Park Avenue Securities LLC Sells 260 Shares of EPR Properties (NYSE:EPR)

Park Avenue Securities LLC cut its stake in EPR Properties (NYSE:EPR) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,989 shares of the real estate investment trust’s stock after selling 260 shares during the period. Park Avenue Securities LLC’s holdings in EPR Properties were worth $820,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in EPR Properties by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,602 shares of the real estate investment trust’s stock valued at $74,250,000 after purchasing an additional 7,086 shares during the period. Norges Bank bought a new position in shares of EPR Properties during the 4th quarter worth about $50,570,000. FMR LLC lifted its holdings in shares of EPR Properties by 56.1% during the 1st quarter. FMR LLC now owns 525,303 shares of the real estate investment trust’s stock worth $40,396,000 after acquiring an additional 188,800 shares during the period. Bank of Montreal Can lifted its holdings in shares of EPR Properties by 225.9% during the 1st quarter. Bank of Montreal Can now owns 398,122 shares of the real estate investment trust’s stock worth $30,617,000 after acquiring an additional 275,959 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of EPR Properties by 444.3% during the 4th quarter. Deutsche Bank AG now owns 343,557 shares of the real estate investment trust’s stock worth $21,996,000 after acquiring an additional 280,436 shares during the period. 84.15% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Tonya L. Mater sold 1,000 shares of EPR Properties stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $77.87, for a total transaction of $77,870.00. Following the completion of the transaction, the vice president now directly owns 31,262 shares of the company’s stock, valued at approximately $2,434,371.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Craig L. Evans sold 5,000 shares of EPR Properties stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $76.57, for a total transaction of $382,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,459 shares of company stock valued at $811,760 over the last three months. 1.34% of the stock is currently owned by insiders.

A number of research firms have recently commented on EPR. Bank of America downgraded shares of EPR Properties from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a report on Tuesday, June 11th. Royal Bank of Canada raised their price objective on shares of EPR Properties to $83.00 in a report on Tuesday, May 28th. Stifel Nicolaus raised their price objective on shares of EPR Properties from $76.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Raymond James set a $84.00 price objective on shares of EPR Properties and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, ValuEngine downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $78.83.

Shares of NYSE:EPR traded up $0.49 during midday trading on Tuesday, reaching $73.63. 21,454 shares of the company’s stock were exchanged, compared to its average volume of 361,573. The business has a 50 day moving average price of $75.54. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 4.31 and a beta of 0.57. EPR Properties has a 12 month low of $62.75 and a 12 month high of $80.75. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.32 and a quick ratio of 5.32.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.52). EPR Properties had a net margin of 41.51% and a return on equity of 9.81%. The firm had revenue of $175.70 million for the quarter, compared to the consensus estimate of $168.46 million. During the same period in the prior year, the business earned $1.87 earnings per share. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, equities research analysts expect that EPR Properties will post 5.42 EPS for the current year.

The company also recently declared a jul 19 dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, July 30th. EPR Properties’s dividend payout ratio is currently 73.77%.

EPR Properties Profile

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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Institutional Ownership by Quarter for EPR Properties (NYSE:EPR)

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