EPR Properties (NYSE:EPR) announced a dividend on Thursday, May 16th, Fidelity reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.375 per share by the real estate investment trust on Wednesday, July 17th. The ex-dividend date of this dividend is Thursday, May 30th.
EPR Properties has raised its dividend by an average of 9.1% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. EPR Properties has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EPR Properties to earn $5.62 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 80.1%.
EPR Properties stock traded up $0.66 during mid-day trading on Friday, reaching $79.48. 666,893 shares of the company’s stock were exchanged, compared to its average volume of 416,208. The firm has a market cap of $5.86 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.69. EPR Properties has a twelve month low of $59.80 and a twelve month high of $80.20. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 1.05.
EPR Properties (NYSE:EPR) last released its earnings results on Monday, April 29th. The real estate investment trust reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. EPR Properties had a net margin of 42.63% and a return on equity of 10.81%. The company had revenue of $164.50 million for the quarter, compared to analyst estimates of $162.03 million. During the same period in the prior year, the business earned $1.26 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that EPR Properties will post 5.42 earnings per share for the current fiscal year.
In related news, SVP Craig L. Evans sold 5,000 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $76.57, for a total value of $382,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jack A. Newman, Jr. sold 506 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $79.48, for a total transaction of $40,216.88. Following the completion of the transaction, the director now directly owns 2,273 shares in the company, valued at $180,658.04. The disclosure for this sale can be found here. Insiders sold a total of 7,366 shares of company stock worth $563,373 over the last 90 days. Company insiders own 1.34% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of EPR Properties from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Raymond James set a $84.00 price objective on shares of EPR Properties and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Stifel Nicolaus raised their price objective on shares of EPR Properties from $76.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $75.08.
EPR Properties Company Profile
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.
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