EPR Properties (NYSE:EPR) Announces $0.30 Apr 25 Dividend

EPR Properties (NYSE:EPR - Get Free Report) declared a apr 25 dividend on Tuesday, April 15th, RTT News reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 0.295 per share by the real estate investment trust on Thursday, May 15th. This represents a dividend yield of 7.3%. The ex-dividend date of this dividend is Wednesday, April 30th.

EPR Properties has increased its dividend by an average of 23.5% per year over the last three years. EPR Properties has a dividend payout ratio of 122.9% 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 $4.76 per share next year, which means the company should continue to be able to cover its $3.54 annual dividend with an expected future payout ratio of 74.4%.

EPR Properties Stock Up 1.5 %

NYSE:EPR traded up $0.73 during trading hours on Friday, reaching $49.23. The company's stock had a trading volume of 495,351 shares, compared to its average volume of 613,862. EPR Properties has a one year low of $39.87 and a one year high of $54.25. The business's 50-day moving average is $50.08 and its 200-day moving average is $47.35. 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 company has a market cap of $3.74 billion, a price-to-earnings ratio of 21.31 and a beta of 1.30.

EPR Properties (NYSE:EPR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.56. The business had revenue of $149.12 million for the quarter, compared to analyst estimates of $161.25 million. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. Equities research analysts predict that EPR Properties will post 4.65 EPS for the current year.

Insider Activity at EPR Properties

In related news, CAO Tonya L. Mater sold 3,120 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the sale, the chief accounting officer now directly owns 46,827 shares of the company's stock, valued at approximately $2,430,321.30. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.99, for a total value of $129,975.00. Following the transaction, the senior vice president now owns 15,299 shares of the company's stock, valued at approximately $795,395.01. The trade was a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,520 shares of company stock worth $502,581. 2.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EPR. Truist Financial boosted their target price on shares of EPR Properties from $51.00 to $53.00 and gave the stock a "hold" rating in a research report on Monday, March 24th. Royal Bank of Canada boosted their price objective on shares of EPR Properties from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Stifel Nicolaus lifted their target price on EPR Properties from $51.00 to $52.00 and gave the stock a "hold" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price target on EPR Properties from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $51.00.

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.