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EPR Properties Declares Over 6% Dividend Hike: Time to Buy?
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EPR Properties (EPR - Free Report) declared a 6.25% hike in its monthly dividend rate, delighting its shareholders. The company will now pay a dividend of 34 cents per share, up from 32 cents paid earlier. The raised dividend will be paid on Feb 15, to shareholders of record as on Jan 31, 2017.
Based on the increased rate, the annual dividend comes to $4.08 a share, resulting in an annualized yield of about 5.43%, considering EPR Properties’ closing price of $75.10 on Jan 17. Given that the company’s dividend yield surpasses the industry average of 4.05%, the stock is likely to draw investors’ attention ahead.
In fact, solid dividend payouts are arguably the biggest enticement for REIT investors and this represents EPR Properties’ seventh straight year with an annual dividend hike.
We believe that EPR Properties’ dividend hike highlights its sturdy portfolio, which generates healthy cash flows, as well as its positive growth outlook. It is a specialty real estate investment trust (REIT) investing in three primary segments: Entertainment, Recreation and Education. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties.
Further, this Zacks Rank #2 (Buy) stock came up with an earnings surprise of 0.82% in the last reported quarter. Its long-term growth rate of 8.3% is ahead of the industry average of 5.5%. Moreover, the company has current cash flow growth of 17.09% against the industry average of 10.27%. This is likely to aid the company in sustaining its dividend payout to equity investors.
Over the past one year, shares of EPR Properties surged 36.72%, outperforming the 4.41% increase of the REIT and Equity Trust – Retail industry.
Apart from EPR Properties, recently Omega Healthcare Investors, Inc. (OHI - Free Report) announced a 1.6% hike in its quarterly cash dividend. The company will now pay a dividend of 62 cents per share, up from 61 cents paid earlier. The raised dividend will be paid on Feb 15 to shareholders of record as on Jan 31, 2017.
Mack-Cali’s 2016 FFO per share estimates inched up 1.9%, over the past 60 days, to $2.20.
For Urban Edge Properties, the projected growth rate for FFO per share is 37.6% for 2016 and 6.3% for 2017.
Note: Funds from operations (“FFO”) a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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EPR Properties Declares Over 6% Dividend Hike: Time to Buy?
EPR Properties (EPR - Free Report) declared a 6.25% hike in its monthly dividend rate, delighting its shareholders. The company will now pay a dividend of 34 cents per share, up from 32 cents paid earlier. The raised dividend will be paid on Feb 15, to shareholders of record as on Jan 31, 2017.
Based on the increased rate, the annual dividend comes to $4.08 a share, resulting in an annualized yield of about 5.43%, considering EPR Properties’ closing price of $75.10 on Jan 17. Given that the company’s dividend yield surpasses the industry average of 4.05%, the stock is likely to draw investors’ attention ahead.
In fact, solid dividend payouts are arguably the biggest enticement for REIT investors and this represents EPR Properties’ seventh straight year with an annual dividend hike.
We believe that EPR Properties’ dividend hike highlights its sturdy portfolio, which generates healthy cash flows, as well as its positive growth outlook. It is a specialty real estate investment trust (REIT) investing in three primary segments: Entertainment, Recreation and Education. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties.
Further, this Zacks Rank #2 (Buy) stock came up with an earnings surprise of 0.82% in the last reported quarter. Its long-term growth rate of 8.3% is ahead of the industry average of 5.5%. Moreover, the company has current cash flow growth of 17.09% against the industry average of 10.27%. This is likely to aid the company in sustaining its dividend payout to equity investors.
Over the past one year, shares of EPR Properties surged 36.72%, outperforming the 4.41% increase of the REIT and Equity Trust – Retail industry.
Apart from EPR Properties, recently Omega Healthcare Investors, Inc. (OHI - Free Report) announced a 1.6% hike in its quarterly cash dividend. The company will now pay a dividend of 62 cents per share, up from 61 cents paid earlier. The raised dividend will be paid on Feb 15 to shareholders of record as on Jan 31, 2017.
Investors interested in the REIT industry can also consider other similarly-ranked stocks like Mack-Cali Realty Corp. and Urban Edge Properties (UE - Free Report) . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Mack-Cali’s 2016 FFO per share estimates inched up 1.9%, over the past 60 days, to $2.20.
For Urban Edge Properties, the projected growth rate for FFO per share is 37.6% for 2016 and 6.3% for 2017.
Note: Funds from operations (“FFO”) a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>