QS Investors LLC Decreases Stake in EPR Properties (EPR)
QS Investors LLC lessened its position in EPR Properties (NYSE:EPR) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,562 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. QS Investors LLC’s holdings in EPR Properties were worth $3,558,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPR. Lindbrook Capital LLC purchased a new position in EPR Properties during the fourth quarter worth approximately $25,000. Oregon Public Employees Retirement Fund lifted its position in EPR Properties by 6,303.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,873,518 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,844,258 shares in the last quarter. Pearl River Capital LLC purchased a new position in EPR Properties during the fourth quarter worth approximately $32,000. Capital Investment Advisory Services LLC purchased a new position in EPR Properties during the fourth quarter worth approximately $33,000. Finally, Fort L.P. lifted its position in EPR Properties by 173.2% during the fourth quarter. Fort L.P. now owns 560 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 84.28% of the company’s stock.
In other EPR Properties news, CFO Mark Alan Peterson sold 3,000 shares of EPR Properties stock in a transaction on Friday, February 15th. The stock was sold at an average price of $75.04, for a total value of $225,120.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robin Peppe Sterneck sold 860 shares of EPR Properties stock in a transaction on Friday, March 1st. The shares were sold at an average price of $72.60, for a total value of $62,436.00. Following the completion of the sale, the director now owns 1,882 shares in the company, valued at approximately $136,633.20. The disclosure for this sale can be found here. Insiders sold 15,563 shares of company stock worth $1,154,384 in the last 90 days. Company insiders own 1.36% of the company’s stock.
The firm also recently announced a monthly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were given a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $4.50 dividend on an annualized basis and a yield of 5.97%. This is an increase from EPR Properties’s previous monthly dividend of $0.36.
A number of equities analysts recently commented on EPR shares. Royal Bank of Canada reiterated a “buy” rating and set a $73.00 price objective on shares of EPR Properties in a research report on Monday, November 26th. Raymond James upgraded EPR Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Thursday, December 6th. JPMorgan Chase & Co. upgraded EPR Properties from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Zacks Investment Research downgraded EPR Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, ValuEngine upgraded EPR Properties from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $69.93.
EPR Properties Company 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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