EPR Properties (NYSE:EPR) Releases FY24 Earnings Guidance

EPR Properties (NYSE:EPR) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.76-4.96 for the period, compared to the consensus estimate of $4.85.

EPR Properties Stock Down 1.0 %

NYSE:EPR traded down $0.44 during trading hours on Wednesday, reaching $45.00. The company’s stock had a trading volume of 849,210 shares, compared to its average volume of 626,007. The company has a market capitalization of $3.41 billion, a P/E ratio of 22.53 and a beta of 1.73. EPR Properties has a 12 month low of $39.65 and a 12 month high of $49.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 8.45 and a current ratio of 8.45. The stock has a 50 day moving average price of $41.91 and a two-hundred day moving average price of $42.17.

EPR Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.285 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date is Wednesday, July 31st. EPR Properties’s payout ratio is presently 168.47%.

Wall Street Analyst Weigh In

EPR has been the topic of several recent research reports. StockNews.com raised shares of EPR Properties from a hold rating to a buy rating in a report on Friday, July 19th. Bank of America lowered shares of EPR Properties from a neutral rating to an underperform rating and lowered their price target for the company from $45.00 to $40.00 in a report on Monday, May 20th. JMP Securities reaffirmed a market perform rating on shares of EPR Properties in a report on Friday, June 14th. Finally, Royal Bank of Canada lowered their price target on shares of EPR Properties from $49.00 to $48.00 and set a sector perform rating on the stock in a report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, EPR Properties has an average rating of Hold and an average target price of $47.00.

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.