EPR Properties (EPR) Declares $0.28 Dividend
EPR Properties said on March 15, 2023 that its board of directors declared a regular monthly dividend of $0.28 per share ($3.30 annualized). Previously, the company paid $0.28 per share.
Shares must be purchased before the ex-div date of March 30, 2023 to qualify for the dividend. Shareholders of record as of March 31, 2023 will receive the payment on April 17, 2023.
At the current share price of $37.20 / share, the stock's dividend yield is 8.87%. Looking back five years and taking a sample every week, the average dividend yield has been 7.02%, the lowest has been 5.67%, and the highest has been 26.39%. The standard deviation of yields is 2.58 (n=177).
The current dividend yield is 0.72 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.41. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.27%.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
Analyst Price Forecast Suggests 21.04% Upside
As of March 16, 2023, the average one-year price target for EPR Properties is $45.03. The forecasts range from a low of $40.40 to a high of $49.35. The average price target represents an increase of 21.04% from its latest reported closing price of $37.20.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for EPR Properties is $566MM, a decrease of 13.58%. The projected annual non-GAAP EPS is $2.55.
What is the Fund Sentiment?
There are 677 funds or institutions reporting positions in EPR Properties. This is a decrease of 2 owner(s) or 0.29% in the last quarter. Average portfolio weight of all funds dedicated to EPR is 0.17%, a decrease of 9.64%. Total shares owned by institutions increased in the last three months by 0.52% to 67,480K shares. The put/call ratio of EPR is 1.39, indicating a bearish outlook.
What are Large Shareholders Doing?
Invesco holds 5,784K shares representing 7.68% ownership of the company. In it's prior filing, the firm reported owning 5,877K shares, representing a decrease of 1.60%. The firm decreased its portfolio allocation in EPR by 5.79% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 3,400K shares representing 4.52% ownership of the company. In it's prior filing, the firm reported owning 3,439K shares, representing a decrease of 1.14%. The firm decreased its portfolio allocation in EPR by 14.59% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,317K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 2,189K shares, representing an increase of 5.52%. The firm decreased its portfolio allocation in EPR by 2.83% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,275K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 2,253K shares, representing an increase of 0.96%. The firm decreased its portfolio allocation in EPR by 1.92% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,933K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 1,905K shares, representing an increase of 1.45%. The firm decreased its portfolio allocation in EPR by 1.18% over the last quarter.
EPR Properties Background Information
(This description is provided by the company.)
EPR Properties is a leading experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. The company focuses on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. The company has nearly $6.5 billion in total investments across 44 states. EPR Properties adheres to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. The company believe its focused approach provides a competitive advantage and the potential for stable and attractive returns.
This story originally appeared on Fintel.