State Board of Administration of Florida Retirement System trimmed its holdings in EPR Properties (NYSE:EPR – Get Rating) by 2.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 89,728 shares of the real estate investment trust’s stock after selling 2,720 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in EPR Properties were worth $4,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EPR. Parallel Advisors LLC grew its holdings in EPR Properties by 26.4% in the 1st quarter. Parallel Advisors LLC now owns 1,102 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 230 shares in the last quarter. Integrated Advisors Network LLC bought a new position in EPR Properties in the 1st quarter worth approximately $4,153,000. Steward Partners Investment Advisory LLC grew its holdings in EPR Properties by 7.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,504 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 297 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in EPR Properties by 2.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 68,218 shares of the real estate investment trust’s stock worth $3,732,000 after buying an additional 1,310 shares in the last quarter. Finally, National Asset Management Inc. grew its holdings in EPR Properties by 13.5% in the 1st quarter. National Asset Management Inc. now owns 5,508 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 654 shares in the last quarter. 77.72% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on EPR shares. StockNews.com raised EPR Properties from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup increased their price target on EPR Properties to $56.00 in a research note on Monday, August 15th. Raymond James decreased their price target on EPR Properties from $55.00 to $48.00 and set a “strong-buy” rating for the company in a research note on Tuesday, October 4th. Bank of America decreased their price target on EPR Properties from $62.00 to $55.00 in a research note on Wednesday, August 24th. Finally, Royal Bank of Canada decreased their price target on EPR Properties from $55.00 to $49.00 in a research note on Wednesday, August 24th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.58.
EPR Properties Price Performance
EPR Properties Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 8.49%. EPR Properties’s dividend payout ratio (DPR) is presently 160.98%.
About EPR Properties
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.
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