EPR Properties' Series C Preferred Shares Cross 6% Yield Mark
EPR Properties' Series C Preferred Shares Cross 6% Yield Mark
In trading on Thursday, shares of EPR Properties's 5.75% Series C Cumulative Convertible Preferred Shares (Symbol: EPR.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4375), with shares changing hands as low as $23.70 on the day. This compares to an average yield of 7.26% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, EPR.PRC was trading at a 2.08% discount to its liquidation preference amount, versus the average discount of 8.44% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.3504.
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Below is a dividend history chart for EPR.PRC, showing historical dividend payments on EPR Properties's 5.75% Series C Cumulative Convertible Preferred Shares:
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In Thursday trading, EPR Properties's 5.75% Series C Cumulative Convertible Preferred Shares (Symbol: EPR.PRC) is currently off about 3% on the day, while the common shares (Symbol: EPR) are down about 3.1%.