EPR Properties (EPR) to Issue Monthly Dividend of $0.29 on May 15th

EPR Properties (NYSE:EPR) announced a monthly dividend on Monday, April 15th, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid 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 is Monday, April 29th.

EPR Properties has increased its dividend by an average of 29.6% annually 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% meaning 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 $4.85 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 Price Performance

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

Analysts Set New Price Targets

Several brokerages recently issued reports on EPR. Royal Bank of Canada lifted their price target on shares of EPR Properties from $48.00 to $51.00 and gave the company a “sector perform” rating in a report on Thursday, January 11th. KeyCorp lifted their price target on shares of EPR Properties from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Raymond James lifted their price target on shares of EPR Properties from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, January 8th. StockNews.com downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Truist Financial cut their price target on shares of EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.05.

EPR Properties Company Profile

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.