EPR Properties (NYSE:EPR) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.36 per share by the real estate investment trust on Thursday, March 15th. This represents a $1.44 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from EPR Properties’s previous quarterly dividend of $0.32.
EPR Properties has raised its dividend by an average of 6.1% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. EPR Properties has a payout ratio of 78.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect EPR Properties to earn $5.41 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 75.4%.
Shares of EPR Properties (NYSE EPR) opened at $56.28 on Thursday. EPR Properties has a twelve month low of $54.95 and a twelve month high of $77.70. The company has a market capitalization of $4,174.75, a P/E ratio of 16.75, a P/E/G ratio of 1.90 and a beta of 0.46. The company has a current ratio of 7.88, a quick ratio of 7.88 and a debt-to-equity ratio of 1.03.
Several equities research analysts recently commented on the company. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of EPR Properties in a report on Monday, November 13th. B. Riley reaffirmed a “neutral” rating on shares of EPR Properties in a report on Wednesday, November 1st. JPMorgan Chase & Co. cut EPR Properties from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. ValuEngine cut EPR Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised EPR Properties from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. EPR Properties currently has an average rating of “Hold” and an average target price of $75.83.
In other EPR Properties news, SVP Craig L. Evans sold 14,000 shares of EPR Properties stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $60.03, for a total transaction of $840,420.00. Following the transaction, the senior vice president now directly owns 38,384 shares in the company, valued at approximately $2,304,191.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael L. Hirons sold 9,359 shares of EPR Properties stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $67.54, for a total transaction of $632,106.86. The disclosure for this sale can be found here. Insiders sold 25,459 shares of company stock worth $1,615,516 in the last ninety days. 1.50% of the stock is owned by corporate insiders.
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About EPR Properties
EPR Properties is a specialty real estate investment trust. The Company’s investment portfolio includes primarily entertainment, education and recreation properties. The Company’s segments include Entertainment, Education, Recreation and Other. The Entertainment segment consists of investments in megaplex theatres, entertainment retail centers, family entertainment centers and other retail parcels.
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