EPR Properties (NYSE:EPR – Get Free Report) announced a monthly dividend on Thursday, August 13th. Shareholders of record on Monday, August 31st will be given a dividend of 0.31 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, August 31st.
EPR Properties has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive 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. Equities research analysts expect EPR Properties to earn $5.53 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 67.3%.
EPR Properties Trading Down 0.8%
Shares of EPR Properties stock opened at $61.23 on Friday. The firm’s 50 day simple moving average is $60.31 and its two-hundred day simple moving average is $57.43. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.37 and a beta of 1.02. EPR Properties has a 12-month low of $48.10 and a 12-month high of $64.97. The company has a current ratio of 9.51, a quick ratio of 9.51 and a debt-to-equity ratio of 1.43.
About EPR Properties
EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.
The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.
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