Jupiter Asset Management Ltd. Buys New Stake in EPR Properties $EPR

Jupiter Asset Management Ltd. purchased a new position in shares of EPR Properties (NYSE:EPR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 193,797 shares of the real estate investment trust’s stock, valued at approximately $11,242,000. Jupiter Asset Management Ltd. owned 0.25% of EPR Properties at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Syon Capital LLC boosted its position in shares of EPR Properties by 77.8% in the third quarter. Syon Capital LLC now owns 16,388 shares of the real estate investment trust’s stock worth $951,000 after buying an additional 7,170 shares during the period. Advisors Capital Management LLC raised its holdings in shares of EPR Properties by 3.3% during the 3rd quarter. Advisors Capital Management LLC now owns 483,538 shares of the real estate investment trust’s stock valued at $28,050,000 after buying an additional 15,230 shares during the period. JPMorgan Chase & Co. lifted its position in EPR Properties by 27.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 901,813 shares of the real estate investment trust’s stock worth $52,314,000 after acquiring an additional 195,850 shares in the last quarter. Aberdeen Group plc boosted its holdings in EPR Properties by 10.8% in the 3rd quarter. Aberdeen Group plc now owns 458,931 shares of the real estate investment trust’s stock worth $26,361,000 after acquiring an additional 44,810 shares during the period. Finally, BTC Capital Management Inc. boosted its holdings in EPR Properties by 11.3% in the 3rd quarter. BTC Capital Management Inc. now owns 9,508 shares of the real estate investment trust’s stock worth $552,000 after acquiring an additional 962 shares during the period. 74.66% of the stock is owned by hedge funds and other institutional investors.

EPR Properties Trading Up 0.6%

NYSE EPR opened at $57.68 on Friday. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 3.40 and a beta of 0.99. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.21 and a quick ratio of 7.21. EPR Properties has a 12 month low of $41.75 and a 12 month high of $61.24. The company’s fifty day moving average price is $53.50 and its two-hundred day moving average price is $53.56.

EPR Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.295 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, February 27th. EPR Properties’s payout ratio is currently 154.59%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EPR. Wells Fargo & Company dropped their price objective on shares of EPR Properties from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $58.00 price target on shares of EPR Properties in a research note on Friday, January 30th. Truist Financial boosted their price objective on shares of EPR Properties from $55.00 to $57.00 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Wall Street Zen downgraded EPR Properties from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, JPMorgan Chase & Co. dropped their target price on EPR Properties from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

Insider Transactions at EPR Properties

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $53.89, for a total transaction of $404,175.00. Following the sale, the executive vice president owned 66,294 shares in the company, valued at $3,572,583.66. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.31% of the stock is owned by insiders.

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.