Maridea Wealth Management LLC Invests $510,000 in EPR Properties (NYSE:EPR)

Maridea Wealth Management LLC acquired a new stake in EPR Properties (NYSE:EPR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,510 shares of the real estate investment trust’s stock, valued at approximately $510,000.

Several other institutional investors have also added to or reduced their stakes in EPR. Brooklyn Investment Group bought a new position in EPR Properties in the third quarter valued at about $27,000. Synergy Investment Management LLC acquired a new stake in EPR Properties during the 4th quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in EPR Properties by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 1,127 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 302 shares during the last quarter. Principal Securities Inc. raised its position in shares of EPR Properties by 54.5% in the 4th quarter. Principal Securities Inc. now owns 1,296 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 457 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in EPR Properties in the fourth quarter worth approximately $60,000. 74.66% of the stock is currently owned by institutional investors and hedge funds.

EPR Properties Price Performance

EPR Properties stock opened at $51.66 on Friday. 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 has a one year low of $39.66 and a one year high of $54.25. The firm has a market capitalization of $3.93 billion, a P/E ratio of 22.37 and a beta of 1.72. The business has a fifty day moving average price of $49.77 and a 200-day moving average price of $47.40.

EPR Properties (NYSE:EPR) last posted its earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.56. The business had revenue of $149.12 million for the quarter, compared to analyst estimates of $161.25 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. As a group, equities research analysts forecast that EPR Properties will post 4.65 EPS for the current year.

EPR Properties Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.295 dividend. This is an increase 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%. The ex-dividend date of this dividend is Monday, March 31st. EPR Properties’s dividend payout ratio (DPR) is currently 221.25%.

Insider Activity

In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 3,900 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $54.02, for a total value of $210,678.00. Following the completion of the sale, the senior vice president now directly owns 8,216 shares of the company’s stock, valued at $443,828.32. The trade was a 32.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $51.99, for a total transaction of $129,975.00. Following the sale, the senior vice president now owns 15,299 shares of the company’s stock, valued at approximately $795,395.01. The trade was a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,520 shares of company stock worth $502,581. 2.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.