EPR Properties (EPR) to Issue Nov 24 Dividend of $0.29 on December 16th

EPR Properties (NYSE:EPR) announced a nov 24 dividend on Thursday, November 14th,RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.285 per share by the real estate investment trust on Monday, December 16th. This represents a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, November 29th.

EPR Properties has raised its dividend by an average of 29.6% per year over the last three years. EPR Properties has a dividend payout ratio of 125.7% meaning 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 Stock Down 0.8 %

NYSE:EPR opened at $45.25 on Wednesday. The firm has a market cap of $3.43 billion, a PE ratio of 19.59 and a beta of 1.76. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81. The company has a 50-day moving average of $46.96 and a 200 day moving average of $44.78. EPR Properties has a 1-year low of $39.65 and a 1-year high of $50.26.

Analysts Set New Price Targets

Several research firms have recently issued reports on EPR. Royal Bank of Canada upgraded 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 report on Monday, August 5th. UBS Group initiated coverage on EPR Properties in a research report on Thursday, November 14th. They set a “neutral” rating and a $48.00 target price on the stock. Truist Financial increased their target price on EPR Properties from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 16th. StockNews.com lowered EPR Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $47.00 target price (up previously from $45.00) on shares of EPR Properties in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.28.

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.