EPR Properties (EPR) Announces Monthly Dividend of $0.38

EPR Properties (NYSE:EPR) announced a monthly dividend on Tuesday, March 19th, Wall Street Journal reports. Shareholders of record on Friday, March 29th will be paid a dividend of 0.375 per share by the real estate investment trust on Monday, April 15th. This represents a $4.50 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Thursday, March 28th.

EPR Properties has raised its dividend payment by an average of 9.1% per year over the last three years and has increased its dividend every year for the last 8 years. EPR Properties has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect EPR Properties to earn $5.55 per share next year, which means the company should continue to be able to cover its $4.50 annual dividend with an expected future payout ratio of 81.1%.

EPR traded down $0.27 during trading on Tuesday, reaching $74.78. 274,385 shares of the stock traded hands, compared to its average volume of 407,562. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 1.04. EPR Properties has a 12 month low of $52.80 and a 12 month high of $76.16.

In related news, Director Robin Peppe Sterneck sold 860 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $72.60, for a total value of $62,436.00. Following the sale, the director now owns 1,882 shares in the company, valued at approximately $136,633.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Alan Peterson sold 3,000 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $75.04, for a total transaction of $225,120.00. The disclosure for this sale can be found here. Insiders have sold 15,563 shares of company stock worth $1,154,384 in the last quarter. Company insiders own 1.36% of the company’s stock.

EPR has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $73.00 price target on shares of EPR Properties in a research report on Monday, November 26th. ValuEngine raised shares of EPR Properties from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. JPMorgan Chase & Co. raised shares of EPR Properties from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Raymond James raised shares of EPR Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Thursday, December 6th. Finally, Zacks Investment Research cut shares of EPR Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $69.93.

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About EPR Properties

EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.

See Also: Consumer Price Index (CPI)

Dividend History for EPR Properties (NYSE:EPR)

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