Comerica Bank boosted its position in shares of EPR Properties (NYSE:EPR) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,035 shares of the real estate investment trust’s stock after buying an additional 2,370 shares during the period. Comerica Bank owned about 0.21% of EPR Properties worth $11,344,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of EPR Properties by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,337,034 shares of the real estate investment trust’s stock worth $761,115,000 after buying an additional 272,916 shares during the last quarter. BlackRock Inc. raised its stake in EPR Properties by 3,652.5% in the first quarter. BlackRock Inc. now owns 7,220,261 shares of the real estate investment trust’s stock worth $531,629,000 after buying an additional 7,027,848 shares in the last quarter. Principal Financial Group Inc. raised its stake in EPR Properties by 12.6% in the first quarter. Principal Financial Group Inc. now owns 3,131,467 shares of the real estate investment trust’s stock worth $230,510,000 after buying an additional 349,384 shares in the last quarter. State Street Corp raised its stake in EPR Properties by 3.1% in the first quarter. State Street Corp now owns 2,113,363 shares of the real estate investment trust’s stock worth $155,607,000 after buying an additional 63,987 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in EPR Properties by 9.2% in the second quarter. Wedge Capital Management L L P NC now owns 1,525,442 shares of the real estate investment trust’s stock worth $109,634,000 after buying an additional 129,109 shares in the last quarter. 81.23% of the stock is currently owned by institutional investors.
Shares of EPR Properties (EPR) opened at 68.21 on Friday. EPR Properties has a 52-week low of $65.50 and a 52-week high of $81.61. The stock’s 50 day moving average price is $70.89 and its 200-day moving average price is $72.72. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 19.97 and a beta of 0.57.
EPR Properties (NYSE:EPR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.05. EPR Properties had a net margin of 46.90% and a return on equity of 10.51%. The business had revenue of $147.80 million for the quarter, compared to the consensus estimate of $138.07 million. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, analysts predict that EPR Properties will post $3.38 earnings per share for the current fiscal year.
The firm also recently announced a aug 17 dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were paid a $0.34 dividend. This represents a dividend yield of 5.56%. The ex-dividend date was Thursday, July 27th. EPR Properties’s dividend payout ratio is presently 120.00%.
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A number of analysts have recently weighed in on the company. Zacks Investment Research raised EPR Properties from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Wednesday, August 2nd. BidaskClub raised EPR Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of EPR Properties in a research report on Thursday, May 18th. Finally, ValuEngine lowered EPR Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. EPR Properties presently has a consensus rating of “Hold” and an average price target of $79.75.
In other news, Director Peter C. Brown sold 7,907 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $71.49, for a total value of $565,271.43. Following the transaction, the director now owns 4,578 shares of the company’s stock, valued at approximately $327,281.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
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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