EPR Properties $EPR Holdings Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in EPR Properties (NYSE:EPR) by 86.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,691 shares of the real estate investment trust’s stock after purchasing an additional 22,533 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of EPR Properties worth $2,825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EPR. Norges Bank purchased a new position in EPR Properties during the 2nd quarter valued at about $55,093,000. Prudential Financial Inc. grew its position in EPR Properties by 42.0% during the second quarter. Prudential Financial Inc. now owns 1,870,499 shares of the real estate investment trust’s stock valued at $108,975,000 after purchasing an additional 553,209 shares in the last quarter. AQR Capital Management LLC lifted its position in EPR Properties by 29.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,544,905 shares of the real estate investment trust’s stock worth $88,693,000 after buying an additional 348,908 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of EPR Properties by 68.1% during the 2nd quarter. Quantinno Capital Management LP now owns 611,508 shares of the real estate investment trust’s stock valued at $35,626,000 after buying an additional 247,750 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of EPR Properties during the 3rd quarter valued at $11,666,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Insider Transactions at EPR Properties

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $52.25, for a total value of $391,875.00. Following the transaction, the executive vice president owned 64,251 shares of the company’s stock, valued at approximately $3,357,114.75. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.31% of the company’s stock.

EPR Properties Stock Up 0.2%

EPR opened at $51.74 on Thursday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.06 and a beta of 0.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.21 and a current ratio of 7.21. The firm’s 50-day simple moving average is $51.81 and its 200-day simple moving average is $53.67. EPR Properties has a twelve month low of $41.75 and a twelve month high of $61.24.

EPR Properties (NYSE:EPR) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The firm had revenue of $182.31 million for the quarter, compared to analyst estimates of $181.78 million. EPR Properties had a net margin of 28.01% and a return on equity of 8.58%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 earnings per share. Equities research analysts anticipate that EPR Properties will post 4.65 EPS for the current fiscal year.

EPR Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be issued a dividend of $0.295 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, January 30th. EPR Properties’s dividend payout ratio (DPR) is currently 154.59%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EPR shares. Truist Financial boosted their target price on EPR Properties from $55.00 to $57.00 and gave the company a “hold” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. decreased their target price on shares of EPR Properties from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EPR Properties in a research note on Monday, December 29th. Wells Fargo & Company reduced their price target on EPR Properties from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Finally, Wall Street Zen lowered EPR Properties from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, EPR Properties has a consensus rating of “Moderate Buy” and an average price target of $58.36.

EPR Properties Company Profile

EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.

The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.