EPR Properties (EPR) To Go Ex-Dividend on June 28th

EPR Properties (NYSE:EPR) declared a monthly dividend on Thursday, June 13th, Wall Street Journal reports. Investors of record on Friday, June 28th will be paid a dividend of 0.285 per share by the real estate investment trust on Monday, July 15th. This represents a $3.42 annualized dividend and a dividend yield of 8.48%. The ex-dividend date of this dividend is Friday, June 28th.

EPR Properties has raised its dividend payment by an average of 29.6% annually over the last three years. EPR Properties has a payout ratio of 129.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect EPR Properties to earn $4.73 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 72.3%.

EPR Properties Stock Down 0.4 %

Shares of NYSE EPR opened at $40.32 on Friday. The company has a quick ratio of 8.45, a current ratio of 8.45 and a debt-to-equity ratio of 1.15. EPR Properties has a 52 week low of $39.65 and a 52 week high of $49.10. The firm’s fifty day moving average is $41.11 and its 200 day moving average is $43.26. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 19.86 and a beta of 1.68.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of EPR Properties in a research note on Friday. Truist Financial reduced their price objective on shares of EPR Properties from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, March 22nd. StockNews.com downgraded shares of EPR Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reduced their price objective on shares of EPR Properties from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 28th. Finally, Bank of America downgraded shares of EPR Properties from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $45.00 to $40.00 in a research report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, EPR Properties has an average rating of “Hold” and an average price target of $47.25.

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.