EPR Properties (NYSE:EPR) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in shares of EPR Properties (NYSE:EPR) by 31.6% in the third quarter, HoldingsChannel reports. The firm owned 41,674 shares of the real estate investment trust’s stock after acquiring an additional 10,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in EPR Properties were worth $2,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EPR. AQR Capital Management LLC lifted its stake in EPR Properties by 64.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,044,134 shares of the real estate investment trust’s stock valued at $43,279,000 after acquiring an additional 407,767 shares during the period. Renaissance Technologies LLC grew its position in EPR Properties by 23.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,177,586 shares of the real estate investment trust’s stock worth $49,435,000 after purchasing an additional 222,800 shares during the period. Swedbank AB acquired a new stake in EPR Properties during the 1st quarter worth about $7,429,000. Raymond James & Associates lifted its holdings in shares of EPR Properties by 398.0% in the 3rd quarter. Raymond James & Associates now owns 154,198 shares of the real estate investment trust’s stock valued at $7,562,000 after buying an additional 123,233 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of EPR Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 11,366,416 shares of the real estate investment trust’s stock valued at $482,504,000 after buying an additional 109,144 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.

EPR Properties Price Performance

NYSE:EPR opened at $44.29 on Friday. The firm has a market cap of $3.35 billion, a P/E ratio of 19.17 and a beta of 1.76. The stock has a 50 day moving average of $47.47 and a two-hundred day moving average of $44.54. EPR Properties has a 12 month low of $39.65 and a 12 month high of $50.26. 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 firm also recently announced a nov 24 dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.285 dividend. This represents a dividend yield of 7.8%. The ex-dividend date is Friday, November 29th. EPR Properties’s dividend payout ratio (DPR) is 148.05%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EPR. Stifel Nicolaus raised their target price on EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company reiterated an “underweight” rating and issued a $47.00 target price (up from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. UBS Group assumed coverage on shares of EPR Properties in a research report on Thursday. They set a “neutral” rating and a $48.00 price target on the stock. StockNews.com downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Raymond James upgraded EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.28.

Insider Activity

In other news, CAO Tonya L. Mater sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the sale, the chief accounting officer now directly owns 42,710 shares in the company, valued at $1,964,660. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.13% of the company’s stock.

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.