Franklin Resources Inc. Sells 79,346 Shares of EPR Properties (NYSE:EPR)

Franklin Resources Inc. cut its position in EPR Properties (NYSE:EPR) by 50.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,018 shares of the real estate investment trust’s stock after selling 79,346 shares during the quarter. Franklin Resources Inc. owned approximately 0.10% of EPR Properties worth $3,855,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Abich Financial Wealth Management LLC grew its position in shares of EPR Properties by 1,725.0% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 511 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 483 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in EPR Properties in the third quarter worth $27,000. Brooklyn Investment Group purchased a new position in EPR Properties in the third quarter worth $27,000. Blue Trust Inc. increased its position in shares of EPR Properties by 67.2% during the third 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of EPR Properties by 38.9% during the 3rd quarter. GAMMA Investing LLC now owns 825 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 231 shares during the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on EPR shares. JMP Securities reaffirmed a “market perform” rating on shares of EPR Properties in a research 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 report on Monday, September 9th. Wells Fargo & Company reissued an “underweight” rating and set a $47.00 target price (up previously from $45.00) on shares of EPR Properties in a research report on Tuesday, October 1st. Finally, UBS Group initiated coverage on shares of EPR Properties in a report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.28.

EPR Properties Stock Up 0.3 %

EPR Properties stock opened at $43.79 on Wednesday. The business’s 50-day moving average price is $45.56 and its 200 day moving average price is $45.22. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 18.96 and a beta of 1.75. EPR Properties has a 52 week low of $39.65 and a 52 week high of $50.26.

EPR Properties Dividend Announcement

The company also recently announced a dec 24 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.285 per share. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Tuesday, December 31st. EPR Properties’s dividend payout ratio (DPR) is 148.05%.

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.