EPR Properties (NYSE:EPR) Plans Monthly Dividend of $0.30

EPR Properties (NYSE:EPR) declared a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.295 per share by the real estate investment trust on Tuesday, April 15th. This represents a $3.54 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29.

EPR Properties has raised its dividend by an average of 23.5% per year over the last three years. EPR Properties has a dividend payout ratio of 121.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect EPR Properties to earn $4.76 per share next year, which means the company should continue to be able to cover its $3.42 annual dividend with an expected future payout ratio of 71.8%.

EPR Properties Price Performance

EPR traded up $0.75 on Thursday, hitting $52.06. 1,343,489 shares of the stock were exchanged, compared to its average volume of 661,938. EPR Properties has a 12 month low of $39.65 and a 12 month high of $53.59. The business has a 50-day moving average of $46.48 and a two-hundred day moving average of $46.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 22.54 and a beta of 1.75.

EPR Properties (NYSE:EPR) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.56. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. The company had revenue of $149.12 million during the quarter, compared to the consensus estimate of $161.25 million. Sell-side analysts forecast that EPR Properties will post 4.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on EPR. Stifel Nicolaus increased their target price on shares of EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price objective on shares of EPR Properties in a report on Thursday, January 30th. Finally, UBS Group started coverage on EPR Properties in a research report on Thursday, November 14th. They set a “neutral” rating and a $48.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.50.

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.