Signition LP purchased a new position in EPR Properties (NYSE:EPR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,761 shares of the real estate investment trust’s stock, valued at approximately $433,000.
A number of other institutional investors have also modified their holdings of EPR. We Are One Seven LLC acquired a new position in shares of EPR Properties during the fourth quarter worth approximately $38,000. North Star Investment Management Corp. raised its stake in shares of EPR Properties by 40.2% in the fourth quarter. North Star Investment Management Corp. now owns 911 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 261 shares in the last quarter. Quantamental Technologies LLC bought a new stake in EPR Properties in the fourth quarter valued at $108,000. First Hawaiian Bank bought a new stake in EPR Properties in the third quarter valued at $113,000. Finally, UMB Bank N A MO bought a new stake in EPR Properties in the third quarter valued at $207,000. Hedge funds and other institutional investors own 87.01% of the company’s stock.
Several brokerages have recently commented on EPR. Zacks Investment Research cut EPR Properties from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Citigroup raised their price target on EPR Properties from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, November 1st. Royal Bank of Canada reissued a “buy” rating and issued a $73.00 target price on shares of EPR Properties in a research note on Monday, November 26th. Raymond James raised EPR Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Thursday, December 6th. Finally, JPMorgan Chase & Co. raised EPR Properties from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.19.
The company also recently disclosed a feb 19 dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, January 30th. This represents a yield of 6.41%. This is a positive change from EPR Properties’s previous feb 19 dividend of $0.36. EPR Properties’s payout ratio is currently 89.64%.
In other EPR Properties news, Director Peter C. Brown sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $70.37, for a total value of $140,740.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Alan Peterson sold 3,575 shares of the company’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $72.02, for a total value of $257,471.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,150 shares of company stock worth $652,037 in the last 90 days. 1.36% of the stock is currently owned by corporate insiders.
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About EPR Properties
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
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