EPR Properties (NYSE:EPR – Get Free Report) announced a monthly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.31 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, June 30th.
EPR Properties has increased its dividend payment 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% indicating that 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 $5.46 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 68.1%.
EPR Properties Trading Down 2.6%
NYSE:EPR opened at $58.30 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 7.85 and a quick ratio of 7.85. The firm has a 50-day moving average of $56.74 and a 200-day moving average of $54.77. The company has a market cap of $4.46 billion, a PE ratio of 18.05, a PEG ratio of 2.47 and a beta of 1.03. EPR Properties has a one year low of $48.10 and a one year high of $62.08.
Insider Buying and Selling at EPR Properties
In other news, CAO Tonya L. Mater sold 2,600 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $56.50, for a total transaction of $146,900.00. Following the completion of the transaction, the chief accounting officer directly owned 55,859 shares of the company’s stock, valued at $3,156,033.50. This represents a 4.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in shares of EPR Properties by 658.1% during the 1st quarter. NewEdge Advisors LLC now owns 4,647 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 4,034 shares during the period. Sunbelt Securities Inc. boosted its holdings in EPR Properties by 2,557.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,063 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,023 shares during the period. Amundi boosted its holdings in EPR Properties by 3.4% in the 1st quarter. Amundi now owns 41,890 shares of the real estate investment trust’s stock worth $2,093,000 after buying an additional 1,378 shares during the period. California State Teachers Retirement System boosted its holdings in EPR Properties by 27.9% in the 1st quarter. California State Teachers Retirement System now owns 92,688 shares of the real estate investment trust’s stock worth $4,631,000 after buying an additional 20,198 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in EPR Properties by 20.9% in the 1st quarter. Quantinno Capital Management LP now owns 1,572,738 shares of the real estate investment trust’s stock worth $78,574,000 after buying an additional 272,335 shares during the period. 74.66% of the stock is owned by institutional investors.
About EPR Properties
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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