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

Retirement Systems of Alabama lowered its stake in shares of EPR Properties (NYSE:EPR) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,983 shares of the real estate investment trust’s stock after selling 1,416 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of EPR Properties worth $4,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC raised its position in EPR Properties by 1,725.0% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 511 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 483 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of EPR Properties during the third quarter worth $27,000. Brooklyn Investment Group bought a new position in EPR Properties in the third quarter valued at about $27,000. Blue Trust Inc. raised its holdings in EPR Properties by 67.2% during the 3rd quarter. Blue Trust Inc. now owns 709 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 285 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in EPR Properties by 38.9% during the 3rd quarter. GAMMA Investing LLC now owns 825 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

EPR Properties Trading Down 0.0 %

NYSE EPR opened at $43.17 on Friday. EPR Properties has a one year low of $39.65 and a one year high of $50.26. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81. The firm has a market cap of $3.27 billion, a P/E ratio of 18.69 and a beta of 1.75. The stock’s 50-day moving average is $45.76 and its 200-day moving average is $45.13.

EPR Properties Announces Dividend

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

Analyst Ratings Changes

EPR has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. JMP Securities restated a “market perform” rating on shares of EPR Properties in a research report on Tuesday, September 24th. UBS Group began 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. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $47.00 target price (up previously from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EPR Properties has a consensus rating of “Hold” and an average price target of $48.28.

About EPR Properties

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.