EPR Properties (NYSE:EPR) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,038,000 shares, an increase of 6.4% from the June 30th total of 1,915,800 shares. Based on an average trading volume of 449,900 shares, the days-to-cover ratio is currently 4.5 days. Approximately 2.8% of the company’s shares are sold short.
In other EPR Properties news, VP Tonya L. Mater sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $77.87, for a total value of $77,870.00. Following the completion of the transaction, the vice president now directly owns 31,262 shares in the company, valued at approximately $2,434,371.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Craig L. Evans sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $76.57, for a total transaction of $382,850.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,459 shares of company stock valued at $1,031,540. Corporate insiders own 1.34% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of EPR. Dimensional Fund Advisors LP lifted its position in EPR Properties by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,602 shares of the real estate investment trust’s stock worth $74,250,000 after purchasing an additional 7,086 shares during the period. Virtu Financial LLC lifted its position in EPR Properties by 101.4% in the first quarter. Virtu Financial LLC now owns 9,052 shares of the real estate investment trust’s stock worth $696,000 after purchasing an additional 4,557 shares during the period. Louisiana State Employees Retirement System lifted its position in EPR Properties by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the real estate investment trust’s stock worth $1,546,000 after purchasing an additional 400 shares during the period. Retirement Systems of Alabama lifted its position in EPR Properties by 1.3% in the first quarter. Retirement Systems of Alabama now owns 97,509 shares of the real estate investment trust’s stock worth $7,498,000 after purchasing an additional 1,223 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new stake in EPR Properties in the first quarter worth approximately $151,000. 83.10% of the stock is currently owned by institutional investors and hedge funds.
EPR Properties (NYSE:EPR) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.52). The firm had revenue of $175.70 million for the quarter, compared to analyst estimates of $168.46 million. EPR Properties had a return on equity of 9.81% and a net margin of 41.51%. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 earnings per share. As a group, equities analysts anticipate that EPR Properties will post 5.42 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.375 per share. This represents a $4.50 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend is Thursday, August 29th. EPR Properties’s dividend payout ratio is presently 73.77%.
Several equities research analysts have recently weighed in on the stock. Bank of America cut shares of EPR Properties from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research report on Tuesday, June 11th. Royal Bank of Canada increased their price objective on shares of EPR Properties to $83.00 in a research report on Tuesday, May 28th. ValuEngine cut shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Raymond James set a $84.00 price objective on shares of EPR Properties and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus increased their price objective on shares of EPR Properties from $76.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. EPR Properties currently has a consensus rating of “Hold” and a consensus price target of $78.83.
EPR Properties Company 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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