EPR Properties (NYSE:EPR) Short Interest Down 8.4% in April

EPR Properties (NYSE:EPR) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,970,000 shares, a drop of 8.4% from the March 31st total of 2,150,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 685,900 shares, the days-to-cover ratio is currently 2.9 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EPR. Truist Financial decreased their price target on shares of EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Raymond James raised their price objective on shares of EPR Properties from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. KeyCorp upped their target price on shares of EPR Properties from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. JMP Securities lowered shares of EPR Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of EPR Properties from $48.00 to $51.00 and gave the stock a “sector perform” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.05.

EPR Properties Price Performance

NYSE:EPR traded up $0.04 during mid-day trading on Monday, hitting $41.03. The company’s stock had a trading volume of 709,467 shares, compared to its average volume of 648,537. The company has a current ratio of 7.53, a quick ratio of 7.53 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average of $41.55 and a 200-day moving average of $43.86. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 20.83 and a beta of 1.65. EPR Properties has a fifty-two week low of $39.65 and a fifty-two week high of $49.10.

EPR Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.285 dividend. This represents a $3.42 annualized dividend and a yield of 8.34%. The ex-dividend date is Monday, April 29th. EPR Properties’s dividend payout ratio is 173.60%.

Institutional Investors Weigh In On EPR Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of EPR Properties by 290.3% in the 4th quarter. Wellington Management Group LLP now owns 1,691,029 shares of the real estate investment trust’s stock worth $81,930,000 after acquiring an additional 1,257,791 shares in the last quarter. Rush Island Management LP grew its holdings in shares of EPR Properties by 1,022.5% during the third quarter. Rush Island Management LP now owns 1,026,081 shares of the real estate investment trust’s stock worth $42,623,000 after purchasing an additional 934,674 shares during the last quarter. Norges Bank acquired a new stake in shares of EPR Properties in the fourth quarter valued at $42,761,000. Allstate Corp bought a new position in shares of EPR Properties in the third quarter valued at about $3,263,000. Finally, Lighthouse Investment Partners LLC lifted its position in EPR Properties by 75.0% during the 4th quarter. Lighthouse Investment Partners LLC now owns 175,000 shares of the real estate investment trust’s stock worth $8,479,000 after buying an additional 75,000 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

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.