The real estate market is one of the most dynamic and complex sectors of the global economy. Hence, it is crucial for investors to monitor shifts in holdings made by established firms in this field. Recently, abrdn plc, a financial services company, made news by trimming its holdings in EPR Properties (NYSE:EPR) by 20.8% in the fourth quarter of last year.
Before delving into abrdn plc’s actions, let us first understand EPR Properties as an entity. Established as a Real Estate Investment Trust (REIT), EPR Properties specializes in the development, finance, and leasing of theaters, entertainment retail outlets, and family entertainment centers across various segments. The firm operates through three principal sections – experiential, education, and corporate/unallocated; demonstrating diversity within its business model.
Coming back to abrdn plc’s recent decision to trim its earnings – the company owned 13,286 shares initially but sold off 3,499 shares of EPR Properties’ stock during the aforementioned period that ended recently. This translates into a significant 20.8% reduction! It must be noted that this selling indicates only a part of the story as these transactions are commonly analyzed alongside other securities filings.
However interestingly enough despite selling its shares abrdn plc holds $501k worth of EPR property stocks at the end of Q4 2020. Moreover another important point to remember is that early June saw EPR Properties announce their monthly dividend payment policy for June with dividends amounting to $0.275 paid per share held by shareholders on record on May 31st. The payout reflects an annualized yield of $3.30 and thus technically making for an attractive investment opportunity offering passive income streams.
In conclusion; while data regarding holdings can change rapidly hence highlighting how vital monitoring financial data is; currently investing in REIT such as EPR Properties can prove profitable; matured in the market with diverse business operations, and most recently a passive income stream being established.
Hedge funds and institutional investors increase shareholdings in EPR Properties
EPR Properties, a real estate investment trust, has seen several hedge funds and institutional investors modify their holdings in the company. Vanguard Group Inc., State Street Corp, Prudential Financial Inc., PGGM Investments, and Charles Schwab Investment Management Inc. have all increased their shareholdings in EPR Properties over recent months.
Vanguard Group Inc. now owns 11,272,904 shares of the company’s stock worth $404,247,000 – an increase of 0.5% compared to the third quarter – while State Street Corp boosted its position by 14.6% in Q1 to own 4,114,285 shares worth $226,203,000. Prudential Financial Inc also upped its stake by 24.5% during Q1 and owns 1,708,349 shares worth $93,463,000.
PGGM Investments is a new holder of EPR Properties’ stock after purchasing a position worth $48,027,million during Q3 whilst Charles Schwab Investment Management also increased its position by 5.3% during Q1.
Institutional investors and hedge funds now own just over three-quarters (77.57%) of the NYSE-listed firm’s stock.
Shares of EPR opened at $41.28 on Friday with a market cap of $3.11billon and a P/E ratio of 18.51 as well as a beta of 1.66.
Over recent months EPR has been the subject of reports from several research analysts; StockNews.com assumed coverage on May 18th rating it “hold” while JMP Securities initiated coverage rating it “market perform”. Currently data obtained by Bloomberg reveals that one analyst classifies the stock as strong buy with another rating it moderate buy; four analysts have a consensus hold rating.
Investor confidence still runs high for this real estate investment trust despite fluctuating results over the last 12 months which has seen its share price vary from $33.92 to $55.90 .
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