Primecap Management Co. CA Cuts Holdings in EPR Properties (NYSE:EPR)

Primecap Management Co. CA trimmed its position in EPR Properties (NYSE:EPR) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,990 shares of the real estate investment trust’s stock after selling 5,270 shares during the quarter. Primecap Management Co. CA’s holdings in EPR Properties were worth $5,490,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in EPR Properties during the third quarter valued at approximately $27,000. Synergy Investment Management LLC bought a new position in shares of EPR Properties during the 4th quarter valued at approximately $27,000. GAMMA Investing LLC raised its holdings in EPR Properties by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 302 shares during the period. Principal Securities Inc. lifted its position in EPR Properties by 54.5% in the fourth quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 457 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in EPR Properties by 51.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,530 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 522 shares during the last quarter. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

EPR Properties Price Performance

Shares of EPR Properties stock opened at $51.32 on Thursday. The firm has a market cap of $3.90 billion, a PE ratio of 22.22 and a beta of 1.72. The business has a 50-day moving average price of $48.93 and a 200 day moving average price of $47.21. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. EPR Properties has a twelve month low of $39.66 and a twelve month high of $54.25.

EPR Properties (NYSE:EPR) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The business had revenue of $149.12 million for the quarter, compared to analyst estimates of $161.25 million. Sell-side analysts predict that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.295 per share. The ex-dividend date is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.54 dividend on an annualized basis and a yield of 6.90%. EPR Properties’s payout ratio is presently 221.25%.

Insider Activity at EPR Properties

In other EPR Properties news, SVP Brian Andrew Moriarty sold 2,500 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the transaction, the senior vice president now owns 15,299 shares of the company’s stock, valued at approximately $795,395.01. The trade was a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Gwendolyn Mary Johnson sold 3,900 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $54.02, for a total transaction of $210,678.00. Following the transaction, the senior vice president now directly owns 8,216 shares in the company, valued at approximately $443,828.32. The trade was a 32.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,520 shares of company stock valued at $502,581. Corporate insiders own 2.13% of the company’s stock.

Analyst Upgrades and Downgrades

EPR has been the topic of several analyst reports. Truist Financial upped their price target on shares of EPR Properties from $46.00 to $51.00 and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their target price on EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Monday, March 10th. Stifel Nicolaus raised their price target on EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada upped their price objective on EPR Properties from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.75.

EPR Properties Profile

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.