Mackenzie Financial Corp Purchases New Holdings in EPR Properties (NYSE:EPR)

Key Points

• Mackenzie Financial Corp has purchased a new position in EPR Properties, acquiring 4,675 shares valued at approximately $246,000.
• Research analysts have mixed views on EPR Properties, with target prices ranging from $53.00 to $65.50 and an average rating of "Hold."
• The company recently declared a dividend of $0.295 per share, resulting in a yield of 590.0%, with a payout ratio of 174.38%.

Mackenzie Financial Corp bought a new stake in EPR Properties (NYSE:EPR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,675 shares of the real estate investment trust's stock, valued at approximately $246,000.

Several other hedge funds also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of EPR Properties by 5.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,772 shares of the real estate investment trust's stock worth $2,355,000 after purchasing an additional 2,487 shares during the last quarter. Assetmark Inc. boosted its position in shares of EPR Properties by 7.1% in the 1st quarter. Assetmark Inc. now owns 12,642 shares of the real estate investment trust's stock worth $665,000 after purchasing an additional 836 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of EPR Properties by 12.2% in the 1st quarter. Cetera Investment Advisers now owns 20,598 shares of the real estate investment trust's stock worth $1,084,000 after purchasing an additional 2,238 shares during the last quarter. Brookwood Investment Group LLC bought a new position in shares of EPR Properties in the 1st quarter worth $234,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of EPR Properties by 108.2% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 207,492 shares of the real estate investment trust's stock worth $10,916,000 after purchasing an additional 107,852 shares during the last quarter. Institutional investors own 74.66% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded EPR Properties from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Stifel Nicolaus raised their price objective on EPR Properties from $65.00 to $65.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company raised their price objective on EPR Properties from $52.00 to $53.00 and gave the stock an "underweight" rating in a research note on Monday, June 2nd. UBS Group raised their price objective on EPR Properties from $56.00 to $62.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Truist Financial raised their price objective on EPR Properties from $53.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $58.07.

EPR Properties Stock Up 1.0%

Shares of EPR traded up $0.50 during midday trading on Tuesday, hitting $53.31. The stock had a trading volume of 858,279 shares, compared to its average volume of 898,256. The company has a 50 day simple moving average of $57.35 and a two-hundred day simple moving average of $52.79. EPR Properties has a twelve month low of $41.75 and a twelve month high of $61.24. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 3.74 and a beta of 1.33. The company has a debt-to-equity ratio of 1.20, a current ratio of 7.77 and a quick ratio of 7.77.

EPR Properties (NYSE:EPR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $1.24 earnings per share (EPS) 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 firm had revenue of $150.35 million during the quarter, compared to analyst estimates of $176.50 million. During the same period in the prior year, the business earned $1.22 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts anticipate that EPR Properties will post 4.65 EPS 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. Stockholders 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 590.0%. EPR Properties's dividend payout ratio (DPR) is presently 174.38%.

Insider Buying and Selling at EPR Properties

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $54.94, for a total value of $412,050.00. Following the completion of the transaction, the executive vice president owned 96,377 shares in the company, valued at $5,294,952.38. This trade represents a 7.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.31% of the stock is owned by insiders.

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.