EPR Properties (EPR) To Go Ex-Dividend on December 31st

EPR Properties (NYSE:EPR) declared a dec 24 dividend on Thursday, December 12th,RTT News reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.285 per share by the real estate investment trust on Wednesday, January 15th. This represents a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, December 31st.

EPR Properties has increased its dividend payment by an average of 29.6% annually over the last three years. EPR Properties has a payout ratio of 126.2% 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 $4.78 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 71.5%.

EPR Properties Trading Up 0.8 %

Shares of EPR opened at $45.12 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.81 and a current ratio of 7.81. EPR Properties has a fifty-two week low of $39.65 and a fifty-two week high of $50.26. The firm has a 50 day moving average price of $46.10 and a 200-day moving average price of $45.00. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 19.53 and a beta of 1.75.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Raymond James raised EPR Properties from an “outperform” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $47.00 price target (up previously from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. UBS Group began coverage on shares of EPR Properties in a report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of EPR Properties from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, JMP Securities reissued a “market perform” rating on shares of EPR Properties in a research note on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.