Primecap Management Co. CA Cuts Stock Holdings in EPR Properties (NYSE:EPR)

Primecap Management Co. CA lessened its holdings in EPR Properties (NYSE:EPR) by 2.0% during the third quarter, Holdings Channel.com reports. The firm owned 129,260 shares of the real estate investment trust’s stock after selling 2,640 shares during the quarter. Primecap Management Co. CA’s holdings in EPR Properties were worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPR. Nisa Investment Advisors LLC boosted its stake in shares of EPR Properties by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 54,306 shares of the real estate investment trust’s stock valued at $2,295,000 after buying an additional 1,484 shares in the last quarter. Vanguard Group Inc. lifted its holdings in EPR Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 11,366,416 shares of the real estate investment trust’s stock valued at $482,504,000 after acquiring an additional 109,144 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of EPR Properties by 48.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,346 shares of the real estate investment trust’s stock worth $2,605,000 after purchasing an additional 19,992 shares in the last quarter. Boston Partners acquired a new position in shares of EPR Properties during the 1st quarter worth $517,000. Finally, Texas Permanent School Fund Corp increased its holdings in shares of EPR Properties by 36.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 90,099 shares of the real estate investment trust’s stock valued at $3,782,000 after purchasing an additional 24,172 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

EPR Properties Price Performance

NYSE:EPR opened at $45.00 on Friday. EPR Properties has a 12-month low of $39.65 and a 12-month high of $50.26. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 19.48 and a beta of 1.76. The company’s 50-day moving average is $47.16 and its two-hundred day moving average is $44.65. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19.

EPR Properties Dividend Announcement

The company also recently disclosed a nov 24 dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.285 per share. This represents a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, November 29th. EPR Properties’s payout ratio is 148.05%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EPR. UBS Group initiated coverage on shares of EPR Properties in a research report on Thursday, November 14th. They set a “neutral” rating and a $48.00 target price on the stock. Raymond James raised EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, August 21st. Stifel Nicolaus boosted their target price on EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Truist Financial raised their price target on EPR Properties from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Finally, JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EPR Properties presently has an average rating of “Hold” and a consensus price target of $48.28.

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.