Principal Financial Group Inc. Cuts Stake in EPR Properties (NYSE:EPR)

Principal Financial Group Inc. trimmed its stake in EPR Properties (NYSE:EPR) by 30.5% in the third quarter, Holdings Channel.com reports. The firm owned 175,263 shares of the real estate investment trust’s stock after selling 76,769 shares during the quarter. Principal Financial Group Inc.’s holdings in EPR Properties were worth $8,595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPR. GAMMA Investing LLC increased its stake in EPR Properties by 38.9% during the third quarter. GAMMA Investing LLC now owns 825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 231 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of 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 period. Signaturefd LLC increased its position in EPR Properties by 16.1% during the 3rd quarter. Signaturefd LLC now owns 2,360 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 328 shares in the last quarter. 1620 Investment Advisors Inc. raised its holdings in EPR Properties by 2.3% in the third quarter. 1620 Investment Advisors Inc. now owns 14,852 shares of the real estate investment trust’s stock valued at $728,000 after buying an additional 341 shares during the period. Finally, Private Advisor Group LLC lifted its position in EPR Properties by 2.2% during the third quarter. Private Advisor Group LLC now owns 16,297 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

EPR Properties Price Performance

Shares of NYSE EPR opened at $44.28 on Wednesday. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. EPR Properties has a fifty-two week low of $39.65 and a fifty-two week high of $50.26. The business has a 50 day moving average price of $45.02 and a two-hundred day moving average price of $45.38. The firm has a market cap of $3.35 billion, a PE ratio of 19.17 and a beta of 1.75.

EPR Properties Dividend Announcement

The business also recently declared a dec 24 dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid 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 (DPR) is presently 148.05%.

Wall Street Analysts Forecast Growth

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