EPR Properties $EPR Stake Lessened by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of EPR Properties (NYSE:EPR) by 33.2% during the third quarter, Holdings Channel.com reports. The fund owned 100,836 shares of the real estate investment trust’s stock after selling 50,217 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in EPR Properties were worth $5,849,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EPR. State of Michigan Retirement System boosted its stake in EPR Properties by 1.1% during the 2nd quarter. State of Michigan Retirement System now owns 18,289 shares of the real estate investment trust’s stock valued at $1,066,000 after purchasing an additional 200 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of EPR Properties by 99.6% in the third quarter. True Wealth Design LLC now owns 461 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 230 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in EPR Properties by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 83,395 shares of the real estate investment trust’s stock valued at $4,838,000 after buying an additional 241 shares in the last quarter. Samalin Investment Counsel LLC grew its holdings in EPR Properties by 2.1% during the second quarter. Samalin Investment Counsel LLC now owns 12,620 shares of the real estate investment trust’s stock worth $735,000 after acquiring an additional 263 shares during the period. Finally, Merit Financial Group LLC grew its holdings in EPR Properties by 6.3% during the third quarter. Merit Financial Group LLC now owns 6,029 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 358 shares during the period. 74.66% of the stock is currently owned by institutional investors and hedge funds.

EPR Properties Trading Up 3.9%

NYSE:EPR opened at $53.73 on Friday. The stock has a market cap of $4.09 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 3.06 and a beta of 0.94. EPR Properties has a fifty-two week low of $41.75 and a fifty-two week high of $61.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.21 and a quick ratio of 7.21. The stock’s 50-day moving average is $51.86 and its two-hundred day moving average is $53.67.

EPR Properties (NYSE:EPR) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The business had revenue of $182.31 million during the quarter, compared to analyst estimates of $181.78 million. EPR Properties had a net margin of 28.01% and a return on equity of 8.58%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share. As a group, equities research analysts forecast that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be given a $0.295 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 6.6%. EPR Properties’s dividend payout ratio is presently 154.59%.

Insider Activity

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $52.25, for a total transaction of $391,875.00. Following the transaction, the executive vice president directly owned 64,251 shares in the company, valued at $3,357,114.75. The trade was a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.31% of the stock is owned by company insiders.

Analyst Ratings Changes

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

EPR Properties Company 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.