AlphaQuest LLC Buys 32,445 Shares of EPR Properties $EPR

AlphaQuest LLC raised its stake in EPR Properties (NYSE:EPR) by 456.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,547 shares of the real estate investment trust’s stock after buying an additional 32,445 shares during the period. AlphaQuest LLC’s holdings in EPR Properties were worth $2,294,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in EPR Properties by 15.0% during the 2nd quarter. QRG Capital Management Inc. now owns 93,541 shares of the real estate investment trust’s stock valued at $5,450,000 after acquiring an additional 12,173 shares during the period. Los Angeles Capital Management LLC bought a new stake in EPR Properties in the second quarter valued at approximately $1,304,000. Allianz Asset Management GmbH boosted its stake in shares of EPR Properties by 22.5% during the second quarter. Allianz Asset Management GmbH now owns 402,075 shares of the real estate investment trust’s stock valued at $23,425,000 after purchasing an additional 73,929 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of EPR Properties in the third quarter worth approximately $11,666,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of EPR Properties by 35.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 203,532 shares of the real estate investment trust’s stock worth $11,807,000 after buying an additional 53,200 shares during the period. 74.66% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 64,251 shares in the company, valued at $3,357,114.75. This represents a 10.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of EPR Properties from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. JPMorgan Chase & Co. cut their target price on EPR Properties from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $58.00 price target on shares of EPR Properties in a report on Friday. Wall Street Zen cut EPR Properties from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of EPR Properties in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, EPR Properties presently has an average rating of “Moderate Buy” and an average target price of $58.36.

EPR Properties Price Performance

Shares of EPR stock opened at $54.26 on Friday. The business’s fifty day moving average is $51.91 and its 200 day moving average is $53.62. The company has a quick ratio of 7.21, a current ratio of 7.21 and a debt-to-equity ratio of 1.19. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 3.19 and a beta of 0.94. EPR Properties has a twelve month low of $41.75 and a twelve month high of $61.24.

EPR Properties (NYSE:EPR) last announced its 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 analysts’ expectations of $181.78 million. EPR Properties had a net margin of 28.01% and a return on equity of 8.58%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 EPS. Research analysts expect that EPR Properties will post 4.65 EPS for the current fiscal year.

EPR Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. EPR Properties’s dividend payout ratio (DPR) is currently 154.59%.

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.