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

EPR Properties (NYSE:EPR) announced a monthly dividend on Monday, April 15th, Zacks reports. Stockholders 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 8.60%. The ex-dividend date 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 Stock Down 1.6 %

Shares of EPR Properties stock opened at $39.75 on Wednesday. The company has a current ratio of 7.53, a quick ratio of 7.53 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $41.83 and its 200-day simple moving average is $43.91. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 20.18 and a beta of 1.65. EPR Properties has a twelve month low of $39.01 and a twelve month high of $49.10.

Hedge Funds Weigh In On EPR Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in shares of EPR Properties during the 1st quarter worth $28,000. State of Wyoming bought a new stake in shares of EPR Properties during the 2nd quarter worth $31,000. Advisors Asset Management Inc. bought a new stake in shares of EPR Properties during the 3rd quarter worth $38,000. KBC Group NV bought a new stake in shares of EPR Properties during the 4th quarter worth $51,000. Finally, VitalStone Financial LLC bought a new stake in shares of EPR Properties during the 1st quarter worth $50,000. 74.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EPR shares. Royal Bank of Canada increased their price target on EPR Properties from $48.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 11th. Raymond James raised their target price on EPR Properties from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Truist Financial lowered their target price on EPR Properties from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, March 22nd. Finally, JMP Securities cut EPR Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.