JT Stratford LLC Has $1.19 Million Holdings in EPR Properties (NYSE:EPR)

11 Dec 2023, 10:36 by Teresa Graham · The Cerbat Gem

JT Stratford LLC decreased its position in EPR Properties (NYSE:EPR – Free Report) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 25,505 shares of the real estate investment trust’s stock after selling 852 shares during the period. JT Stratford LLC’s holdings in EPR Properties were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in EPR Properties in the 4th quarter valued at $30,670,000. Millennium Management LLC increased its position in EPR Properties by 489.9% during the fourth quarter. Millennium Management LLC now owns 827,848 shares of the real estate investment trust’s stock worth $31,226,000 after acquiring an additional 687,512 shares during the period. State Street Corp raised its stake in EPR Properties by 14.6% in the 1st quarter. State Street Corp now owns 4,114,285 shares of the real estate investment trust’s stock worth $226,203,000 after purchasing an additional 523,061 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in EPR Properties by 903.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 556,189 shares of the real estate investment trust’s stock valued at $2,044,000 after purchasing an additional 500,745 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of EPR Properties by 24.5% during the 1st quarter. Prudential Financial Inc. now owns 1,708,349 shares of the real estate investment trust’s stock worth $93,463,000 after purchasing an additional 336,729 shares in the last quarter. Institutional investors own 76.09% of the company’s stock.

EPR Properties Price Performance

EPR Properties stock traded up $0.55 during midday trading on Monday, reaching $45.82. The company’s stock had a trading volume of 39,604 shares, compared to its average volume of 568,270. The company has a current ratio of 8.55, a quick ratio of 8.55 and a debt-to-equity ratio of 1.14. The stock has a market cap of $3.45 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 7.75 and a beta of 1.65. EPR Properties has a 52 week low of $33.92 and a 52 week high of $47.71. The business has a 50-day moving average price of $43.64 and a 200-day moving average price of $43.97.

EPR Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.275 per share. This represents a $3.30 annualized dividend and a dividend yield of 7.20%. The ex-dividend date of this dividend is Wednesday, November 29th. EPR Properties’s dividend payout ratio (DPR) is presently 170.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Truist Financial dropped their price target on shares of EPR Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research report on Monday, November 27th. StockNews.com initiated coverage on EPR Properties in a research report on Thursday, October 5th. They set a “hold” rating for the company. Wells Fargo & Company assumed coverage on EPR Properties in a report on Wednesday, September 20th. They set an “underweight” rating and a $40.00 target price on the stock. JMP Securities dropped their price target on EPR Properties from $54.00 to $48.00 and set a “market outperform” rating for the company in a research note on Monday, October 30th. Finally, Stifel Nicolaus reduced their price objective on shares of EPR Properties from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, EPR Properties currently has an average rating of “Hold” and a consensus price target of $47.31.

Get Our Latest Research Report on EPR Properties

Insider Buying and Selling

In other EPR Properties news, Director Lisa G. Trimberger sold 5,933 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $46.39, for a total value of $275,231.87. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.89% of the stock is owned by corporate insiders.

EPR Properties Company Profile

(Free Report)

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.