An Eye on the Yield
EPR Properties is making waves in the trading world as its 9.00% Series E Cumulative Convertible Preferred Shares (Symbol: EPR.PRE) surpassed the 8% yield threshold on Wednesday. The annualized dividend of $2.25 is sending ripples through the market, with shares dipping as low as $28.10 during the day’s transactions. This impressive display puts EPR.PRE ahead of the game, outstripping the average 7.71% yield in the “Real Estate” preferred stock category, as reported by Preferred Stock Channel. Furthermore, at the close of the trading day, EPR.PRE was trading at a 13.00% premium compared to its liquidation preference amount, a stark deviation from the average discount of 12.67% within the “Real Estate” sector.
Unlocking Conversion Potential
Keep in mind that these preferred shares hold a trick up their sleeves — they are convertibles with a conversion ratio of 0.4512. This feature adds an exciting dimension to the investment, offering the potential for shareholders to transition to common stock based on the stipulated terms.
Tracking the Performance
As depicted in the Performance Comparison Chart, EPR Properties’ 9.00% Series E Cumulative Convertible Preferred Shares are displaying resilience, showing a 0.1% increase in Wednesday’s trading. In contrast, the common shares (Symbol: EPR) faced a minor setback, declining by about 1.1%.
Delving into the Past
For a glimpse into history, the dividend history chart for EPR.PRE provides a visual journey through the past dividend payments made on the 9.00% Series E Cumulative Convertible Preferred Shares offered by EPR Properties.
Below is a dividend history chart for EPR.PRE, showing historical dividend payments on EPR Properties’s 9.00% Series E Cumulative Convertible Preferred Shares:
In Wednesday trading, EPR Properties’s 9.00% Series E Cumulative Convertible Preferred Shares (Symbol: EPR.PRE) is currently up about 0.1% on the day, while the common shares (Symbol: EPR) are down about 1.1%.
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Also see:
ETF Fund Flows
HIW Average Annual Return
Agenus Historical PE Ratio
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
