EPR Properties (EPR) To Go Ex-Dividend on March 31st

EPR Properties (NYSE:EPR) announced a monthly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.295 per share by the real estate investment trust on Tuesday, April 15th. This represents a $3.54 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date is Monday, March 31st. This is a 3.5% increase from EPR Properties’s previous monthly dividend of $0.29.

EPR Properties has raised its dividend by an average of 23.5% per year over the last three years. EPR Properties has a payout ratio of 122.9% indicating that 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 $4.76 per share next year, which means the company should continue to be able to cover its $3.54 annual dividend with an expected future payout ratio of 74.4%.

EPR Properties Price Performance

EPR Properties stock opened at $51.66 on Friday. The stock’s 50 day moving average price is $49.77 and its two-hundred day moving average price is $47.40. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 22.37 and a beta of 1.72. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. EPR Properties has a 52-week low of $39.66 and a 52-week high of $54.25.

EPR Properties (NYSE:EPR) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.56. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. The business had revenue of $149.12 million during the quarter, compared to analyst estimates of $161.25 million. On average, equities analysts predict that EPR Properties will post 4.65 earnings per share for the current year.

Insider Activity at EPR Properties

In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 3,900 shares of EPR Properties stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $54.02, for a total transaction of $210,678.00. Following the completion of the sale, the senior vice president now owns 8,216 shares of the company’s stock, valued at $443,828.32. The trade was a 32.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $51.99, for a total value of $129,975.00. Following the completion of the sale, the senior vice president now directly owns 15,299 shares of the company’s stock, valued at approximately $795,395.01. This represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,520 shares of company stock valued at $502,581 over the last three months. 2.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EPR has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on EPR Properties from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Monday, March 10th. Stifel Nicolaus increased their target price on shares of EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, February 27th. Truist Financial boosted their price target on shares of EPR Properties from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, March 24th. Finally, Royal Bank of Canada increased their price objective on shares of EPR Properties from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EPR Properties has an average rating of “Hold” and an average target price of $51.00.

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.