1620 Investment Advisors Inc. Acquires 341 Shares of EPR Properties (NYSE:EPR)

1620 Investment Advisors Inc. boosted its holdings in EPR Properties (NYSE:EPR) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,852 shares of the real estate investment trust’s stock after purchasing an additional 341 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in EPR Properties were worth $728,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC raised its stake in shares of EPR Properties by 1,725.0% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 511 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 483 shares during the period. Diversify Advisory Services LLC raised its position in EPR Properties by 53.4% in the third quarter. Diversify Advisory Services LLC now owns 13,441 shares of the real estate investment trust’s stock worth $640,000 after acquiring an additional 4,679 shares during the period. abrdn plc boosted its stake in EPR Properties by 15.6% in the third quarter. abrdn plc now owns 15,737 shares of the real estate investment trust’s stock valued at $772,000 after acquiring an additional 2,121 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of EPR Properties by 12.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,821 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 1,668 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of EPR Properties by 21.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,014 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 697 shares during the period. 74.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EPR has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on EPR Properties from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. JMP Securities reaffirmed a “market perform” rating on shares of EPR Properties in a research note on Tuesday, September 24th. Truist Financial upped their price target on shares of EPR Properties from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada raised EPR Properties from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $50.00 in a research note on Monday, August 5th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $47.00 target price (up from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, EPR Properties has an average rating of “Hold” and an average price target of $48.31.

Insider Buying and Selling at EPR Properties

In related news, CAO Tonya L. Mater sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $46.00, for a total value of $46,000.00. Following the sale, the chief accounting officer now owns 42,710 shares in the company, valued at approximately $1,964,660. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Tonya L. Mater sold 1,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total transaction of $46,000.00. Following the sale, the chief accounting officer now owns 42,710 shares in the company, valued at approximately $1,964,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Gwendolyn Mary Johnson sold 592 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $43.82, for a total transaction of $25,941.44. Following the transaction, the senior vice president now owns 5,780 shares in the company, valued at $253,279.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by company insiders.

EPR Properties Trading Up 1.5 %

EPR stock opened at $47.54 on Thursday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 19.48 and a beta of 1.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 11.12 and a quick ratio of 11.12. EPR Properties has a 1-year low of $39.65 and a 1-year high of $50.26. The business has a 50 day simple moving average of $47.99 and a two-hundred day simple moving average of $44.23.

EPR Properties Dividend Announcement

The company also recently declared a oct 24 dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.285 per share. This represents a yield of 6.9%. The ex-dividend date of this dividend is Thursday, October 31st. EPR Properties’s payout ratio is presently 140.16%.

About EPR Properties

EPR Properties (NYSE:EPR) is the leading diversified 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 that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.