Verition Fund Management LLC Invests $958,000 in EPR Properties (NYSE:EPR)

Verition Fund Management LLC acquired a new position in shares of EPR Properties (NYSE:EPRGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,513 shares of the real estate investment trust’s stock, valued at approximately $958,000.

Several other large investors also recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in shares of EPR Properties by 26.4% during the first quarter. Parallel Advisors LLC now owns 1,102 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 230 shares in the last quarter. Commerce Bank grew its position in EPR Properties by 2.7% in the fourth quarter. Commerce Bank now owns 10,744 shares of the real estate investment trust’s stock valued at $511,000 after purchasing an additional 287 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in EPR Properties by 7.1% in the first quarter. Steward Partners Investment Advisory LLC now owns 4,504 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 297 shares in the last quarter. Envestnet Asset Management Inc. grew its position in EPR Properties by 1.9% in the first quarter. Envestnet Asset Management Inc. now owns 16,168 shares of the real estate investment trust’s stock valued at $885,000 after purchasing an additional 301 shares in the last quarter. Finally, US Bancorp DE grew its position in EPR Properties by 6.2% in the first quarter. US Bancorp DE now owns 6,103 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 356 shares in the last quarter. Institutional investors own 77.72% of the company’s stock.

EPR Properties Stock Performance

NYSE EPR opened at $41.61 on Thursday. The firm has a 50-day moving average of $48.40 and a 200-day moving average of $49.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 9.00 and a current ratio of 9.00. The stock has a market cap of $3.12 billion, a PE ratio of 23.12, a P/E/G ratio of 0.75 and a beta of 1.61. EPR Properties has a 52-week low of $40.68 and a 52-week high of $56.38.

EPR Properties (NYSE:EPRGet Rating) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.63). The company had revenue of $160.45 million for the quarter, compared to analyst estimates of $149.39 million. EPR Properties had a return on equity of 6.13% and a net margin of 26.09%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. On average, sell-side analysts anticipate that EPR Properties will post 4.54 EPS for the current year.

EPR Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.275 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date of this dividend is Thursday, September 29th. EPR Properties’s dividend payout ratio is presently 183.33%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup raised their target price on shares of EPR Properties to $56.00 in a research report on Monday, August 15th. Bank of America decreased their target price on shares of EPR Properties from $62.00 to $55.00 in a research report on Wednesday, August 24th. Royal Bank of Canada cut their price target on shares of EPR Properties from $55.00 to $49.00 in a research note on Wednesday, August 24th. Janney Montgomery Scott upgraded shares of EPR Properties from a “neutral” rating to a “buy” rating in a research note on Thursday, July 7th. Finally, Raymond James cut their price target on shares of EPR Properties from $64.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Tuesday, September 6th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.75.

About EPR Properties

(Get Rating)

EPR Properties is a leading experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.

See Also

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

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