LSV Asset Management Has $66.17 Million Position in EPR Properties (NYSE:EPR)

Key Points

• LSV Asset Management increased its stake in EPR Properties by 11.4%, acquiring an additional 128,568 shares, bringing its total ownership to 1,257,666 shares valued at $66 million.
• Analysts have varied opinions on EPR Properties, with Wall Street Zen and Stifel Nicolaus upgrading the stock to "buy," while Wells Fargo & Company issued an "underweight" rating with a $53 price target.
• EPR Properties declared a dividend of $0.295 per share, set to be paid on August 15th, representing a significant yield despite a high payout ratio of 174.38%.

LSV Asset Management raised its position in EPR Properties (NYSE:EPR - Free Report) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,257,666 shares of the real estate investment trust's stock after acquiring an additional 128,568 shares during the quarter. LSV Asset Management owned 1.65% of EPR Properties worth $66,166,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in EPR Properties by 1.8% in the fourth quarter. JPMorgan Chase & Co. now owns 685,542 shares of the real estate investment trust's stock worth $30,356,000 after purchasing an additional 12,425 shares during the period. Norges Bank bought a new stake in EPR Properties in the fourth quarter valued at $41,148,000. Pictet Asset Management Holding SA lifted its stake in EPR Properties by 6.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 23,827 shares of the real estate investment trust's stock valued at $1,055,000 after buying an additional 1,470 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in EPR Properties by 15.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,787 shares of the real estate investment trust's stock valued at $260,000 after buying an additional 787 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in EPR Properties in the fourth quarter valued at $307,000. Institutional investors and hedge funds own 74.66% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on EPR. Truist Financial raised their target price on EPR Properties from $53.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, May 19th. Royal Bank Of Canada cut EPR Properties from an "outperform" rating to a "sector perform" rating and set a $58.00 target price on the stock. in a research note on Monday. UBS Group raised their target price on EPR Properties from $56.00 to $62.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Wells Fargo & Company raised their target price on 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 reiterated 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, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $57.36.

EPR Properties Price Performance

EPR Properties stock traded up $0.26 during midday trading on Thursday, hitting $53.78. The company's stock had a trading volume of 88,508 shares, compared to its average volume of 752,491. The stock's 50-day moving average price is $57.54 and its 200-day moving average price is $52.58. The company has a market capitalization of $4.09 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.89 and a beta of 1.33. EPR Properties has a 12 month low of $41.75 and a 12 month high of $61.24. The company has a quick ratio of 7.77, a current ratio of 7.77 and a debt-to-equity ratio of 1.20.

EPR Properties (NYSE:EPR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $1.24 earnings per share for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). The company had revenue of $150.35 million during 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 company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 EPS. Analysts anticipate that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Announces Dividend

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

Insiders Place Their Bets

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of EPR Properties stock in a transaction dated Friday, August 1st. The stock was 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 $5,294,952.38. The trade was a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.31% of the stock is currently owned by company insiders.

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.