Friedberg Investment Management Lowers Holdings in EPR Properties (EPR)
Friedberg Investment Management lessened its stake in EPR Properties (NYSE:EPR) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,707 shares of the real estate investment trust’s stock after selling 503 shares during the quarter. EPR Properties comprises approximately 1.6% of Friedberg Investment Management’s investment portfolio, making the stock its 24th biggest holding. Friedberg Investment Management owned approximately 0.07% of EPR Properties worth $3,644,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC increased its position in EPR Properties by 8.8% in the 2nd quarter. Penserra Capital Management LLC now owns 1,601 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 129 shares in the last quarter. Ffcm LLC increased its position in EPR Properties by 119.2% in the 2nd quarter. Ffcm LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 1,184 shares in the last quarter. Private Advisor Group LLC increased its position in EPR Properties by 8.0% in the 2nd quarter. Private Advisor Group LLC now owns 2,943 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 218 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in EPR Properties in the 2nd quarter valued at about $208,000. Finally, Paragon Capital Management Ltd acquired a new stake in EPR Properties in the 2nd quarter valued at about $237,000. Hedge funds and other institutional investors own 85.09% of the company’s stock.
Shares of EPR Properties (EPR) traded down 0.41% on Friday, reaching $70.26. 262,817 shares of the company were exchanged. EPR Properties has a 12 month low of $65.50 and a 12 month high of $77.70. The company’s 50-day moving average price is $70.05 and its 200 day moving average price is $71.69. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 20.57 and a beta of 0.59.
EPR Properties (NYSE:EPR) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $147.80 million during the quarter, compared to the consensus estimate of $138.07 million. EPR Properties had a net margin of 46.90% and a return on equity of 10.51%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, equities research analysts expect that EPR Properties will post $3.44 EPS for the current year.
The company also recently announced a sep 17 dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.34 per share. This represents a yield of 5.73%. The ex-dividend date is Thursday, September 28th. EPR Properties’s dividend payout ratio is presently 120.00%.
EPR has been the subject of several research reports. Zacks Investment Research upgraded shares of EPR Properties from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Wednesday, August 2nd. KeyCorp reiterated a “buy” rating and set a $80.00 price target on shares of EPR Properties in a research report on Friday, August 25th. Ladenburg Thalmann Financial Services upgraded shares of EPR Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Monday, September 11th. Finally, BidaskClub upgraded shares of EPR Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. EPR Properties currently has an average rating of “Hold” and an average price target of $78.67.
EPR Properties Profile
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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