Neuberger Berman Group LLC Cuts Stake in EPR Properties (EPR)

Neuberger Berman Group LLC lessened its position in shares of EPR Properties (NYSE:EPR) by 62.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 279,496 shares of the real estate investment trust’s stock after selling 461,418 shares during the quarter. Neuberger Berman Group LLC owned about 0.38% of EPR Properties worth $19,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC increased its holdings in EPR Properties by 8.8% in the second quarter. Penserra Capital Management LLC now owns 1,601 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 129 shares during the last quarter. Ffcm LLC increased its holdings in EPR Properties by 119.2% in the second quarter. Ffcm LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 1,184 shares during the last quarter. Timber Hill LLC bought a new stake in EPR Properties in the third quarter valued at about $206,000. Private Advisor Group LLC increased its holdings in EPR Properties by 8.0% in the second quarter. Private Advisor Group LLC now owns 2,943 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 218 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in EPR Properties in the second quarter valued at about $208,000. 88.46% of the stock is currently owned by institutional investors and hedge funds.

In other EPR Properties news, VP Tonya L. Mater sold 2,100 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $68.09, for a total value of $142,989.00. Following the completion of the sale, the vice president now directly owns 28,929 shares in the company, valued at $1,969,775.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael L. Hirons sold 9,359 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $67.54, for a total value of $632,106.86. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on EPR shares. Ladenburg Thalmann Financial Services upgraded EPR Properties from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Monday, September 11th. J P Morgan Chase & Co downgraded EPR Properties from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Zacks Investment Research upgraded EPR Properties from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Tuesday, October 3rd. KeyCorp set a $80.00 price objective on EPR Properties and gave the company a “buy” rating in a report on Sunday, October 29th. Finally, B. Riley set a $80.00 price objective on EPR Properties and gave the company a “hold” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $77.17.

Shares of EPR Properties (EPR) opened at $64.16 on Friday. EPR Properties has a fifty-two week low of $63.10 and a fifty-two week high of $77.70. The stock has a market capitalization of $4,810.00, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.21 and a beta of 0.57. The company has a quick ratio of 7.88, a current ratio of 7.88 and a debt-to-equity ratio of 1.03.

The firm also recently declared a dec 17 dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 6.25%. EPR Properties’s dividend payout ratio (DPR) is currently 121.43%.

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EPR Properties Profile

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.

Institutional Ownership by Quarter for EPR Properties (NYSE:EPR)

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