Bank of New York Mellon Corp Makes New $63.49 Million Investment in EPR Properties $EPR

Key Points

• Bank of New York Mellon acquired 1.09 million shares of EPR Properties worth approximately $63.5 million, giving it a 1.43% stake. Institutional investors collectively own 74.66% of the REIT.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $65.45; nine analysts rate the stock a Buy and four rate it a Hold.
• EPR Properties exceeded quarterly earnings and revenue expectations, reporting $0.79 EPS and $196.1 million in revenue. The company also declared a monthly $0.31 dividend, representing an annualized yield of about 6.2%.

Bank of New York Mellon Corp purchased a new position in shares of EPR Properties (NYSE:EPR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,094,415 shares of the real estate investment trust's stock, valued at approximately $63,487,000. Bank of New York Mellon Corp owned about 1.43% of EPR Properties at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in EPR Properties in the third quarter worth about $26,000. Fourth Dimension Wealth LLC increased its holdings in EPR Properties by 66.7% in the 4th quarter. Fourth Dimension Wealth LLC now owns 500 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in EPR Properties by 356.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 580 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 453 shares during the period. Larson Financial Group LLC raised its stake in EPR Properties by 134.1% during the 4th quarter. Larson Financial Group LLC now owns 653 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 374 shares during the period. Finally, Elevation Wealth Partners LLC lifted its holdings in EPR Properties by 753.2% during the second quarter. Elevation Wealth Partners LLC now owns 657 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 580 shares in the last quarter. Institutional investors own 74.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial reduced their price objective on shares of EPR Properties from $62.00 to $61.00 and set a "hold" rating for the company in a research note on Tuesday, June 9th. Wells Fargo & Company upped their target price on shares of EPR Properties from $60.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 15th. Raymond James Financial reissued an "outperform" rating and set a $65.00 price target on shares of EPR Properties in a report on Thursday, August 13th. KeyCorp upgraded EPR Properties from a "sector weight" rating to an "overweight" rating and set a $70.00 price objective on the stock in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada upped their price objective on EPR Properties from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $65.45.

Insider Transactions at EPR Properties

In related news, SVP Gwendolyn Mary Johnson sold 1,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $60.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president owned 13,213 shares of the company's stock, valued at approximately $792,780. This trade represents a 7.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Elizabeth Grace sold 4,200 shares of EPR Properties stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $60.57, for a total value of $254,394.00. Following the completion of the transaction, the senior vice president owned 22,427 shares of the company's stock, valued at approximately $1,358,403.39. This represents a 15.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,892 shares of company stock worth $844,113 in the last three months. Insiders own 0.03% of the company's stock.

EPR Properties Stock Performance

NYSE EPR opened at $60.00 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 9.51 and a quick ratio of 9.51. EPR Properties has a 1-year low of $48.10 and a 1-year high of $64.97. The business has a 50 day simple moving average of $60.58 and a two-hundred day simple moving average of $57.82. The stock has a market capitalization of $4.60 billion, a PE ratio of 19.29, a P/E/G ratio of 2.31 and a beta of 1.02.

EPR Properties (NYSE:EPR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. EPR Properties had a return on equity of 11.34% and a net margin of 35.45%.The business had revenue of $196.08 million for the quarter, compared to analysts' expectations of $158.13 million. During the same period in the prior year, the firm earned $1.26 EPS. The company's revenue for the quarter was up 30.4% on a year-over-year basis. EPR Properties has set its FY 2026 guidance at 5.410-5.570 EPS. On average, research analysts predict that EPR Properties will post 5.36 EPS for the current fiscal year.

EPR Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.31 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, August 31st. EPR Properties's dividend payout ratio (DPR) is presently 119.61%.

EPR Properties 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.

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