EPR Properties (NYSE:EPR – Get Free Report) announced a monthly dividend on Thursday, August 13th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.31 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, August 31st.
EPR Properties has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. EPR Properties has a payout ratio of 126.1% meaning 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 $5.53 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 67.3%.
EPR Properties Stock Up 0.5%
NYSE EPR opened at $61.73 on Friday. The stock’s 50-day moving average price is $60.23 and its 200-day moving average price is $57.40. The company has a quick ratio of 9.51, a current ratio of 9.51 and a debt-to-equity ratio of 1.43. EPR Properties has a 52 week low of $48.10 and a 52 week high of $64.97. The company has a market capitalization of $4.73 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02.
Insider Buying and Selling
In other EPR Properties news, CAO Tonya L. Mater sold 6,692 shares of EPR Properties stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $61.79, for a total value of $413,498.68. Following the sale, the chief accounting officer directly owned 49,167 shares in the company, valued at approximately $3,038,028.93. The trade was a 11.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Gwendolyn Mary Johnson sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $60.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president owned 13,213 shares in the company, valued at $792,780. This represents a 7.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 9,692 shares of company stock valued at $589,719. Insiders own 0.03% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in EPR Properties in the 2nd quarter worth about $63,487,000. Family Wealth Partners LLC raised its stake in shares of EPR Properties by 6.3% during the second quarter. Family Wealth Partners LLC now owns 14,509 shares of the real estate investment trust’s stock valued at $842,000 after acquiring an additional 860 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of EPR Properties by 9.7% in the second quarter. Handelsbanken Fonder AB now owns 26,000 shares of the real estate investment trust’s stock valued at $1,508,000 after purchasing an additional 2,300 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of EPR Properties by 6.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 4,705 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 305 shares during the period. Finally, Focus Financial Network Inc. grew its stake in EPR Properties by 3.8% in the second quarter. Focus Financial Network Inc. now owns 42,394 shares of the real estate investment trust’s stock worth $2,459,000 after purchasing an additional 1,533 shares in the last quarter. 74.66% of the stock is currently owned by institutional investors.
EPR Properties Company Profile
EPR Properties is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.
The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance.
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