EPR Properties (NYSE:EPR) Declares $0.29 Monthly Dividend

EPR Properties (NYSE:EPR) declared a monthly dividend on Monday, April 15th, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.285 per share by the real estate investment trust on Wednesday, May 15th. This represents a $3.42 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date of this dividend is Monday, April 29th.

EPR Properties has raised its dividend payment by an average of 29.6% annually over the last three years and has increased its dividend every year for the last 1 years. EPR Properties has a payout ratio of 127.1% 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 $4.85 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 70.5%.

EPR Properties Stock Performance

Shares of EPR stock opened at $40.99 on Friday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 20.81 and a beta of 1.65. The company has a debt-to-equity ratio of 1.15, a quick ratio of 7.53 and a current ratio of 7.53. EPR Properties has a one year low of $39.01 and a one year high of $49.10. The company’s 50-day moving average is $41.57 and its 200 day moving average is $43.86.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp lifted their price objective on EPR Properties from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. JMP Securities downgraded shares of EPR Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Raymond James lifted their target price on shares of EPR Properties from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Royal Bank of Canada boosted their target price on shares of EPR Properties from $48.00 to $51.00 and gave the company a “sector perform” rating in a research note on Thursday, January 11th. Finally, Truist Financial dropped their price target on EPR Properties from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, EPR Properties currently has an average rating of “Hold” and an average target price of $48.05.

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.