Teacher Retirement System of Texas Sells 11,996 Shares of EPR Properties (NYSE:EPR)

Teacher Retirement System of Texas trimmed its holdings in EPR Properties (NYSE:EPR - Free Report) by 34.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,446 shares of the real estate investment trust's stock after selling 11,996 shares during the period. Teacher Retirement System of Texas' holdings in EPR Properties were worth $1,181,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of EPR Properties during the 4th quarter worth $41,148,000. American Century Companies Inc. boosted its holdings in shares of EPR Properties by 44.6% during the 4th quarter. American Century Companies Inc. now owns 1,085,947 shares of the real estate investment trust's stock worth $48,086,000 after buying an additional 334,943 shares during the period. Raymond James Financial Inc. bought a new stake in shares of EPR Properties during the 4th quarter worth $13,145,000. Northern Trust Corp boosted its holdings in shares of EPR Properties by 30.6% during the 4th quarter. Northern Trust Corp now owns 844,940 shares of the real estate investment trust's stock worth $37,414,000 after buying an additional 198,019 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of EPR Properties by 12.3% during the 4th quarter. LSV Asset Management now owns 1,129,098 shares of the real estate investment trust's stock worth $49,996,000 after buying an additional 123,400 shares during the period. 74.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on EPR. Royal Bank Of Canada reiterated an "outperform" rating and set a $58.00 target price on shares of EPR Properties in a research note on Monday, May 19th. Wells Fargo & Company upped their target price 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. Raymond James Financial reiterated a "strong-buy" rating on shares of EPR Properties in a research note on Friday, May 23rd. UBS Group upped their target price on shares of EPR Properties from $56.00 to $62.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of EPR Properties from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.29.

EPR Properties Price Performance

Shares of EPR stock traded up $0.51 during mid-day trading on Wednesday, reaching $60.18. The company's stock had a trading volume of 691,946 shares, compared to its average volume of 635,514. EPR Properties has a 1-year low of $41.75 and a 1-year high of $61.25. The company has a market cap of $4.58 billion, a P/E ratio of 36.92, a PEG ratio of 4.66 and a beta of 1.27. The company has a debt-to-equity ratio of 1.20, a quick ratio of 8.28 and a current ratio of 8.28. The firm's 50-day moving average is $56.23 and its two-hundred day moving average is $51.29.

EPR Properties (NYSE:EPR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.05. The business had revenue of $146.36 million during the quarter, compared to analysts' expectations of $155.46 million. EPR Properties had a net margin of 21.13% and a return on equity of 6.30%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.12 EPS. On average, research analysts predict that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Dividend Announcement

The company also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.295 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Thursday, July 31st. EPR Properties's dividend payout ratio (DPR) is currently 217.18%.

Insider Activity

In related news, EVP Gregory E. Zimmerman sold 7,500 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $58.37, for a total transaction of $437,775.00. Following the completion of the sale, the executive vice president owned 103,877 shares in the company, valued at $6,063,300.49. This trade represents a 6.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.31% of the stock is owned by company insiders.

EPR Properties 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.