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

EPR Properties (NYSE:EPR) declared 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.

EPR Properties has raised its dividend by an average of 29.6% annually 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 research 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 debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. The stock has a 50 day moving average price of $47.54 and a 200 day moving average price of $44.55. The stock has a market capitalization of $3.35 billion, a PE ratio of 19.14 and a beta of 1.76. EPR Properties has a 52 week low of $39.65 and a 52 week high of $50.26.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EPR. UBS Group began coverage on EPR Properties in a research note on Thursday. They set a “neutral” rating and a $48.00 target price on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $47.00 target price (up previously from $45.00) on shares of EPR Properties in a report on Tuesday, October 1st. Stifel Nicolaus raised their target price on EPR Properties from $42.50 to $47.50 and gave the company a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on EPR Properties from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Royal Bank of Canada raised EPR Properties from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $48.00 to $50.00 in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.28.

Insider Activity at EPR Properties

In other EPR Properties news, CAO Tonya L. Mater sold 1,000 shares of EPR Properties 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 owns 42,710 shares in the company, valued at approximately $1,964,660. The trade was a 2.29 % decrease in their position. 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 currently owned by corporate insiders.

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.