Norges Bank acquired a new position in EPR Properties (NYSE:EPR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 576,571 shares of the real estate investment trust’s stock, valued at approximately $41,381,000. Norges Bank owned 0.91% of EPR Properties as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of EPR Properties by 7.2% in the third quarter. Principal Financial Group Inc. now owns 2,878,025 shares of the real estate investment trust’s stock worth $226,615,000 after buying an additional 193,130 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of EPR Properties by 4.5% in the third quarter. BlackRock Fund Advisors now owns 2,694,101 shares of the real estate investment trust’s stock worth $212,134,000 after buying an additional 116,582 shares during the last quarter. State Street Corp raised its stake in shares of EPR Properties by 0.4% in the fourth quarter. State Street Corp now owns 2,049,376 shares of the real estate investment trust’s stock worth $147,088,000 after buying an additional 8,299 shares during the last quarter. Neuberger Berman Group LLC increased its position in EPR Properties by 212.2% in the third quarter. Neuberger Berman Group LLC now owns 1,202,395 shares of the real estate investment trust’s stock worth $94,677,000 after buying an additional 817,292 shares during the period. Finally, Uniplan Investment Counsel Inc. increased its position in EPR Properties by 4.2% in the third quarter. Uniplan Investment Counsel Inc. now owns 1,083,454 shares of the real estate investment trust’s stock worth $85,310,000 after buying an additional 43,445 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.
Shares of EPR Properties (NYSE:EPR) traded down 0.80% on Friday, hitting $75.53. 886,392 shares of the stock were exchanged. EPR Properties has a 1-year low of $64.00 and a 1-year high of $84.67. The stock’s 50-day moving average is $73.73 and its 200-day moving average is $72.85. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 23.83 and a beta of 0.69.
EPR Properties (NYSE:EPR) last posted its quarterly earnings results on Tuesday, February 28th. The real estate investment trust reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.03. EPR Properties had a return on equity of 10.16% and a net margin of 46.29%. The business earned $130.80 million during the quarter, compared to the consensus estimate of $125.09 million. During the same period in the prior year, the company posted $1.18 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts forecast that EPR Properties will post $3.25 earnings per share for the current year.
The firm also recently declared a apr 17 dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 28th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, April 26th. This represents a yield of 5.44%. EPR Properties’s payout ratio is 130.35%.
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A number of research analysts recently weighed in on EPR shares. Stifel Nicolaus raised their target price on shares of EPR Properties to $80.00 in a research report on Wednesday, March 1st. Zacks Investment Research raised shares of EPR Properties from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Wednesday, January 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. EPR Properties currently has a consensus rating of “Hold” and a consensus price target of $82.29.
About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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