Purchase 31 aandelen EPR Properties

Last week I purchased 31 stocks EPR Properties for $29,21 including costs. With this purchase I double my position in EPR Properties.

The stock is down over 70% versus it’s 52 weeks high as tennants of EPR Properties are almost totally closed due to Corona virus. These worries are totally justified as the tennants are having none or close to none income as long as their venues are closed.

EPR Properties announced an $150 million share buy-back as they consider the value of their stock to be way to low. At the moment there seems to be 2 opinions about EPR Properties at the moment: 1 group is considering EPR Properties basically dead as all their tennants are out of money. The second group is seeing short term problems for tennants, but that at some point business will be (close to) usuall and that the price is not reflecting this.

I also consider the price to low despite short term problems and purchased 31 shares. With this purchase my estimated dividend income will increase by $55,08 if the dividend is maintained.

This is a big “if” in the current market, but nevertheless I double my position in this company.

Purchase of 30 shares EPR Properties

Today I purchased 30 shares EPR Properties at a price of $64,22. EPR Properties is a REIT investing in Entertainment property, Recreation property and Education property. This means that EPR is specialized in investing in for example cinema complexes, golf complexes, waterparks, schools, etc.

EPR Properties is at the moment paying a monthly dividend of $0,34 per share. This is $4,08 per year and the yield on cost will be 6,35% at the current dividend level.

With this purchase I add an expected yearly dividend of $122,4 or €101,42.