EPR Properties (NYSE:EPR) Stock Position Decreased by Kovack Advisors Inc.

Key Points

• Kovack Advisors Inc. reduced its holdings in EPR Properties by 49.6%, owning 5,389 shares valued at $284,000 after selling 5,300 shares in the first quarter.
• Several institutional investors increased their stakes in EPR Properties, with LSV Asset Management boosting its stake by 12.3% to own 1,129,098 shares worth nearly $50 million.
• EPR Properties announced a $0.295 dividend per share, with a yield of 5.9%, scheduled for payout on August 15th.

Kovack Advisors Inc. lessened its holdings in shares of EPR Properties (NYSE:EPR - Free Report) by 49.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,389 shares of the real estate investment trust's stock after selling 5,300 shares during the period. Kovack Advisors Inc.'s holdings in EPR Properties were worth $284,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LSV Asset Management boosted its stake in EPR Properties by 12.3% during the 4th quarter. LSV Asset Management now owns 1,129,098 shares of the real estate investment trust's stock valued at $49,996,000 after purchasing an additional 123,400 shares during the period. Norges Bank acquired a new position in EPR Properties during the 4th quarter valued at about $41,148,000. AQR Capital Management LLC boosted its stake in EPR Properties by 7.2% during the 4th quarter. AQR Capital Management LLC now owns 864,484 shares of the real estate investment trust's stock valued at $38,279,000 after purchasing an additional 58,106 shares during the period. Northern Trust Corp boosted its stake in EPR Properties by 30.6% during the 4th quarter. Northern Trust Corp now owns 844,940 shares of the real estate investment trust's stock valued at $37,414,000 after purchasing an additional 198,019 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in EPR Properties by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 685,542 shares of the real estate investment trust's stock valued at $30,356,000 after purchasing an additional 12,425 shares during the period. Institutional investors own 74.66% of the company's stock.

EPR Properties Stock Down 1.1%

NYSE EPR opened at $57.27 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 8.28 and a quick ratio of 8.28. The company's 50 day simple moving average is $57.21 and its 200 day simple moving average is $52.08. EPR Properties has a 12 month low of $41.75 and a 12 month high of $61.24. The company has a market capitalization of $4.36 billion, a P/E ratio of 35.14, a PEG ratio of 4.35 and a beta of 1.27.

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

EPR Properties Dividend Announcement

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

Insider Activity at EPR Properties

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $58.37, for a total value of $437,775.00. Following the sale, the executive vice president directly owned 103,877 shares in the company, valued at $6,063,300.49. The trade was a 6.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.31% of the stock is owned by insiders.

Analyst Ratings Changes

EPR has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of EPR Properties in a research note on Friday, May 23rd. Truist Financial upped their price target on shares of EPR Properties from $53.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, May 19th. Stifel Nicolaus raised shares of EPR Properties from a "hold" rating to a "buy" rating and upped their price target for the stock from $52.00 to $65.00 in a research note on Friday, June 20th. Wall Street Zen raised shares of EPR Properties from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $58.00 price target on shares of EPR Properties in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EPR Properties currently has a consensus rating of "Moderate Buy" and an average price target of $57.29.

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.

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