EPR Properties (EPR) to Issue Monthly Dividend of $0.31 on November 16th

EPR Properties (NYSE:EPR) announced a monthly dividend on Thursday, October 15th. Investors of record on Friday, October 30th will be paid a dividend of $0.31 per share by the real estate investment trust on Monday, November 16th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, October 30th.

EPR Properties has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 1 years. EPR Properties has a dividend payout ratio of 126.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect EPR Properties to earn $5.50 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 67.6%.

EPR Properties Price Performance

EPR opened at $56.07 on Wednesday. The business has a 50 day moving average price of $57.48 and a two-hundred day moving average price of $57.29. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 18.03 and a beta of 1.03. EPR Properties has a 1-year low of $48.10 and a 1-year high of $64.97.

EPR Properties (NYSE:EPR) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $196.08 million for the quarter, compared to the consensus estimate of $158.13 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Equities analysts expect that EPR Properties will post 5.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EPR shares. Royal Bank Of Canada upped their target price on EPR Properties from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of EPR Properties in a research report on Wednesday, August 19th. Stifel Nicolaus boosted their price objective on EPR Properties from $66.00 to $70.50 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wells Fargo & Company dropped their price target on EPR Properties from $61.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Finally, Citigroup lowered EPR Properties from a “market outperform” rating to a “hold” rating in a report on Wednesday, October 14th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.65.

About EPR Properties

EPR Properties (NYSE:EPR) is a specialty real estate investment trust that owns and leases experiential real estate. The company focuses on properties designed for entertainment, recreation and leisure activities, including movie theaters, ski resorts, waterparks, attractions, fitness and wellness facilities, and other destination-based venues.

EPR generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, taxes and insurance.