Northern Trust Corp Lowers Stake in EPR Properties $EPR

Key Points

• Northern Trust Corp has reduced its holdings in EPR Properties by 0.7%, owning approximately 1.10% of the company, valued at $44.1 million.
• Several analysts have recently adjusted their ratings on EPR Properties, with Stifel Nicolaus raising the price target to $65.50 while others, including KeyCorp and Royal Bank Of Canada, downgraded their ratings.
• EPR Properties announced a dividend of $0.295 per share, with a payout scheduled for September 15th, indicating a substantial dividend yield.

Northern Trust Corp lowered its stake in shares of EPR Properties (NYSE:EPR - Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 838,853 shares of the real estate investment trust's stock after selling 6,087 shares during the period. Northern Trust Corp owned about 1.10% of EPR Properties worth $44,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EPR. Deutsche Bank AG increased its stake in shares of EPR Properties by 3,816.2% during 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 purchasing an additional 1,827,098 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of EPR Properties by 378.0% during the first quarter. Russell Investments Group Ltd. now owns 821,532 shares of the real estate investment trust's stock worth $43,221,000 after purchasing an additional 649,675 shares in the last quarter. Aberdeen Group plc increased its stake in shares of EPR Properties by 1,361.4% during the first quarter. Aberdeen Group plc now owns 366,765 shares of the real estate investment trust's stock worth $19,136,000 after purchasing an additional 341,668 shares in the last quarter. Nuveen LLC purchased a new stake in shares of EPR Properties during the first quarter worth about $9,702,000. Finally, Allianz Asset Management GmbH increased its stake in shares of EPR Properties by 102.3% during the first quarter. Allianz Asset Management GmbH now owns 328,146 shares of the real estate investment trust's stock worth $17,264,000 after purchasing an additional 165,904 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company's stock.

EPR Properties Trading Up 0.4%

Shares of EPR Properties stock traded up $0.23 during mid-day trading on Wednesday, hitting $53.40. The stock had a trading volume of 892,644 shares, compared to its average volume of 907,426. The firm has a 50-day moving average of $56.27 and a two-hundred day moving average of $53.46. 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. The firm has a market cap of $4.06 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 3.84 and a beta of 1.32.

EPR Properties (NYSE:EPR - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $150.35 million during the quarter, compared to analysts' expectations of $176.50 million. During the same period last year, the company earned $1.22 EPS. The business's quarterly revenue was up 3.7% on a year-over-year basis. EPR Properties has set its FY 2025 guidance at 5.000-5.160 EPS. Sell-side analysts forecast that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Announces Dividend

The company also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a dividend yield of 652.0%. EPR Properties's dividend payout ratio is 174.38%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EPR. KeyCorp cut shares of EPR Properties from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, August 19th. Wells Fargo & Company upped their price objective on shares of EPR Properties from $53.00 to $54.00 and gave the company an "underweight" rating in a research note on Wednesday, August 27th. UBS Group dropped their price objective on shares of EPR Properties from $62.00 to $54.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Wall Street Zen cut shares of EPR Properties from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Truist Financial upped their price objective on shares of EPR Properties from $53.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, EPR Properties currently has an average rating of "Hold" and a consensus price target of $57.07.

Insider Buying and Selling at EPR Properties

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $53.35, for a total value of $400,125.00. Following the completion of the sale, the executive vice president owned 88,877 shares of the company's stock, valued at $4,741,587.95. This represents a 7.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 22,500 shares of company stock valued at $1,249,950. Corporate insiders own 2.31% of the company's stock.

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.