Envestnet Asset Management Inc. Has $2.60 Million Stake in EPR Properties (NYSE:EPR)

Envestnet Asset Management Inc. boosted its holdings in shares of EPR Properties (NYSE:EPRGet Rating) by 243.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 55,480 shares of the real estate investment trust’s stock after buying an additional 39,312 shares during the period. Envestnet Asset Management Inc.’s holdings in EPR Properties were worth $2,604,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EPR. Bank of New York Mellon Corp boosted its holdings in EPR Properties by 51.0% during the first quarter. Bank of New York Mellon Corp now owns 1,570,152 shares of the real estate investment trust’s stock valued at $85,901,000 after acquiring an additional 530,082 shares during the period. State Street Corp boosted its holdings in EPR Properties by 14.6% during the first quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock valued at $226,203,000 after acquiring an additional 523,061 shares during the period. Prudential Financial Inc. lifted its stake in shares of EPR Properties by 24.5% in the first quarter. Prudential Financial Inc. now owns 1,708,349 shares of the real estate investment trust’s stock valued at $93,463,000 after buying an additional 336,729 shares during the period. Guardian Capital LP bought a new stake in shares of EPR Properties in the first quarter valued at about $10,043,000. Finally, Raymond James & Associates lifted its stake in shares of EPR Properties by 430.1% in the first quarter. Raymond James & Associates now owns 160,815 shares of the real estate investment trust’s stock valued at $8,798,000 after buying an additional 130,477 shares during the period. 77.72% of the stock is owned by institutional investors and hedge funds.

EPR Properties Stock Down 1.2 %

Shares of EPR opened at $39.45 on Thursday. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 0.94 and a beta of 1.60. The company has a 50-day moving average price of $38.72 and a two-hundred day moving average price of $45.60. The company has a quick ratio of 7.42, a current ratio of 7.42 and a debt-to-equity ratio of 1.10. EPR Properties has a 12 month low of $34.58 and a 12 month high of $56.38.

EPR Properties Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were issued a dividend of $0.275 per share. This represents a $3.30 annualized dividend and a dividend yield of 8.37%. The ex-dividend date was Friday, October 28th. EPR Properties’s payout ratio is 160.98%.

Analyst Ratings Changes

Several research firms recently weighed in on EPR. Royal Bank of Canada reduced their target price on shares of EPR Properties from $55.00 to $49.00 in a research note on Wednesday, August 24th. Raymond James reduced their target price on shares of 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. StockNews.com upgraded shares of EPR Properties from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. Bank of America cut their price target on shares of EPR Properties from $62.00 to $55.00 in a research note on Wednesday, August 24th. Finally, Truist Financial raised their price target on shares of EPR Properties from $50.00 to $57.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.58.

EPR Properties Company Profile

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

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