Spire Wealth Management boosted its stake in EPR Properties (NYSE:EPR – Free Report) by 64.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,293 shares of the real estate investment trust’s stock after buying an additional 900 shares during the quarter. Spire Wealth Management’s holdings in EPR Properties were worth $107,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EPR. Lazard Asset Management LLC purchased a new position in EPR Properties in the 1st quarter valued at about $28,000. VitalStone Financial LLC purchased a new position in EPR Properties in the 1st quarter worth approximately $50,000. Point72 Middle East FZE purchased a new position in EPR Properties in the 4th quarter worth approximately $59,000. Tower Research Capital LLC TRC lifted its stake in EPR Properties by 22.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 341 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in EPR Properties in the 2nd quarter worth approximately $77,000. 76.09% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at EPR Properties
In related news, CAO Tonya L. Mater sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $44.61, for a total value of $223,050.00. Following the completion of the sale, the chief accounting officer now directly owns 42,723 shares of the company’s stock, valued at $1,905,873.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.89% of the stock is owned by corporate insiders.
EPR Properties Stock Down 0.8 %
EPR Properties Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.275 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.30 dividend on an annualized basis and a yield of 7.24%. EPR Properties’s dividend payout ratio (DPR) is presently 170.98%.
Wall Street Analyst Weigh In
EPR has been the topic of a number of research reports. TheStreet raised shares of EPR Properties from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. Stifel Nicolaus decreased their target price on shares of EPR Properties from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. Wells Fargo & Company started coverage on shares of EPR Properties in a research report on Wednesday, September 20th. They set an “underweight” rating and a $40.00 price target on the stock. Truist Financial reduced their price target on shares of EPR Properties from $51.00 to $50.00 in a research report on Wednesday, August 30th. Finally, JMP Securities reduced their price target on shares of EPR Properties from $54.00 to $48.00 and set a “market outperform” rating on the stock in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, EPR Properties has an average rating of “Hold” and a consensus price target of $47.44.
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.
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