JPMorgan Chase & Co. Raises Position in EPR Properties (EPR)
JPMorgan Chase & Co. boosted its stake in shares of EPR Properties (NYSE:EPR) by 11.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,738 shares of the real estate investment trust’s stock after buying an additional 29,805 shares during the period. JPMorgan Chase & Co. owned approximately 0.44% of EPR Properties worth $20,670,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Pacad Investment Ltd. purchased a new stake in EPR Properties during the fourth quarter valued at $100,000. Penserra Capital Management LLC raised its stake in EPR Properties by 95.2% in the first quarter. Penserra Capital Management LLC now owns 1,472 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 718 shares during the period. Private Advisor Group LLC purchased a new stake in EPR Properties during the first quarter valued at $201,000. Park Avenue Securities LLC purchased a new stake in EPR Properties during the first quarter valued at $242,000. Finally, IFP Advisors Inc raised its stake in EPR Properties by 5.0% in the first quarter. IFP Advisors Inc now owns 3,318 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 157 shares during the period. 77.55% of the stock is currently owned by institutional investors.
Shares of EPR Properties (NYSE EPR) opened at 74.36 on Friday. EPR Properties has a 1-year low of $65.50 and a 1-year high of $84.67. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 23.61 and a beta of 0.56. The company’s 50 day moving average price is $71.52 and its 200-day moving average price is $72.83.
The business also recently announced a jun 17 dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.34 dividend. This represents a dividend yield of 5.46%. The ex-dividend date of this dividend is Wednesday, June 28th. EPR Properties’s payout ratio is 129.52%.
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Several analysts have weighed in on EPR shares. Stifel Nicolaus upped their target price on EPR Properties to $80.00 in a report on Wednesday, March 1st. ValuEngine lowered EPR Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of EPR Properties in a research note on Thursday, May 18th. Zacks Investment Research lowered EPR Properties from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Finally, BidaskClub raised EPR Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.29.
In related news, Director Peter C. Brown sold 7,907 shares of EPR Properties stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $71.49, for a total value of $565,271.43. Following the transaction, the director now directly owns 4,578 shares in the company, valued at approximately $327,281.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Druten sold 9,000 shares of EPR Properties stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $70.30, for a total value of $632,700.00. Following the completion of the transaction, the director now owns 22,304 shares in the company, valued at $1,567,971.20. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
EPR Properties Company Profile
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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