Nuveen LLC Buys New Position in EPR Properties $EPR

Key Points

• Nuveen LLC acquired 184,415 shares of EPR Properties, totaling approximately $9.7 million, which represents about 0.24% of the company's stock as of its latest SEC filing.
• EPR Properties had a quarterly earnings report indicating a slight miss on EPS estimates at $1.24, with revenues of $150.35 million that fell short of the consensus estimate of $176.50 million.
• A dividend of $0.295 was declared, set to yield an impressive 670%, with the ex-dividend date on August 29, 2023.

Nuveen LLC bought a new stake in EPR Properties (NYSE:EPR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 184,415 shares of the real estate investment trust's stock, valued at approximately $9,702,000. Nuveen LLC owned about 0.24% of EPR Properties as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of EPR. Entropy Technologies LP acquired a new position in shares of EPR Properties during the 1st quarter valued at about $599,000. Atlas Capital Advisors Inc. purchased a new position in shares of EPR Properties during the 1st quarter worth about $508,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in EPR Properties by 5.3% during 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 purchasing an additional 2,625 shares during the last quarter. Deutsche Bank AG raised its stake in 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 during the period. Finally, Chicago Partners Investment Group LLC purchased a new position in EPR Properties during the first quarter worth approximately $254,000. Institutional investors and hedge funds own 74.66% of the company's stock.

Insider Activity

In other news, EVP Gregory E. Zimmerman sold 7,500 shares of the stock in a transaction on 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.31% of the company's stock.

Analyst Ratings Changes

EPR has been the topic of several research analyst reports. UBS Group reduced their price objective on EPR Properties from $62.00 to $54.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Truist Financial lifted their price objective on EPR Properties from $53.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, May 19th. Raymond James Financial lifted their price objective on EPR Properties from $57.00 to $62.00 and gave the company a "strong-buy" rating in a research note on Tuesday, August 12th. Wells Fargo & Company lifted their price objective on EPR Properties from $53.00 to $54.00 and gave the company an "underweight" rating in a research note on Wednesday. Finally, KeyCorp lowered EPR Properties from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, EPR Properties currently has a consensus rating of "Hold" and an average target price of $57.07.

EPR Properties Stock Performance

Shares of EPR stock traded down $0.04 on Friday, hitting $54.32. 1,131,961 shares of the stock traded hands, compared to its average volume of 967,117. The company has a debt-to-equity ratio of 1.20, a current ratio of 7.77 and a quick ratio of 7.77. The company has a market capitalization of $4.14 billion, a PE ratio of 26.76, a PEG ratio of 3.85 and a beta of 1.33. EPR Properties has a 1-year low of $41.75 and a 1-year high of $61.24. The company's fifty day moving average is $56.55 and its 200 day moving average is $53.35.

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 (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.01). The firm had revenue of $150.35 million for the quarter, compared to analyst estimates of $176.50 million. EPR Properties had a net margin of 25.28% and a return on equity of 7.66%. The business's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. EPR Properties has set its FY 2025 guidance at 5.000-5.160 EPS. On average, equities research analysts predict that EPR Properties will post 4.65 earnings per share for the current fiscal year.

EPR Properties Dividend Announcement

The business also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.295 per share. This represents a yield of 652.0%. The ex-dividend date is Friday, August 29th. EPR Properties's dividend payout ratio is presently 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.