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

EPR Properties (NYSE:EPR) announced a nov 24 dividend on Thursday, November 14th,RTT News reports. Investors 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. This represents a dividend yield of 7.8%. The ex-dividend date is Friday, November 29th.

EPR Properties has increased its dividend payment by an average of 29.6% per year over the last three years. EPR Properties has a payout ratio of 127.6% meaning 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 Price Performance

Shares of NYSE EPR opened at $44.29 on Friday. The company has a 50 day moving average of $47.47 and a 200 day moving average of $44.54. 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 twelve month low of $39.65 and a twelve month high of $50.26. The firm has a market cap of $3.35 billion, a P/E ratio of 19.17 and a beta of 1.76.

Insider Buying and Selling at EPR Properties

In related news, CAO Tonya L. Mater sold 1,000 shares of EPR Properties stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total transaction of $46,000.00. Following the transaction, the chief accounting officer now directly owns 42,710 shares in the company, valued at approximately $1,964,660. The trade was a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on EPR. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada upgraded shares of EPR Properties from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $48.00 to $50.00 in a research note on Monday, August 5th. UBS Group began coverage on shares of EPR Properties in a research note on Thursday. They issued a “neutral” rating and a $48.00 price target for the company. Raymond James upgraded shares of EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.