State of New Jersey Common Pension Fund D Acquires 10,000 Shares of EPR Properties (NYSE:EPR)

State of New Jersey Common Pension Fund D lifted its stake in EPR Properties (NYSE:EPR) by 31.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,674 shares of the real estate investment trust’s stock after purchasing an additional 10,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of EPR Properties worth $2,044,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in EPR Properties by 72.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,010 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 1,686 shares during the period. BNP Paribas Financial Markets grew its stake in EPR Properties by 55.4% in the first quarter. BNP Paribas Financial Markets now owns 22,216 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 7,923 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in EPR Properties by 205.7% during the 1st quarter. Russell Investments Group Ltd. now owns 96,379 shares of the real estate investment trust’s stock worth $4,091,000 after purchasing an additional 64,855 shares during the period. State Board of Administration of Florida Retirement System raised its position in EPR Properties by 0.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 87,338 shares of the real estate investment trust’s stock valued at $3,707,000 after purchasing an additional 418 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of EPR Properties by 64.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 23,843 shares of the real estate investment trust’s stock worth $997,000 after buying an additional 9,343 shares during the period. 74.66% of the stock is currently owned by institutional investors.

Insider Transactions at EPR Properties

In other EPR Properties news, CAO Tonya L. Mater sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $46.00, for a total transaction of $46,000.00. Following the sale, the chief accounting officer now owns 42,710 shares of the company’s stock, valued at approximately $1,964,660. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.13% of the company’s stock.

EPR Properties Stock Up 0.1 %

EPR Properties stock opened at $44.29 on Friday. EPR Properties has a 1-year low of $39.65 and a 1-year high of $50.26. The business has a fifty day moving average price of $47.47 and a 200-day moving average price of $44.54. 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 stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 19.17 and a beta of 1.76.

EPR Properties Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.285 dividend. This represents a yield of 7.8%. The ex-dividend date of this dividend is Friday, November 29th. EPR Properties’s dividend payout ratio is presently 148.05%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EPR. Wells Fargo & Company restated an “underweight” rating and set a $47.00 price target (up previously from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. JMP Securities restated a “market perform” rating on shares of EPR Properties in a report on Tuesday, September 24th. JPMorgan Chase & Co. increased their price objective on shares of EPR Properties from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Stifel Nicolaus boosted their price objective on shares of EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Raymond James raised EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, 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.