EPR Properties to Issue Nov 24 Dividend of $0.29 (NYSE:EPR)

EPR Properties (NYSE:EPR) declared a nov 24 dividend on Thursday, November 14th,RTT News reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.285 per share by the real estate investment trust on Monday, December 16th.

EPR Properties has raised its dividend by an average of 29.6% per year over the last three years. EPR Properties has a payout ratio of 127.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 NYSE EPR opened at $44.22 on Friday. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $47.54 and its two-hundred day moving average is $44.55. The company has a market cap of $3.35 billion, a P/E ratio of 19.14 and a beta of 1.76. EPR Properties has a 12 month low of $39.65 and a 12 month high of $50.26.

Insider Buying and Selling at EPR Properties

In other news, CAO Tonya L. Mater sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total transaction of $46,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 42,710 shares of the company’s stock, valued at $1,964,660. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of EPR Properties in a research report on Tuesday, September 24th. Stifel Nicolaus lifted their price objective on EPR Properties from $42.50 to $47.50 and gave the stock a “hold” rating in a report on Thursday, August 1st. Truist Financial lifted their price objective on EPR Properties from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 16th. StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Raymond James raised EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $48.28.

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.