EPR Properties (NYSE:EPR) Plans Monthly Dividend of $0.30

EPR Properties (NYSE:EPR) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.295 per share by the real estate investment trust on Tuesday, April 15th. This represents a $3.54 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29.

EPR Properties has increased its dividend payment by an average of 23.5% annually over the last three years. EPR Properties has a payout ratio of 121.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect EPR Properties to earn $4.76 per share next year, which means the company should continue to be able to cover its $3.42 annual dividend with an expected future payout ratio of 71.8%.

EPR Properties Stock Up 1.5 %

EPR opened at $52.06 on Friday. The company has a market capitalization of $3.94 billion, a PE ratio of 22.54 and a beta of 1.75. The firm has a 50-day simple moving average of $46.66 and a two-hundred day simple moving average of $46.58. 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 52 week low of $39.65 and a 52 week high of $53.59.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results 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. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. The company had revenue of $149.12 million during the quarter, compared to analyst estimates of $161.25 million. Analysts forecast that EPR Properties will post 4.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price target on shares of EPR Properties in a research report on Thursday, January 30th. UBS Group initiated coverage on shares of EPR Properties in a report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on shares of EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a report on Thursday. Two 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $48.50.

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.