Key Points
- EPR Properties EVP Gregory Zimmerman sold 7,500 shares at $53.89 each (totaling $404,175), cutting his stake by 10.16% to 66,294 shares, according to an SEC filing.
- EPR declared a monthly dividend of $0.295 per share (ex-dividend Jan 30, payable Feb 17), implying a roughly 6.6% yield but a high payout ratio of about 154.6%.
- Analysts have an average rating of "Moderate Buy" with an average price target of $58.36 versus the recent share price near $53.58.
EPR Properties (NYSE:EPR - Get Free Report) EVP Gregory Zimmerman sold 7,500 shares of the firm's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $53.89, for a total value of $404,175.00. Following the completion of the sale, the executive vice president directly owned 66,294 shares of the company's stock, valued at approximately $3,572,583.66. This represents a 10.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
EPR Properties Stock Performance
EPR opened at $53.58 on Tuesday. The company has a market cap of $4.08 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 3.21 and a beta of 0.99. The company has a quick ratio of 7.21, a current ratio of 7.21 and a debt-to-equity ratio of 1.19. The firm's 50-day moving average price is $51.94 and its 200-day moving average price is $53.49. EPR Properties has a 52-week low of $41.75 and a 52-week high of $61.24.
EPR Properties Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.295 per share. 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%.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and set a $58.00 price objective on shares of EPR Properties in a research note on Friday. Wells Fargo & Company reduced their target price on EPR Properties from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 25th. Truist Financial boosted their price target on EPR Properties from $55.00 to $57.00 and gave the company a "hold" rating in a research note on Tuesday, November 18th. Wall Street Zen lowered EPR Properties from a "buy" rating to a "hold" rating in a report on Saturday, November 1st. Finally, JPMorgan Chase & Co. reduced their price objective on EPR Properties from $65.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EPR Properties currently has an average rating of "Moderate Buy" and an average price target of $58.36.
Check Out Our Latest Analysis on EPR Properties
Hedge Funds Weigh In On EPR Properties
A number of hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in EPR Properties in the second quarter valued at approximately $55,093,000. Northern Trust Corp lifted its position in shares of EPR Properties by 84.8% during the 3rd quarter. Northern Trust Corp now owns 1,564,309 shares of the real estate investment trust's stock valued at $90,746,000 after buying an additional 717,734 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of EPR Properties by 42.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,870,499 shares of the real estate investment trust's stock valued at $108,975,000 after buying an additional 553,209 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in EPR Properties in the 3rd quarter valued at $27,895,000. Finally, Invesco Ltd. increased its holdings in EPR Properties by 89.7% in the 3rd quarter. Invesco Ltd. now owns 977,789 shares of the real estate investment trust's stock worth $56,722,000 after acquiring an additional 462,354 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company's stock.
EPR Properties Company Profile
(
Get Free Report)
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.
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