EPR Properties (NYSE:EPR) Declares $0.29 Monthly Dividend

EPR Properties (NYSE:EPR) declared a monthly dividend on Monday, April 15th, Zacks reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.285 per share by the real estate investment trust on Wednesday, May 15th. This represents a $3.42 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date of this dividend is Monday, April 29th.

EPR Properties has raised its dividend payment by an average of 29.6% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

EPR Properties Price Performance

EPR Properties stock opened at $39.75 on Wednesday. The company has a current ratio of 7.53, a quick ratio of 7.53 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $41.83 and a 200 day moving average price of $43.91. EPR Properties has a 12-month low of $39.01 and a 12-month high of $49.10. The stock has a market cap of $3.01 billion, a P/E ratio of 20.18 and a beta of 1.65.

Wall Street Analyst Weigh In

A number of research firms recently commented on EPR. JMP Securities cut EPR Properties from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. StockNews.com downgraded EPR Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. KeyCorp boosted their price objective on shares of EPR Properties from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Truist Financial lowered their target price on shares of EPR Properties from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. Finally, Royal Bank of Canada upped their price objective on shares of EPR Properties from $48.00 to $51.00 and gave the stock a “sector perform” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $48.05.

Institutional Investors Weigh In On EPR Properties

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in EPR Properties by 4.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,251 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE raised its stake in EPR Properties by 6.2% during the 1st quarter. US Bancorp DE now owns 6,103 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 356 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in EPR Properties by 16.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,577 shares of the real estate investment trust’s stock valued at $579,000 after acquiring an additional 1,523 shares during the last quarter. Bank of Montreal Can lifted its position in EPR Properties by 987.9% in the first quarter. Bank of Montreal Can now owns 98,989 shares of the real estate investment trust’s stock valued at $5,547,000 after acquiring an additional 89,890 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of EPR Properties by 33.4% during the first quarter. MetLife Investment Management LLC now owns 48,362 shares of the real estate investment trust’s stock worth $2,646,000 after purchasing an additional 12,111 shares during the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

EPR Properties Company Profile

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.