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

EPR Properties (NYSE:EPR) announced a monthly dividend on Thursday, September 12th, NASDAQ reports. Investors 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 dividend yield of 7.02%. The ex-dividend date is Monday, September 30th.

EPR Properties has increased its dividend by an average of 29.6% per year over the last three years. EPR Properties has a dividend 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 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 NYSE EPR traded up $1.06 during mid-day trading on Friday, reaching $48.73. 501,607 shares of the company were exchanged, compared to its average volume of 613,120. The company has a quick ratio of 11.12, a current ratio of 11.12 and a debt-to-equity ratio of 1.16. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 24.01 and a beta of 1.75. EPR Properties has a 1 year low of $39.65 and a 1 year high of $49.10. The firm has a 50-day moving average of $45.17 and a 200 day moving average of $42.67.

Insiders Place Their Bets

In other news, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $43.82, for a total value of $25,941.44. Following the transaction, the senior vice president now owns 5,780 shares in the company, valued at $253,279.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Tonya L. Mater sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the transaction, the chief accounting officer now owns 42,710 shares in the company, valued at $1,964,660. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gwendolyn Mary Johnson sold 592 shares of EPR Properties stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $43.82, for a total value of $25,941.44. Following 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

EPR has been the subject of a number of analyst reports. Royal Bank of Canada upgraded EPR Properties from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $50.00 in a research note on Monday, August 5th. Stifel Nicolaus upped their target price on EPR Properties from $42.50 to $47.50 and gave the company a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their target price on EPR Properties from $42.00 to $45.00 and gave the company an “underweight” rating in a research report on Monday, August 26th. JMP Securities reaffirmed a “market perform” rating on shares of EPR Properties in a research report on Friday, June 14th. Finally, StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.