EPR Properties (NYSE:EPR) announced a dividend on Thursday, May 16th, Fidelity reports. Investors of record on Friday, May 31st will be paid a dividend of 0.375 per share by the real estate investment trust on Wednesday, July 17th. The ex-dividend date of this dividend is Thursday, May 30th.
EPR Properties has raised its dividend payment by an average of 9.1% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. EPR Properties has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EPR Properties to earn $5.62 per share next year, which means the company should continue to be able to cover its $4.50 annual dividend with an expected future payout ratio of 80.1%.
Shares of NYSE EPR traded up $0.66 during trading hours on Friday, reaching $79.48. The stock had a trading volume of 666,893 shares, compared to its average volume of 416,208. EPR Properties has a fifty-two week low of $59.80 and a fifty-two week high of $80.20. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 1.05. The stock has a market cap of $5.86 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.69.
EPR has been the subject of a number of recent research reports. ValuEngine raised EPR Properties from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Raymond James increased their target price on EPR Properties from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Finally, Stifel Nicolaus increased their target price on EPR Properties from $76.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $75.08.
In related news, Director Robin Peppe Sterneck sold 860 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $72.60, for a total value of $62,436.00. Following the completion of the transaction, the director now directly owns 1,882 shares of the company’s stock, valued at approximately $136,633.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Tonya L. Mater sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $77.87, for a total value of $77,870.00. Following the completion of the transaction, the vice president now directly owns 31,262 shares of the company’s stock, valued at $2,434,371.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,366 shares of company stock valued at $563,373. Company insiders own 1.34% of the company’s stock.
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About EPR Properties
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.
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