Cornercap Investment Counsel Inc. Cuts Stock Holdings in EPR Properties (NYSE:EPR)

Cornercap Investment Counsel Inc. reduced its position in EPR Properties (NYSE:EPR) by 80.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,522 shares of the real estate investment trust’s stock after selling 18,195 shares during the period. Cornercap Investment Counsel Inc.’s holdings in EPR Properties were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of EPR Properties by 1.0% during the first 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 in the last quarter. Renaissance Technologies LLC raised its position in EPR Properties by 23.3% in 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 buying an additional 222,800 shares during the last quarter. LSV Asset Management lifted its stake in EPR Properties by 0.5% during the 2nd quarter. LSV Asset Management now owns 1,139,494 shares of the real estate investment trust’s stock valued at $47,836,000 after acquiring an additional 5,140 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of EPR Properties by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,106,593 shares of the real estate investment trust’s stock valued at $46,454,000 after acquiring an additional 53,997 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of EPR Properties by 64.1% in the second quarter. AQR Capital Management LLC now owns 1,044,134 shares of the real estate investment trust’s stock worth $43,279,000 after acquiring an additional 407,767 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

EPR Properties Stock Up 0.4 %

EPR stock opened at $44.45 on Tuesday. The business’s 50-day moving average price is $47.41 and its 200-day moving average price is $44.62. The stock has a market cap of $3.37 billion, a P/E ratio of 19.24 and a beta of 1.76. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. EPR Properties has a twelve month low of $39.65 and a twelve month high of $50.26.

EPR Properties Dividend Announcement

The company also recently declared a nov 24 dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given 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 payout ratio is currently 148.05%.

Insider Transactions at EPR Properties

In other news, CAO Tonya L. Mater sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 42,710 shares of the company’s stock, valued at $1,964,660. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EPR. UBS Group initiated coverage on shares of EPR Properties in a research report on Thursday, November 14th. They set a “neutral” rating and a $48.00 price objective on the stock. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James raised EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price objective on EPR Properties from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, Stifel Nicolaus raised their target price on EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Two equities research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.28.

EPR Properties Company 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.