Bank of New York Mellon Corp Decreases Holdings in EPR Properties (NYSE:EPR)

Bank of New York Mellon Corp cut its stake in shares of EPR Properties (NYSE:EPR - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,122,894 shares of the real estate investment trust's stock after selling 22,373 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.48% of EPR Properties worth $59,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Treasurer of the State of North Carolina boosted its stake in EPR Properties by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,851 shares of the real estate investment trust's stock worth $1,455,000 after acquiring an additional 210 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in shares of EPR Properties by 1.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 15,071 shares of the real estate investment trust's stock valued at $667,000 after buying an additional 219 shares in the last quarter. Spire Wealth Management lifted its stake in shares of EPR Properties by 11.5% in the first quarter. Spire Wealth Management now owns 2,339 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 242 shares in the last quarter. Teamwork Financial Advisors LLC lifted its stake in shares of EPR Properties by 2.8% in the first quarter. Teamwork Financial Advisors LLC now owns 10,984 shares of the real estate investment trust's stock valued at $578,000 after buying an additional 295 shares in the last quarter. Finally, MRP Capital Investments LLC lifted its stake in shares of EPR Properties by 9.9% in the fourth quarter. MRP Capital Investments LLC now owns 4,446 shares of the real estate investment trust's stock valued at $197,000 after buying an additional 401 shares in the last quarter. 74.66% of the stock is owned by institutional investors.

Insider Transactions at EPR Properties

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $58.37, for a total transaction of $437,775.00. Following the completion of the sale, the executive vice president owned 103,877 shares in the company, valued at approximately $6,063,300.49. This trade represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.31% of the company's stock.

EPR Properties Stock Up 0.8%

Shares of EPR stock traded up $0.48 on Friday, hitting $60.26. The stock had a trading volume of 722,025 shares, compared to its average volume of 635,728. The business has a 50 day moving average of $55.82 and a 200 day moving average of $51.01. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 4.55 and a beta of 1.27. The company has a debt-to-equity ratio of 1.20, a current ratio of 8.28 and a quick ratio of 8.28. EPR Properties has a 12-month low of $41.75 and a 12-month high of $60.49.

EPR Properties (NYSE:EPR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $1.21 EPS for the quarter, beating the consensus estimate of $1.16 by $0.05. The company had revenue of $146.36 million during the quarter, compared to the consensus estimate of $155.46 million. EPR Properties had a net margin of 21.13% and a return on equity of 6.30%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. As a group, analysts expect that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.295 per share. The ex-dividend date is Monday, June 30th. This represents a yield of 6.3%. EPR Properties's dividend payout ratio (DPR) is presently 217.18%.

Analysts Set New Price Targets

A number of research firms have weighed in on EPR. Stifel Nicolaus raised shares of EPR Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $52.00 to $65.00 in a research note on Friday, June 20th. Truist Financial raised their price objective on shares of EPR Properties from $53.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, May 19th. UBS Group raised their price objective on shares of EPR Properties from $52.00 to $56.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Wells Fargo & Company raised their price objective on shares of EPR Properties from $52.00 to $53.00 and gave the company an "underweight" rating in a research note on Monday, June 2nd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of EPR Properties in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.43.

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.