EPR Properties (EPR) to Issue Monthly Dividend of $0.30 on April 15th

EPR Properties (NYSE:EPR) declared a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.295 per share by the real estate investment trust on Tuesday, April 15th. This represents a $3.54 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Monday, March 31st. This is a positive change from EPR Properties’s previous monthly dividend of $0.29.

EPR Properties has raised its dividend by an average of 23.5% per year over the last three years. EPR Properties has a payout ratio of 121.3% indicating that 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 $4.76 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 71.8%.

EPR Properties Stock Up 1.9 %

EPR opened at $53.10 on Friday. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. EPR Properties has a 52 week low of $39.65 and a 52 week high of $53.58. The firm has a 50-day simple moving average of $46.85 and a two-hundred day simple moving average of $46.65. The company has a market capitalization of $4.02 billion, a PE ratio of 22.99 and a beta of 1.75.

EPR Properties (NYSE:EPR) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.56. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. The firm had revenue of $149.12 million during the quarter, compared to the consensus estimate of $161.25 million. Analysts forecast that EPR Properties will post 4.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group assumed 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 for the company. Stifel Nicolaus raised their target price on shares of EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 target price on shares of EPR Properties in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.50.

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.