JPMorgan Trims EPR Properties (EPR) Target but Maintains Overweight View

EPR Properties (NYSE:EPR) is included among the 13 Highest Paying Monthly Dividend Stocks to Buy.

JPMorgan Trims EPR Properties (EPR) Target but Maintains Overweight View

On December 2, JPMorgan lowered its price target on EPR Properties (NYSE:EPR) to $58 from $65 and kept an Overweight rating on the stock. The firm cut its 2026 and 2027 estimates to reflect lower deal volume, no Catskills land sale, and softer percentage rent assumptions.

A few days later, on December 4, EPR Properties (NYSE:EPR) announced the completion of the acquisition and leaseback of a five-property portfolio of championship golf courses. It also closed on the acquisition and leaseback of the Ocean Breeze Water Park in Virginia Beach, Virginia. The combined investments totaled $113 million and carry a blended cap rate of 8.6%.

With these deals and other investments, EPR Properties (NYSE:EPR) now expects total investment spending of about $285 million. That’s above its earlier guidance range of $225 million to $275 million. The golf portfolio includes five semi-private championship courses in the Dallas metro area. Each site offers full-service food and beverage options and complete practice facilities. The properties will be leased to and operated by Advance Golf Partners, a group with experience running daily-fee golf courses.

EPR Properties (NYSE:EPR) focuses on experiential real estate. Its portfolio includes movie theaters, eat-and-play venues, casinos, ski resorts, gaming properties, themed lodging, amusement and water parks, fitness centers, and similar destinations.

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Disclosure: None.