EPR Properties (NYSE:EPR) Plans $0.29 Monthly Dividend

EPR Properties (NYSE:EPR) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.285 per share by the real estate investment trust on Tuesday, October 15th. This represents a $3.42 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Monday, September 30th.

EPR Properties has increased its dividend payment by an average of 29.6% per year over the last three years. EPR Properties has a dividend payout ratio of 127.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Down 0.2 %

Shares of EPR Properties stock opened at $48.55 on Friday. EPR Properties has a twelve month low of $39.65 and a twelve month high of $50.26. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 23.91 and a beta of 1.75. The company has a current ratio of 11.12, a quick ratio of 11.12 and a debt-to-equity ratio of 1.16. The business’s 50 day simple moving average is $46.39 and its 200-day simple moving average is $43.16.

Insider Activity

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

Analysts Set New Price Targets

A number of research firms have issued reports on EPR. Wells Fargo & Company boosted their target price on shares of EPR Properties from $42.00 to $45.00 and gave the company an “underweight” rating in a research note on Monday, August 26th. JMP Securities reissued a “market perform” rating on shares of EPR Properties in a report on Tuesday. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, Raymond James raised EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.06.

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.