EPR Properties Declares Oct 24 Dividend of $0.29 (NYSE:EPR)

EPR Properties (NYSE:EPR) announced a oct 24 dividend on Tuesday, October 15th, RTT News reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.285 per share by the real estate investment trust on Friday, November 15th. This represents a yield of 6.9%. The ex-dividend date is Thursday, October 31st.

EPR Properties has increased its dividend by an average of 29.6% annually over the last three years. EPR Properties has a dividend payout ratio of 128.6% 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 Performance

NYSE:EPR opened at $49.40 on Thursday. EPR Properties has a 52 week low of $39.65 and a 52 week high of $50.26. The company has a fifty day simple moving average of $47.37 and a two-hundred day simple moving average of $43.79. 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 company has a market cap of $3.74 billion, a price-to-earnings ratio of 24.33 and a beta of 1.75.

Analysts Set New Price Targets

EPR has been the subject of several recent research reports. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James raised shares of EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a report on Wednesday, August 21st. Truist Financial boosted 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. Wells Fargo & Company restated an “underweight” rating and issued a $47.00 price objective (up from $45.00) on shares of EPR Properties in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.28.

Insider Buying and Selling

In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 592 shares of the company’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 $253,279.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $46.00, for a total transaction of $46,000.00. Following the transaction, the chief accounting officer now directly owns 42,710 shares in the company, valued at approximately $1,964,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Gwendolyn Mary Johnson sold 592 shares of EPR Properties stock in a transaction 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 transaction, the senior vice president now directly owns 5,780 shares in the company, valued at $253,279.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.13% of the stock is owned by company insiders.

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.