EPR Properties to Issue Apr 25 Dividend of $0.30 (NYSE:EPR)

EPR Properties (NYSE:EPR) announced a apr 25 dividend on Tuesday, April 15th, RTT News reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.295 per share by the real estate investment trust on Thursday, May 15th. This represents a yield of 7.3%. The ex-dividend date is Wednesday, April 30th.

EPR Properties has raised its dividend payment by an average of 23.5% annually over the last three years. EPR Properties has a dividend payout ratio of 122.9% 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 $4.76 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 Stock Performance

NYSE:EPR opened at $48.51 on Thursday. 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 fifty-two week low of $39.66 and a fifty-two week high of $54.25. The business has a 50 day moving average price of $50.02 and a 200-day moving average price of $47.34. The firm has a market cap of $3.69 billion, a PE ratio of 21.00 and a beta of 1.30.

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

Insider Activity

In other news, SVP Gwendolyn Mary Johnson sold 3,900 shares of EPR Properties stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $54.02, for a total value of $210,678.00. Following the completion of the transaction, the senior vice president now owns 8,216 shares in the company, valued at approximately $443,828.32. The trade was a 32.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonya L. Mater sold 3,120 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $51.90, for a total value of $161,928.00. Following the completion of the sale, the chief accounting officer now owns 46,827 shares of the company’s stock, valued at approximately $2,430,321.30. This represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,520 shares of company stock valued at $502,581 in the last quarter. 2.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

EPR has been the topic of a number of research reports. Royal Bank of Canada lifted their target price 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. Wells Fargo & Company raised their price objective 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 lifted their price target on shares of EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday, February 27th. Finally, Truist Financial lifted their target price on shares of EPR Properties from $51.00 to $53.00 and gave the company a “hold” rating in a report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EPR Properties has a consensus rating of “Hold” and an average target price of $51.00.

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.