Corebridge Financial Inc. Sells 3,851 Shares of EPR Properties (NYSE:EPR)

Corebridge Financial Inc. decreased its position in shares of EPR Properties (NYSE:EPR) by 4.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 85,684 shares of the real estate investment trust’s stock after selling 3,851 shares during the quarter. Corebridge Financial Inc.’s holdings in EPR Properties were worth $3,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in EPR. 1620 Investment Advisors Inc. lifted its holdings in EPR Properties by 1.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 15,071 shares of the real estate investment trust’s stock worth $667,000 after purchasing an additional 219 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of EPR Properties by 5.9% during the fourth quarter. Global Retirement Partners LLC now owns 4,117 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 228 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of EPR Properties by 1.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,739 shares of the real estate investment trust’s stock worth $608,000 after buying an additional 249 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of EPR Properties by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 44,677 shares of the real estate investment trust’s stock worth $1,977,000 after acquiring an additional 251 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $50,000 after acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial raised their price objective on EPR Properties from $51.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, March 24th. Stifel Nicolaus raised their price target on 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 EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company increased their target price on EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EPR Properties presently has an average rating of “Hold” and a consensus price target of $51.00.

Insider Transactions at EPR Properties

In other EPR Properties news, SVP Brian Andrew Moriarty sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.99, for a total transaction of $129,975.00. Following the sale, the senior vice president now directly owns 15,299 shares of the company’s stock, valued at approximately $795,395.01. This trade represents a 14.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tonya L. Mater sold 3,120 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the transaction, the chief accounting officer now directly owns 46,827 shares of the company’s stock, valued at approximately $2,430,321.30. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,520 shares of company stock worth $502,581 over the last three months. 2.13% of the stock is currently owned by insiders.

EPR Properties Stock Performance

Shares of EPR Properties stock opened at $51.66 on Monday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 22.37 and a beta of 1.72. EPR Properties has a 52 week low of $39.66 and a 52 week high of $54.25. 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 company has a 50 day moving average price of $49.77 and a 200 day moving average price of $47.40.

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

EPR Properties Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.295 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29. This represents a $3.54 dividend on an annualized basis and a dividend yield of 6.85%. EPR Properties’s dividend payout ratio is currently 221.25%.

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.