JPMorgan Chase & Co. grew its position in shares of EPR Properties (NYSE:EPR) by 27.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 285,054 shares of the real estate investment trust’s stock after purchasing an additional 61,477 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.38% of EPR Properties worth $19,500,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in EPR. Independent Advisor Alliance bought a new position in EPR Properties during the 3rd quarter worth approximately $218,000. Arizona State Retirement System grew its position in EPR Properties by 17.6% during the 3rd quarter. Arizona State Retirement System now owns 52,791 shares of the real estate investment trust’s stock worth $3,611,000 after acquiring an additional 7,900 shares during the last quarter. William Blair Investment Management LLC grew its position in EPR Properties by 6.7% during the 3rd quarter. William Blair Investment Management LLC now owns 17,540 shares of the real estate investment trust’s stock worth $1,200,000 after acquiring an additional 1,108 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of EPR Properties by 49.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,136 shares of the real estate investment trust’s stock worth $831,000 after buying an additional 4,013 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of EPR Properties by 70.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,759 shares of the real estate investment trust’s stock worth $531,000 after buying an additional 3,205 shares during the last quarter. Hedge funds and other institutional investors own 87.01% of the company’s stock.
A number of research firms have recently commented on EPR. Royal Bank of Canada restated a “buy” rating and issued a $73.00 target price on shares of EPR Properties in a research note on Monday, November 26th. Citigroup raised their target price on EPR Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research cut EPR Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. JPMorgan Chase & Co. upgraded EPR Properties from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Finally, Raymond James upgraded EPR Properties from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Thursday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $71.19.
Shares of NYSE:EPR opened at $73.90 on Monday. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 4.16 and a beta of 0.70. EPR Properties has a 12-month low of $51.87 and a 12-month high of $74.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 5.57 and a quick ratio of 5.57.
The business also recently disclosed a feb 19 dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.375 per share. This is a boost from EPR Properties’s previous feb 19 dividend of $0.36. The ex-dividend date is Wednesday, January 30th. This represents a yield of 6.41%. EPR Properties’s payout ratio is presently 89.64%.
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EPR Properties Profile
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
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