EPR Properties (NYSE:EPR) Plans $0.30 May 25 Dividend

EPR Properties (NYSE:EPR) declared a may 25 dividend on Thursday, May 15th, RTT News reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.295 per share by the real estate investment trust on Monday, June 16th.

EPR Properties has increased its dividend payment by an average of 23.5% 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 121.6% meaning 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 $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 Price Performance

EPR Properties stock opened at $53.63 on Friday. The business’s 50 day simple moving average is $49.98 and its 200 day simple moving average is $47.69. EPR Properties has a 12 month low of $39.87 and a 12 month high of $54.25. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 23.22 and a beta of 1.26. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19.

EPR Properties (NYSE:EPR) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $155.46 million. During the same quarter in the prior year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that EPR Properties will post 4.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of EPR Properties from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Stifel Nicolaus raised their price target on EPR Properties from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Thursday, February 27th. UBS Group lifted their price target on EPR Properties from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on EPR Properties from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. Finally, StockNews.com upgraded EPR Properties from a “hold” rating to a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, EPR Properties presently has a consensus rating of “Hold” and a consensus price target of $52.00.

Insiders Place Their Bets

In related news, CAO Tonya L. Mater sold 3,120 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $51.90, for a total value of $161,928.00. Following the transaction, the chief accounting officer now directly owns 46,827 shares in the company, valued at approximately $2,430,321.30. This represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian Andrew Moriarty sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $51.99, for a total transaction of $129,975.00. Following the completion of 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. Insiders have sold 9,520 shares of company stock worth $502,581 in the last ninety days. 2.31% of the stock is currently owned by insiders.

EPR Properties Company Profile

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.