EPR Properties (NYSE:EPR) Announces Oct 24 Dividend of $0.29

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

EPR Properties has increased its dividend payment by an average of 29.6% per year over the last three years. EPR Properties has a dividend payout ratio of 128.6% 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 $4.82 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 Trading Up 0.4 %

NYSE:EPR traded up $0.20 during midday trading on Tuesday, reaching $48.99. 482,432 shares of the stock traded hands, compared to its average volume of 598,890. The stock has a market capitalization of $3.71 billion, a P/E ratio of 24.34 and a beta of 1.75. The company has a debt-to-equity ratio of 1.16, a quick ratio of 11.12 and a current ratio of 11.12. The company has a fifty day moving average of $47.17 and a 200 day moving average of $43.70. EPR Properties has a 12 month low of $39.65 and a 12 month high of $50.26.

Analyst Upgrades and Downgrades

EPR has been the subject of several recent analyst reports. Royal Bank of Canada raised shares of EPR Properties from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $50.00 in a research note on Monday, August 5th. JMP Securities reiterated a “market perform” rating on shares of EPR Properties in a report on Tuesday, September 24th. Wells Fargo & Company reissued an “underweight” rating and set a $47.00 target price (up from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. Truist Financial upped their target price on EPR Properties from $44.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 16th. Finally, Stifel Nicolaus lifted their price target on shares of EPR Properties from $42.50 to $47.50 and gave the company a “hold” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued 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, the stock currently has an average rating of “Hold” and an average target price of $48.28.

Insider Buying and Selling

In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $43.82, for a total transaction of $25,941.44. Following the completion of the transaction, the senior vice president now owns 5,780 shares of the company’s stock, valued at approximately $253,279.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other EPR Properties news, SVP Gwendolyn Mary Johnson sold 592 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $43.82, for a total transaction of $25,941.44. Following the completion of the transaction, the senior vice president now owns 5,780 shares of the company’s stock, valued at approximately $253,279.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tonya L. Mater sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the sale, the chief accounting officer now directly owns 42,710 shares in the company, valued at approximately $1,964,660. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.13% of the stock is owned by 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.