EPR Properties (NYSE:EPR) Plans Monthly Dividend of $0.29

EPR Properties (NYSE:EPR) announced a monthly dividend on Monday, July 15th, Wall Street Journal reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.285 per share by the real estate investment trust on Thursday, August 15th. This represents a $3.42 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Wednesday, July 31st.

EPR Properties has increased its dividend by an average of 29.6% per year over the last three years. EPR Properties has a payout ratio of 130.5% 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 $4.78 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 71.5%.

EPR Properties Price Performance

Shares of NYSE EPR opened at $45.30 on Monday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 22.32 and a beta of 1.73. EPR Properties has a twelve month low of $39.65 and a twelve month high of $49.10. The business has a 50 day simple moving average of $41.75 and a 200-day simple moving average of $42.19. The company has a current ratio of 8.45, a quick ratio of 8.45 and a debt-to-equity ratio of 1.15.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of EPR Properties from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 28th. StockNews.com upgraded shares of EPR Properties from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Bank of America cut EPR Properties from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $45.00 to $40.00 in a report on Monday, May 20th. Finally, JMP Securities restated a “market perform” rating on shares of EPR Properties in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, EPR Properties presently has a consensus rating of “Hold” and an average price target of $47.00.

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.