Pictet Asset Management SA Boosts Position in EPR Properties (NYSE:EPR)

Pictet Asset Management SA boosted its holdings in EPR Properties (NYSE:EPRGet Rating) by 6.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 29,884 shares of the real estate investment trust’s stock after buying an additional 1,758 shares during the period. Pictet Asset Management SA’s holdings in EPR Properties were worth $1,402,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings 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 buying an additional 301 shares during the period. J. Goldman & Co LP purchased a new stake in shares of EPR Properties during the first quarter valued at approximately $599,000. abrdn plc lifted its position in shares of EPR Properties by 3.2% during the first quarter. abrdn plc now owns 16,525 shares of the real estate investment trust’s stock worth $906,000 after purchasing an additional 520 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in EPR Properties by 1.6% during the 1st quarter. Treasurer of the State of North Carolina now owns 27,259 shares of the real estate investment trust’s stock valued at $1,491,000 after purchasing an additional 435 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in EPR Properties during the 2nd quarter valued at $360,000. Hedge funds and other institutional investors own 77.72% of the company’s stock.

EPR Properties Price Performance

EPR opened at $40.91 on Wednesday. The company has a 50-day moving average of $38.45 and a 200-day moving average of $45.21. The company has a market capitalization of $3.07 billion, a P/E ratio of 19.96, a PEG ratio of 0.95 and a beta of 1.60. EPR Properties has a 1-year low of $34.58 and a 1-year high of $56.38. The company has a debt-to-equity ratio of 1.10, a quick ratio of 7.42 and a current ratio of 7.42.

EPR Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be given a dividend of $0.275 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date is Tuesday, November 29th. EPR Properties’s dividend payout ratio is presently 160.98%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EPR shares. Citigroup lifted their price target on shares of EPR Properties to $56.00 in a research note on Monday, August 15th. Raymond James dropped their price target on shares of EPR Properties from $55.00 to $48.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 4th. Bank of America dropped their price target on shares of EPR Properties from $62.00 to $55.00 in a research note on Wednesday, August 24th. Truist Financial lifted 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. Finally, StockNews.com downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research note on Saturday. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.58.

EPR Properties 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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