Invesco Ltd. Trims Stake in EPR Properties $EPR

Key Points

• Invesco Ltd. reduced its holdings in EPR Properties by 10.9% in the first quarter, now owning 548,164 shares valued at approximately $28.8 million.
• Several large investors have increased their stakes in EPR Properties, with Deutsche Bank AG growing its holdings by 3,816.2%, now owning nearly 1.9 million shares.
• EPR Properties recently announced a dividend of $0.295 per share, scheduled for payment on September 15th, reflecting a 674.0% yield despite a high payout ratio of 174.38%.

Invesco Ltd. cut its position in EPR Properties (NYSE:EPR - Free Report) by 10.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 548,164 shares of the real estate investment trust's stock after selling 66,794 shares during the period. Invesco Ltd. owned approximately 0.72% of EPR Properties worth $28,839,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new position in EPR Properties in the first quarter worth about $508,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in EPR Properties by 5.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 51,994 shares of the real estate investment trust's stock worth $2,735,000 after buying an additional 2,625 shares during the last quarter. Deutsche Bank AG raised its holdings in EPR Properties by 3,816.2% in the first quarter. Deutsche Bank AG now owns 1,874,975 shares of the real estate investment trust's stock worth $98,642,000 after buying an additional 1,827,098 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in EPR Properties in the first quarter worth about $254,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in EPR Properties in the first quarter worth about $4,825,000. 74.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.94, for a total transaction of $412,050.00. Following the completion of the sale, the executive vice president directly owned 96,377 shares of the company's stock, valued at approximately $5,294,952.38. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.31% of the company's stock.

Analyst Upgrades and Downgrades

EPR has been the subject of several recent analyst reports. Wall Street Zen cut shares of EPR Properties from a "buy" rating to a "hold" rating in a report on Friday. Raymond James Financial lifted their target price on shares of EPR Properties from $57.00 to $62.00 and gave the stock a "strong-buy" rating in a report on Tuesday, August 12th. Truist Financial lifted their target price on shares of EPR Properties from $53.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, May 19th. Wells Fargo & Company lifted 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. Finally, KeyCorp cut shares of EPR Properties from an "overweight" rating to a "sector weight" rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.93.

EPR Properties Stock Performance

Shares of EPR traded up $0.2450 during mid-day trading on Friday, hitting $53.9950. 768,717 shares of the company traded hands, compared to its average volume of 983,488. The company has a debt-to-equity ratio of 1.20, a quick ratio of 7.77 and a current ratio of 7.77. The stock has a 50-day moving average price of $56.82 and a two-hundred day moving average price of $53.16. EPR Properties has a 1 year low of $41.75 and a 1 year high of $61.24. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 3.83 and a beta of 1.33.

EPR Properties (NYSE:EPR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.01). EPR Properties had a net margin of 25.28% and a return on equity of 7.66%. The company had revenue of $150.35 million for the quarter, compared to analysts' expectations of $176.50 million. During the same period in the previous year, the firm earned $1.22 earnings per share. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. EPR Properties has set its FY 2025 guidance at 5.000-5.160 EPS. Equities analysts anticipate that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Dividend Announcement

The firm also recently announced a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.295 per share. This represents a yield of 670.0%. The ex-dividend date of this dividend is Friday, August 29th. EPR Properties's dividend payout ratio is currently 174.38%.

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.