EPR Properties (NYSE:EPR) Declares $0.25 Monthly Dividend

EPR Properties (NYSE:EPR) announced a monthly dividend on Thursday, January 13th, Zacks reports. Shareholders of record on Monday, January 31st will be paid a dividend of 0.25 per share by the real estate investment trust on Tuesday, February 15th. This represents a $3.00 annualized dividend and a yield of 6.30%. The ex-dividend date is Friday, January 28th.

EPR Properties has decreased its dividend by 65.3% over the last three years and has raised its dividend annually for the last 2 consecutive years. EPR Properties has a payout ratio of 150.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect EPR Properties to earn $4.02 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 74.6%.

Shares of NYSE EPR opened at $47.60 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.89 and a current ratio of 6.89. The company has a market cap of $3.56 billion, a PE ratio of 366.18, a P/E/G ratio of 0.46 and a beta of 1.78. The business has a 50-day simple moving average of $48.02 and a two-hundred day simple moving average of $50.05. EPR Properties has a fifty-two week low of $34.25 and a fifty-two week high of $56.07.

EPR Properties (NYSE:EPR) last released its earnings results on Wednesday, November 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.45). EPR Properties had a return on equity of 1.29% and a net margin of 7.25%. The firm had revenue of $139.60 million for the quarter, compared to analyst estimates of $125.68 million. During the same period last year, the firm earned $0.04 EPS. The company’s revenue for the quarter was up 118.5% compared to the same quarter last year. On average, sell-side analysts predict that EPR Properties will post 2.94 earnings per share for the current fiscal year.

Several research analysts recently weighed in on EPR shares. TheStreet upgraded EPR Properties from a “d+” rating to a “c” rating in a research report on Tuesday, November 9th. Citigroup lifted their price target on EPR Properties from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, November 24th. Royal Bank of Canada lifted their price target on EPR Properties from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Monday, October 25th. Finally, Zacks Investment Research upgraded EPR Properties from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Thursday, November 25th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $57.00.

A hedge fund recently raised its stake in EPR Properties stock. UBS Group AG grew its holdings in EPR Properties (NYSE:EPR) by 24.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,974 shares of the real estate investment trust’s stock after buying an additional 11,907 shares during the quarter. UBS Group AG owned 0.08% of EPR Properties worth $3,011,000 as of its most recent SEC filing. Institutional investors and hedge funds own 76.72% of the company’s stock.

About EPR Properties

EPR Properties operates as a real estate investment trust. The firm engages in the development, finance and leasing of theatres, entertainment retail and family entertainment centers. It operates through the following segments: Entertainment and Education. The Entertainment segment includes investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.

Featured Article: Beige Book

Dividend History for EPR Properties (NYSE:EPR)

Receive News & Ratings for EPR Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPR Properties and related companies with MarketBeat.com's FREE daily email newsletter.