Thrivent Financial for Lutherans Sells 24,114 Shares of EPR Properties (NYSE:EPR)

Thrivent Financial for Lutherans lowered its holdings in shares of EPR Properties (NYSE:EPR) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,233 shares of the real estate investment trust’s stock after selling 24,114 shares during the quarter. Thrivent Financial for Lutherans owned 0.33% of EPR Properties worth $12,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of 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 purchasing an additional 407,767 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of EPR Properties by 23.3% in the second quarter. Renaissance Technologies LLC now owns 1,177,586 shares of the real estate investment trust’s stock valued at $49,435,000 after acquiring an additional 222,800 shares during the period. Swedbank AB bought a new stake in shares of EPR Properties in the 1st quarter worth about $7,429,000. Raymond James & Associates boosted its stake in shares of EPR Properties by 398.0% during the 3rd quarter. Raymond James & Associates now owns 154,198 shares of the real estate investment trust’s stock worth $7,562,000 after purchasing an additional 123,233 shares during the period. Finally, Vanguard Group Inc. grew its holdings in EPR Properties by 1.0% during 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 purchasing an additional 109,144 shares during the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

EPR Properties Price Performance

NYSE EPR opened at $44.81 on Friday. The company has a market cap of $3.39 billion, a PE ratio of 19.16 and a beta of 1.76. The firm’s 50 day moving average price is $47.22 and its 200-day moving average price is $44.65. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. EPR Properties has a 52-week low of $39.65 and a 52-week high of $50.26.

EPR Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EPR. Royal Bank of Canada raised shares of EPR Properties from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $48.00 to $50.00 in a research note on Monday, August 5th. UBS Group initiated coverage on shares of EPR Properties in a research note on Thursday, November 14th. They set a “neutral” rating and a $48.00 target price for the company. StockNews.com downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James raised shares of EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $47.00 target price (up from $45.00) on shares of EPR Properties in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $48.28.

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.