EPR Properties (NYSE:EPR) Announces Monthly Dividend of $0.29

EPR Properties (NYSE:EPR) announced a monthly dividend on Thursday, September 12th, NASDAQ reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.285 per share by the real estate investment trust on Tuesday, October 15th. This represents a $3.42 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Monday, September 30th.

EPR Properties has increased its dividend payment by an average of 29.6% annually over the last three years. EPR Properties has a payout ratio of 128.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect EPR Properties to earn $4.82 per share next year, which means the company should continue to be able to cover its $3.42 annual dividend with an expected future payout ratio of 71.0%.

EPR Properties Stock Up 2.2 %

Shares of EPR stock traded up $1.06 during mid-day trading on Friday, hitting $48.73. 501,627 shares of the stock traded hands, compared to its average volume of 613,120. The stock has a market cap of $3.69 billion, a P/E ratio of 24.01 and a beta of 1.75. The stock’s fifty day moving average is $45.17 and its two-hundred day moving average is $42.67. EPR Properties has a 52-week low of $39.65 and a 52-week high of $49.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 11.12 and a quick ratio of 11.12.

Insider Activity at EPR Properties

In related news, CAO Tonya L. Mater sold 1,000 shares of EPR Properties stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $46.00, for a total value of $46,000.00. Following the sale, the chief accounting officer now owns 42,710 shares of the company’s stock, valued at approximately $1,964,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Tonya L. Mater sold 1,000 shares of EPR Properties stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $46.00, for a total value of $46,000.00. Following the sale, the chief accounting officer now owns 42,710 shares of the company’s stock, valued at approximately $1,964,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $43.82, for a total value of $25,941.44. Following the completion of the transaction, the senior vice president now owns 5,780 shares in the company, valued at approximately $253,279.60. The disclosure for this sale can be found here. 2.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EPR has been the subject of several research analyst reports. Bank of America downgraded shares of EPR Properties from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $45.00 to $40.00 in a report on Monday, May 20th. Truist Financial increased their price target on shares of EPR Properties from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Raymond James upgraded shares of EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a report on Wednesday, August 21st. Royal Bank of Canada upgraded shares of EPR Properties from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $50.00 in a report on Monday, August 5th. Finally, Stifel Nicolaus increased their price target on shares of EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EPR Properties has an average rating of “Hold” and an average price target of $48.06.

About EPR Properties

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.