Wellington Management Group LLP Raises Stake in EPR Properties (NYSE:EPR)

Wellington Management Group LLP boosted its position in EPR Properties (NYSE:EPR) by 290.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,691,029 shares of the real estate investment trust’s stock after buying an additional 1,257,791 shares during the quarter. Wellington Management Group LLP owned approximately 2.23% of EPR Properties worth $81,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of EPR Properties during the fourth quarter valued at approximately $25,000. Principal Securities Inc. purchased a new stake in shares of EPR Properties during the fourth quarter valued at approximately $31,000. Venturi Wealth Management LLC boosted its stake in shares of EPR Properties by 59.5% during the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 307 shares during the period. Global Retirement Partners LLC boosted its stake in shares of EPR Properties by 37.8% during the fourth quarter. Global Retirement Partners LLC now owns 3,286 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 901 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of EPR Properties by 10.9% during the fourth quarter. Signaturefd LLC now owns 3,939 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 388 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EPR. StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Truist Financial decreased their target price on EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, March 22nd. JMP Securities restated a “market perform” rating on shares of EPR Properties in a report on Friday, June 14th. Royal Bank of Canada decreased their target price on EPR Properties from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Tuesday, May 28th. Finally, Bank of America downgraded EPR Properties from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $45.00 to $40.00 in a report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.25.

EPR Properties Price Performance

EPR opened at $40.81 on Friday. The stock has a fifty day simple moving average of $41.06 and a two-hundred day simple moving average of $43.11. The company has a current ratio of 8.45, a quick ratio of 8.45 and a debt-to-equity ratio of 1.15. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 20.10 and a beta of 1.68. EPR Properties has a 12-month low of $39.65 and a 12-month high of $49.10.

EPR Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.42 dividend on an annualized basis and a yield of 8.38%. EPR Properties’s dividend payout ratio (DPR) is 168.47%.

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.