Retirement Systems of Alabama Sells 1,416 Shares of EPR Properties (NYSE:EPR)

Retirement Systems of Alabama cut its position in shares of EPR Properties (NYSE:EPR) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,983 shares of the real estate investment trust’s stock after selling 1,416 shares during the quarter. Retirement Systems of Alabama’s holdings in EPR Properties were worth $4,511,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in shares of EPR Properties by 2.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 54,306 shares of the real estate investment trust’s stock worth $2,295,000 after acquiring an additional 1,484 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EPR Properties by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,349,900 shares of the real estate investment trust’s stock worth $66,199,000 after purchasing an additional 54,567 shares in the last quarter. Texas Permanent School Fund Corp grew its position in EPR Properties by 36.7% in the second quarter. Texas Permanent School Fund Corp now owns 90,099 shares of the real estate investment trust’s stock valued at $3,782,000 after purchasing an additional 24,172 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in EPR Properties in the 3rd quarter valued at $3,285,000. Finally, Algert Global LLC lifted its position in EPR Properties by 58.6% during the 3rd quarter. Algert Global LLC now owns 140,626 shares of the real estate investment trust’s stock worth $6,896,000 after buying an additional 51,980 shares in the last quarter. 74.66% of the stock is currently owned by institutional investors.

EPR Properties Stock Performance

Shares of NYSE EPR opened at $43.17 on Friday. EPR Properties has a 12 month low of $39.65 and a 12 month high of $50.26. The stock has a 50 day moving average of $45.76 and a 200-day moving average of $45.13. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $3.27 billion, a P/E ratio of 18.69 and a beta of 1.75.

EPR Properties Announces Dividend

The business also recently disclosed a dec 24 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.285 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 7.6%. EPR Properties’s dividend payout ratio is currently 148.05%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EPR shares. UBS Group started coverage on EPR Properties in a report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 price objective for the company. JMP Securities restated a “market perform” rating on shares of EPR Properties in a research note on Tuesday, September 24th. Wells Fargo & Company reiterated an “underweight” rating and set a $47.00 price objective (up previously from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of EPR Properties from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.