Cubist Systematic Strategies LLC Cuts Position in EPR Properties (NYSE:EPR)

Cubist Systematic Strategies LLC decreased its position in EPR Properties (NYSE:EPR) by 27.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,124 shares of the real estate investment trust’s stock after selling 24,405 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in EPR Properties were worth $2,650,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in EPR Properties in the second quarter valued at approximately $268,000. Marshall Wace LLP acquired a new position in EPR Properties in the second quarter worth $1,595,000. Thrivent Financial for Lutherans boosted its holdings in EPR Properties by 15.8% in the second quarter. Thrivent Financial for Lutherans now owns 275,347 shares of the real estate investment trust’s stock worth $11,559,000 after purchasing an additional 37,649 shares during the period. Sei Investments Co. boosted its holdings in EPR Properties by 8.1% in the second quarter. Sei Investments Co. now owns 10,239 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 768 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in EPR Properties by 77.4% in the second quarter. Pacer Advisors Inc. now owns 19,912 shares of the real estate investment trust’s stock worth $836,000 after purchasing an additional 8,688 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

EPR Properties Stock Down 0.2 %

EPR opened at $48.55 on Monday. EPR Properties has a 1-year low of $39.65 and a 1-year high of $50.26. The stock’s fifty day simple moving average is $46.48 and its 200 day simple moving average is $43.20. The company has a current ratio of 11.12, a quick ratio of 11.12 and a debt-to-equity ratio of 1.16. The stock has a market cap of $3.67 billion, a PE ratio of 23.92 and a beta of 1.75.

EPR Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.285 per share. This represents a $3.42 annualized dividend and a dividend yield of 7.04%. The ex-dividend date is Monday, September 30th. EPR Properties’s dividend payout ratio (DPR) is currently 168.47%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EPR shares. JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a research note on Tuesday, September 24th. Stifel Nicolaus boosted their price objective on EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a report on Thursday, August 1st. StockNews.com downgraded EPR Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, Raymond James upgraded EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.06.

Insider Transactions at EPR Properties

In other news, CAO Tonya L. Mater sold 1,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total transaction of $46,000.00. Following the sale, the chief accounting officer now directly owns 42,710 shares of the company’s stock, valued at approximately $1,964,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Tonya L. Mater sold 1,000 shares of the firm’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 sale, the chief accounting officer now directly owns 42,710 shares of the company’s stock, valued at $1,964,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $43.82, for a total value of $25,941.44. Following the completion of the sale, the senior vice president now directly owns 5,780 shares in the company, valued at $253,279.60. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by insiders.

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.