EPR Properties (NYSE:EPR) Plans Jun 25 Dividend of $0.30

EPR Properties (NYSE:EPR) declared a jun 25 dividend on Thursday, June 12th, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.295 per share by the real estate investment trust on Tuesday, July 15th.

EPR Properties has a dividend payout ratio of 120.0% 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 $4.76 per share next year, which means the company should continue to be able to cover its $3.54 annual dividend with an expected future payout ratio of 74.4%.

EPR Properties Trading Up 0.6%

Shares of EPR stock opened at $57.49 on Friday. EPR Properties has a 12-month low of $40.04 and a 12-month high of $57.72. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19. The stock’s 50-day moving average price is $51.62 and its 200-day moving average price is $49.06. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 24.89 and a beta of 1.27.

EPR Properties (NYSE:EPR) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.05. EPR Properties had a return on equity of 8.22% and a net margin of 28.87%. The company had revenue of $146.36 million for the quarter, compared to analysts’ expectations of $155.46 million. During the same period in the previous year, the firm posted $1.12 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that EPR Properties will post 4.65 EPS for the current fiscal year.

Insider Activity at EPR Properties

In other EPR Properties news, CAO Tonya L. Mater sold 3,120 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.90, for a total transaction of $161,928.00. Following the sale, the chief accounting officer now directly owns 46,827 shares of the company’s stock, valued at approximately $2,430,321.30. This trade represents a 6.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $51.99, for a total value of $129,975.00. Following the sale, the senior vice president now directly owns 15,299 shares in the company, valued at $795,395.01. This represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.31% of the stock is owned by insiders.

Institutional Investors Weigh In On EPR Properties

Hedge funds have recently modified their holdings of the company. United Services Automobile Association purchased a new stake in shares of EPR Properties during the 1st quarter worth about $251,000. Empowered Funds LLC boosted its stake in shares of EPR Properties by 10.1% during the 1st quarter. Empowered Funds LLC now owns 8,746 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 804 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of EPR Properties by 13.6% during the 1st quarter. Focus Partners Wealth now owns 8,861 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 1,062 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of EPR Properties by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 96,061 shares of the real estate investment trust’s stock worth $5,054,000 after acquiring an additional 976 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of EPR Properties by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 524,883 shares of the real estate investment trust’s stock worth $27,614,000 after acquiring an additional 61,844 shares in the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on EPR. Truist Financial increased their price objective on EPR Properties from $53.00 to $55.00 and gave the company a “hold” rating in a report on Monday, May 19th. Raymond James reiterated a “strong-buy” rating on shares of EPR Properties in a report on Friday, May 23rd. Wells Fargo & Company increased their price objective on EPR Properties from $52.00 to $53.00 and gave the company an “underweight” rating in a report on Monday, June 2nd. UBS Group increased their price objective on EPR Properties from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Finally, Stifel Nicolaus increased their price objective on EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EPR Properties has a consensus rating of “Hold” and a consensus price target of $54.57.

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.