EPR Properties (NYSE:EPR) Declares $0.29 Nov 24 Dividend

EPR Properties (NYSE:EPR) declared a nov 24 dividend on Thursday, November 14th,RTT News reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.285 per share by the real estate investment trust on Monday, December 16th. This represents a dividend yield of 7.8%. The ex-dividend date is Friday, November 29th.

EPR Properties has increased its dividend payment by an average of 29.6% annually over the last three years. EPR Properties has a payout ratio of 125.7% 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 $4.82 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 $45.78 on Thursday. The stock has a market cap of $3.47 billion, a P/E ratio of 19.82 and a beta of 1.76. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. EPR Properties has a twelve month low of $39.65 and a twelve month high of $50.26. The company’s 50-day simple moving average is $46.90 and its 200 day simple moving average is $44.78.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Wells Fargo & Company reiterated an “underweight” rating and set a $47.00 price objective (up from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. Raymond James raised EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a report on Wednesday, August 21st. Stifel Nicolaus upped their target price on shares of EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, StockNews.com cut shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.28.

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.