Thursday, August 4th. Royal Bank Of Canada boosted their price objective on EPR Properties from $70.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Finally, Janney Montgomery Scott reiterated a “buy” rating and issued a $88.00 price objective on shares of EPR Properties in a research report on Sunday, July 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. EPR Properties presently has an average rating of “Buy” and an average target price of $83.17.
EPR Properties Company Profile
EPR Properties (EPR) is a self-administered real estate investment trust (REIT). The Company’s investment portfolio includes entertainment, education and recreation properties. The Company operates in four segments: Entertainment, Education, Recreation and Other. The Company’s Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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