Allianz Asset Management GmbH Boosts Position in EPR Properties (NYSE:EPR)

Key Points

• Allianz Asset Management GmbH increased its holdings in EPR Properties by 102.3% during Q1, now owning 328,146 shares valued at approximately $17.26 million.
• EPR Properties reported an EPS of $1.21 for the last quarter, exceeding estimates by $0.05, with revenue reaching $146.36 million, a 4.7% year-over-year increase.
• A dividend of $0.295 per share will be distributed to shareholders on August 15, with a yield of 5.9%.

Allianz Asset Management GmbH lifted its holdings in shares of EPR Properties (NYSE:EPR - Free Report) by 102.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,146 shares of the real estate investment trust's stock after purchasing an additional 165,904 shares during the period. Allianz Asset Management GmbH owned about 0.43% of EPR Properties worth $17,264,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EPR. Treasurer of the State of North Carolina increased its holdings in EPR Properties by 0.6% in the 4th 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 during the last quarter. Spire Wealth Management raised its holdings in EPR Properties by 11.5% during the 1st quarter. Spire Wealth Management now owns 2,339 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 242 shares during the period. Teamwork Financial Advisors LLC lifted its position in shares of EPR Properties by 2.8% during the first quarter. Teamwork Financial Advisors LLC now owns 10,984 shares of the real estate investment trust's stock worth $578,000 after acquiring an additional 295 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of EPR Properties by 53.0% in 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 period. Finally, Atlantic Edge Private Wealth Management LLC grew its position 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 valued at $45,000 after purchasing an additional 400 shares in the last quarter. 74.66% of the stock is currently owned by institutional investors.

EPR Properties Price Performance

NYSE:EPR traded down $0.65 during mid-day trading on Friday, reaching $57.27. The stock had a trading volume of 784,797 shares, compared to its average volume of 702,804. The firm has a 50 day moving average price of $57.21 and a two-hundred day moving average price of $52.03. The stock has a market capitalization of $4.36 billion, a P/E ratio of 35.14, a P/E/G ratio of 4.35 and a beta of 1.27. EPR Properties has a one year low of $41.75 and a one year high of $61.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 8.28 and a current ratio of 8.28.

EPR Properties (NYSE:EPR - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 6.30% and a net margin of 21.13%. EPR Properties's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, analysts expect that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Dividend Announcement

The business also recently disclosed a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a $0.295 dividend. The ex-dividend date is Thursday, July 31st. This represents a yield of 5.9%. EPR Properties's payout ratio is currently 217.18%.

Insiders Place Their Bets

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $58.37, for a total value 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. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EPR. UBS Group raised their target price on EPR Properties from $56.00 to $62.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of EPR Properties from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of EPR Properties in a report on Friday, May 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $58.00 target price on shares of EPR Properties in a report on Monday, May 19th. Finally, Wells Fargo & Company upped their target price on shares of EPR Properties from $52.00 to $53.00 and gave the stock an "underweight" rating in a report on Monday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $57.29.

About EPR Properties

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.