EPR Properties (NYSE:EPR) Announces $0.29 Dec 24 Dividend

EPR Properties (NYSE:EPR) declared a dec 24 dividend on Thursday, December 12th,RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.285 per share by the real estate investment trust on Wednesday, January 15th.

EPR Properties has increased its dividend by an average of 29.6% per year over the last three years. EPR Properties has a dividend payout ratio of 126.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

Shares of EPR Properties stock traded up $0.19 during trading on Thursday, reaching $44.75. The company’s stock had a trading volume of 398,923 shares, compared to its average volume of 572,439. The company has a 50-day moving average price of $46.16 and a two-hundred day moving average price of $45.00. The firm has a market cap of $3.39 billion, a PE ratio of 19.29 and a beta of 1.76. EPR Properties has a fifty-two week low of $39.65 and a fifty-two week high of $50.26. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19.

Analyst Ratings Changes

Several brokerages have issued reports on EPR. JMP Securities reissued a “market perform” rating on shares of EPR Properties in a research note on Tuesday, September 24th. Truist Financial boosted their price objective on shares of EPR Properties from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 16th. UBS Group began coverage on shares of EPR Properties in a research note on Thursday, November 14th. They issued a “neutral” rating and a $48.00 price objective on the stock. Raymond James raised 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 note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of EPR Properties from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EPR Properties currently has a consensus 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.