EPR Properties (EPR) To Go Ex-Dividend on September 30th

EPR Properties (NYSE:EPR) announced a monthly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of 0.31 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Wednesday, September 30th.

EPR Properties has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. EPR Properties has a dividend payout ratio of 126.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect EPR Properties to earn $5.52 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 67.4%.

EPR Properties Stock Performance

NYSE:EPR opened at $57.05 on Thursday. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 2.24 and a beta of 1.01. The business has a 50 day moving average of $60.76 and a 200 day moving average of $57.96. The company has a debt-to-equity ratio of 1.43, a current ratio of 9.51 and a quick ratio of 9.51. EPR Properties has a 1-year low of $48.10 and a 1-year high of $64.97.

EPR Properties (NYSE:EPR) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $196.08 million for the quarter, compared to analysts’ expectations of $158.13 million. EPR Properties had a net margin of 35.45% and a return on equity of 11.34%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the business earned $1.26 earnings per share. EPR Properties has set its FY 2026 guidance at 5.410-5.570 EPS. On average, sell-side analysts predict that EPR Properties will post 5.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on EPR. Stifel Nicolaus raised their price target on shares of EPR Properties from $66.00 to $70.50 and gave the stock a “buy” rating in a report on Thursday, July 30th. Truist Financial reduced their price target on EPR Properties from $62.00 to $61.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Morgan Stanley raised EPR Properties from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 12th. UBS Group set a $70.00 price objective on EPR Properties in a report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EPR Properties in a research report on Wednesday, August 19th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, EPR Properties presently has an average rating of “Moderate Buy” and an average price target of $66.15.

About EPR Properties

EPR Properties (NYSE:EPR) is a specialty real estate investment trust focused on experiential real estate. The company owns and leases properties designed for entertainment, recreation and leisure activities, including multiplex cinemas, eat-and-play venues, cultural attractions, amusement and water parks, ski resorts, and other destination-based properties.

EPR generally leases its properties to operators under long-term agreements, allowing tenants to manage the underlying businesses while EPR focuses on property ownership, investment and portfolio management.