Maridea Wealth Management LLC Acquires Shares of 11,510 EPR Properties (NYSE:EPR)

Maridea Wealth Management LLC bought a new position in shares of EPR Properties (NYSE:EPR) in the fourth quarter, HoldingsChannel reports. The firm bought 11,510 shares of the real estate investment trust’s stock, valued at approximately $510,000.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in EPR Properties by 4.2% in the 3rd 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 buying an additional 54,567 shares during the period. Cerity Partners LLC raised its holdings in shares of EPR Properties by 31.1% during the third quarter. Cerity Partners LLC now owns 19,022 shares of the real estate investment trust’s stock valued at $933,000 after acquiring an additional 4,507 shares in the last quarter. Quantbot Technologies LP purchased a new stake in EPR Properties in the third quarter worth $1,071,000. Brooklyn Investment Group bought a new stake in EPR Properties in the third quarter valued at $27,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in EPR Properties by 304.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,621 shares of the real estate investment trust’s stock valued at $22,442,000 after purchasing an additional 344,544 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

EPR Properties Trading Up 0.7 %

Shares of NYSE:EPR opened at $51.66 on Friday. EPR Properties has a 1 year low of $39.66 and a 1 year high of $54.25. The stock’s fifty day moving average price is $49.77 and its 200-day moving average price is $47.40. The company has a market cap of $3.93 billion, a P/E ratio of 22.37 and a beta of 1.72. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The firm had revenue of $149.12 million for the quarter, compared to the consensus estimate of $161.25 million. Sell-side analysts expect that EPR Properties will post 4.65 earnings per share for the current year.

EPR Properties Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.295 per share. The ex-dividend date is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.54 dividend on an annualized basis and a yield of 6.85%. EPR Properties’s payout ratio is currently 221.25%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EPR. Truist Financial lifted their price objective on EPR Properties from $51.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, March 24th. Stifel Nicolaus upped their price target on EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, February 27th. Wells Fargo & Company increased their price objective on EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. Finally, Royal Bank of Canada boosted their target price on shares of EPR Properties from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.00.

Insider Buying and Selling at EPR Properties

In other news, SVP Gwendolyn Mary Johnson sold 3,900 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $54.02, for a total transaction of $210,678.00. Following the completion of the sale, the senior vice president now owns 8,216 shares of the company’s stock, valued at $443,828.32. This represents a 32.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the completion of the transaction, the senior vice president now directly owns 15,299 shares in the company, valued at approximately $795,395.01. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,520 shares of company stock worth $502,581. Insiders own 2.13% of the company’s stock.

EPR Properties 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.