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

EPR Properties (NYSE:EPR) declared a monthly dividend on Monday, April 15th, Zacks reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.285 per share by the real estate investment trust on Wednesday, May 15th. This represents a $3.42 annualized dividend and a dividend yield of 8.34%. The ex-dividend date of this dividend is Monday, April 29th.

EPR Properties has raised its dividend payment by an average of 29.6% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. EPR Properties has a payout ratio of 127.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect EPR Properties to earn $4.85 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 70.5%.

EPR Properties Trading Down 0.3 %

EPR stock opened at $40.99 on Friday. The company has a market capitalization of $3.10 billion, a PE ratio of 20.80 and a beta of 1.65. The company has a debt-to-equity ratio of 1.15, a quick ratio of 7.53 and a current ratio of 7.53. EPR Properties has a 52 week low of $39.01 and a 52 week high of $49.10. The company’s 50-day simple moving average is $41.57 and its 200 day simple moving average is $43.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EPR shares. JMP Securities downgraded shares of EPR Properties from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Royal Bank of Canada increased their price objective on shares of EPR Properties from $48.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 11th. KeyCorp increased their price objective on shares of EPR Properties from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, January 5th. Raymond James increased their price objective on shares of EPR Properties from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Finally, StockNews.com downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.05.

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.