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

EPR Properties (NYSE:EPR) declared a oct 24 dividend on Tuesday, October 15th, RTT News reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.285 per share by the real estate investment trust on Friday, November 15th.

EPR Properties has increased its dividend by an average of 29.6% per year 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

Shares of EPR traded up $0.20 during mid-day trading on Tuesday, hitting $48.99. The stock had a trading volume of 482,432 shares, compared to its average volume of 598,890. EPR Properties has a 52 week low of $39.65 and a 52 week high of $50.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 11.12 and a quick ratio of 11.12. The business has a fifty day moving average price of $47.17 and a 200-day moving average price of $43.70. The firm has a market cap of $3.71 billion, a P/E ratio of 24.34 and a beta of 1.75.

Analyst Ratings Changes

Several research firms have recently weighed in on EPR. Stifel Nicolaus lifted their target price on shares of EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Truist Financial raised their target price on EPR Properties from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $47.00 target price (up previously from $45.00) on shares of EPR Properties in a report on Tuesday, October 1st. Royal Bank of Canada raised shares of EPR Properties from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $50.00 in a report on Monday, August 5th. Finally, StockNews.com lowered shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.28.

Insider Buying and Selling

In other news, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s 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 sale, the senior vice president now owns 5,780 shares in the company, valued at approximately $253,279.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Tonya L. Mater sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the sale, the chief accounting officer now owns 42,710 shares in the company, valued at $1,964,660. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Gwendolyn Mary Johnson sold 592 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $43.82, for a total value of $25,941.44. Following the completion of the sale, the senior vice president now directly owns 5,780 shares of the company’s stock, valued at approximately $253,279.60. This represents a 0.00 % decrease in their position. 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.