EPR Properties to Issue May 17 Dividend of $0.34 (EPR)
EPR Properties (NYSE:EPR) declared a may 17 dividend on Thursday, May 18th. Shareholders of record on Wednesday, May 31st will be given a dividend of 0.34 per share by the real estate investment trust on Thursday, June 15th. The ex-dividend date of this dividend is Friday, May 26th.
EPR Properties has increased its dividend payment by an average of 1.6% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. EPR Properties has a payout ratio of 79.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect EPR Properties to earn $3.44 per share next year, which means the company may not be able to cover its $4.08 annual dividend with an expected future payout ratio of 118.6%.
EPR Properties (NYSE:EPR) opened at 70.80 on Friday. EPR Properties has a 1-year low of $65.50 and a 1-year high of $84.67. The company has a market capitalization of $5.21 billion, a P/E ratio of 22.48 and a beta of 0.69. The firm has a 50-day moving average price of $73.06 and a 200 day moving average price of $72.40.
EPR Properties (NYSE:EPR) last posted its quarterly earnings data on Tuesday, February 28th. The real estate investment trust reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.03. The business had revenue of $130.80 million during the quarter, compared to analysts’ expectations of $125.09 million. EPR Properties had a return on equity of 10.16% and a net margin of 46.29%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. On average, equities analysts predict that EPR Properties will post $3.31 EPS for the current year.
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In other news, Director Robert J. Druten sold 9,000 shares of EPR Properties stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $70.30, for a total value of $632,700.00. Following the sale, the director now directly owns 22,304 shares of the company’s stock, valued at $1,567,971.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.
A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on EPR Properties to $80.00 in a research report on Wednesday, March 1st. Zacks Investment Research cut EPR Properties from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of EPR Properties in a research report on Wednesday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. EPR Properties presently has an average rating of “Hold” and an average price target of $82.29.
About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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