Russell Investments Group Ltd. Buys 649,675 Shares of EPR Properties $EPR

Key Points

• Russell Investments Group Ltd. has significantly increased its stake in EPR Properties by 378%, acquiring an additional 649,675 shares and owning a total of 821,532 shares valued at approximately $43.2 million.
• EPR Properties reported earnings of $1.24 per share, which fell short of analysts' expectations, while revenue reached $150.35 million, indicating a 3.7% increase year-over-year.
• The company has declared a $0.295 dividend to be paid on September 15th, with a high dividend payout ratio of 174.38%, signaling robust returns for shareholders despite earnings misses.

Russell Investments Group Ltd. boosted its position in EPR Properties (NYSE:EPR - Free Report) by 378.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 821,532 shares of the real estate investment trust's stock after purchasing an additional 649,675 shares during the period. Russell Investments Group Ltd. owned 1.08% of EPR Properties worth $43,221,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Deutsche Bank AG raised its stake in EPR Properties by 3,816.2% during the 1st 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 period. Northern Trust Corp raised its position in shares of EPR Properties by 30.6% during the fourth quarter. Northern Trust Corp now owns 844,940 shares of the real estate investment trust's stock worth $37,414,000 after purchasing an additional 198,019 shares during the period. Nuveen LLC bought a new position in shares of EPR Properties in the 1st quarter worth $9,702,000. Allianz Asset Management GmbH grew its position in EPR Properties by 102.3% in the 1st quarter. Allianz Asset Management GmbH now owns 328,146 shares of the real estate investment trust's stock valued at $17,264,000 after purchasing an additional 165,904 shares during the period. Finally, LSV Asset Management grew its position in EPR Properties by 11.4% in the 1st quarter. LSV Asset Management now owns 1,257,666 shares of the real estate investment trust's stock valued at $66,166,000 after purchasing an additional 128,568 shares during the period. Institutional investors own 74.66% of the company's stock.

Insider Transactions at EPR Properties

In other EPR Properties news, EVP Gregory E. Zimmerman sold 7,500 shares of the 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 transaction, the executive vice president directly owned 96,377 shares in the company, valued at $5,294,952.38. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EPR shares. Truist Financial raised their price target on shares of EPR Properties from $53.00 to $55.00 and gave the company a "hold" rating in a research report on Monday, May 19th. Royal Bank Of Canada lowered EPR Properties from an "outperform" rating to a "sector perform" rating and set a $58.00 price target for the company. in a research report on Monday, August 4th. UBS Group cut their price target on shares of EPR Properties from $62.00 to $54.00 and set a "neutral" rating on the stock in a report on Friday. Wells Fargo & Company increased their price objective on shares of EPR Properties from $52.00 to $53.00 and gave the company an "underweight" rating in a research note on Monday, June 2nd. Finally, Wall Street Zen raised shares of EPR Properties from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $56.93.

EPR Properties Price Performance

Shares of EPR stock traded up $0.11 during trading hours on Monday, reaching $52.69. The stock had a trading volume of 540,915 shares, compared to its average volume of 761,979. The stock's fifty day simple moving average is $57.17 and its 200 day simple moving average is $52.96. The company has a current ratio of 7.77, a quick ratio of 7.77 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $4.01 billion, a PE ratio of 25.88, a PEG ratio of 3.73 and a beta of 1.33. EPR Properties has a 12 month low of $41.75 and a 12 month high of $61.24.

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 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). The firm had revenue of $150.35 million for the quarter, compared to analysts' expectations of $176.50 million. EPR Properties had a net margin of 25.28% and a return on equity of 7.66%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 earnings per share. On average, equities research analysts predict that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Announces Dividend

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

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.