Alberta Investment Management Corp Acquires 14,000 Shares of EPR Properties (NYSE:EPR)

Key Points

• Alberta Investment Management Corp increased its stake in EPR Properties by 110.2% to 26,700 shares, valued at approximately $1.41 million as of the latest quarter.
• Several institutional investors, including Northern Trust Corp and Allianz Asset Management GmbH, also raised their holdings in EPR Properties, reflecting growing interest in this real estate investment trust.
• EPR Properties reported a missed earnings estimate for the recent quarter with $1.24 EPS, below the consensus of $1.25, and announced a dividend of $0.295 per share, yielding approximately 590%.

Alberta Investment Management Corp raised its position in EPR Properties (NYSE:EPR - Free Report) by 110.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,700 shares of the real estate investment trust's stock after purchasing an additional 14,000 shares during the period. Alberta Investment Management Corp's holdings in EPR Properties were worth $1,405,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EPR. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of EPR Properties by 88.9% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 850 shares of the real estate investment trust's stock worth $45,000 after buying an additional 400 shares in the last quarter. Allworth Financial LP boosted its position in shares of EPR Properties by 53.0% during the first quarter. Allworth Financial LP now owns 1,135 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 393 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in EPR Properties during the fourth quarter valued at $61,000. Rossby Financial LCC bought a new stake in shares of EPR Properties in the 1st quarter worth about $85,000. Finally, SSA Swiss Advisors AG bought a new stake in EPR Properties during the 1st quarter valued at about $87,000. 74.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on EPR. Wall Street Zen raised shares of EPR Properties from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Royal Bank Of Canada downgraded shares of EPR Properties from an "outperform" rating to a "sector perform" rating and set a $58.00 price objective on the stock. in a research report on Monday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of EPR Properties in a research report on Friday, May 23rd. UBS Group lifted their price objective on shares of EPR Properties from $56.00 to $62.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their target price on shares of EPR Properties from $52.00 to $53.00 and gave the stock an "underweight" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $57.36.

Insider Activity

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $54.94, for a total transaction of $412,050.00. Following the transaction, the executive vice president owned 96,377 shares of the company's stock, valued at approximately $5,294,952.38. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.31% of the company's stock.

EPR Properties Trading Down 0.0%

EPR traded down $0.03 during midday trading on Tuesday, hitting $54.90. The company's stock had a trading volume of 1,296,234 shares, compared to its average volume of 798,828. The company has a current ratio of 7.77, a quick ratio of 7.77 and a debt-to-equity ratio of 1.20. The firm has a market cap of $4.18 billion, a P/E ratio of 27.04, a PEG ratio of 4.18 and a beta of 1.33. The firm has a 50-day moving average price of $57.57 and a two-hundred day moving average price of $52.57. EPR Properties has a 52-week low of $41.75 and a 52-week high of $61.24.

EPR Properties (NYSE:EPR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). The firm had revenue of $150.35 million for the quarter, compared to analysts' expectations of $176.50 million. EPR Properties had a return on equity of 7.66% and a net margin of 25.28%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 EPS. On average, research analysts anticipate that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Announces Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a $0.295 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a dividend yield of 590.0%. EPR Properties's dividend payout ratio is presently 174.38%.

EPR Properties Company Profile

EPR Properties NYSE: EPR is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.