EPR Properties (NYSE:EPR) Plans $0.29 Nov 24 Dividend

EPR Properties (NYSE:EPR) announced a nov 24 dividend on Thursday, November 14th,RTT News reports. Investors of record on Friday, November 29th will be paid a dividend of 0.285 per share by the real estate investment trust on Monday, December 16th. This represents a yield of 7.8%. The ex-dividend date of this dividend is Friday, November 29th.

EPR Properties has increased its dividend payment by an average of 29.6% annually over the last three years. EPR Properties has a dividend payout ratio of 125.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect EPR Properties to earn $4.82 per share next year, which means the company should continue to be able to cover its $3.42 annual dividend with an expected future payout ratio of 71.0%.

EPR Properties Trading Up 1.2 %

Shares of NYSE EPR opened at $45.78 on Thursday. EPR Properties has a fifty-two week low of $39.65 and a fifty-two week high of $50.26. The firm has a market capitalization of $3.47 billion, a P/E ratio of 19.82 and a beta of 1.76. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.81 and a quick ratio of 7.81. The company’s 50 day simple moving average is $46.90 and its 200 day simple moving average is $44.78.

Analysts Set New Price Targets

Several analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of EPR Properties in a research note on Tuesday, September 24th. JPMorgan Chase & Co. raised their price target on EPR Properties from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. StockNews.com cut EPR Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company reissued an “underweight” rating and set a $47.00 target price (up from $45.00) on shares of EPR Properties in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price target on shares of EPR Properties from $42.50 to $47.50 and gave the company a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $48.28.

About EPR Properties

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.