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Recommendations
EPR Properties price target raised to $25 from $16 at Citi » 07:04
07/02/20
07/02
07:04
07/02/20
07:04
EPR

EPR Properties

$33.62 /

+0.49 (+1.48%)

Citi analyst Michael…

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EPR EPR Properties
$33.62 /

+0.49 (+1.48%)

EPR EPR Properties
$33.62 /

+0.49 (+1.48%)

05/27/20 RBC Capital
EPR Properties price target lowered to $40 from $45 at RBC Capital
04/22/20 JPMorgan
JPMorgan downgrades EPR after only15% of April rents get collected
04/22/20 JPMorgan
EPR Properties downgraded to Neutral from Overweight at JPMorgan
04/08/20 RBC Capital
EPR Properties has highest concentration of AMC leases, says RBC Capital
EPR EPR Properties
$33.62 /

+0.49 (+1.48%)

EPR EPR Properties
$33.62 /

+0.49 (+1.48%)

Over a month ago
Recommendations
EPR Properties price target lowered to $40 from $45 at RBC Capital » 06:55
05/27/20
05/27
06:55
05/27/20
06:55
EPR

EPR Properties

$32.27 /

+2.11 (+7.00%)

RBC Capital analyst…

RBC Capital analyst Michael Carroll lowered the firm's price target on EPR Properties to $40 from $45 but keeps an Outperform rating on the shares with a new Speculative Risk qualifier. The company has built a quality experiential based real estate portfolio, but its tenants were forced to largely shut down in the attempt to slow the outbreak of COVID-19, the analyst tells investors in a research note. As the economy begins to re-open however, Carroll believes that EPR will deliver improving results.

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EPR EPR Properties
$32.27 /

+2.11 (+7.00%)

EPR EPR Properties
$32.27 /

+2.11 (+7.00%)

04/22/20 JPMorgan
JPMorgan downgrades EPR after only15% of April rents get collected
04/22/20 JPMorgan
EPR Properties downgraded to Neutral from Overweight at JPMorgan
04/08/20 RBC Capital
EPR Properties has highest concentration of AMC leases, says RBC Capital
04/07/20 Citi
EPR Properties downgraded to Sell from Neutral at Citi
EPR EPR Properties
$32.27 /

+2.11 (+7.00%)

EPR EPR Properties
$32.27 /

+2.11 (+7.00%)

Earnings
EPR Properties reports Q1 AFFO $1.14, consensus $1.15 » 16:21
05/06/20
05/06
16:21
05/06/20
16:21
EPR

EPR Properties

$26.52 /

-0.49 (-1.81%)

Reports Q1 revenue…

Reports Q1 revenue $151.01M, consensus $145.91M. "As we continue to navigate our way through these uncertain times, the health and safety of our employees and customers remain our top priority," stated Company President and CEO Greg Silvers. "Given the shelter-in-place and social distancing directives, the majority of our tenants have been particularly impacted given the Company's focus on experiential real estate. We have established an internal task force focused on COVID-19 to work with our tenants and borrowers in the near-term to help ensure long-term stability, and assist them in establishing re-opening plans. Today we are announcing further measures to ensure our liquidity, including the temporary suspension of our monthly cash dividend to common shareholders and a planned suspension of our share repurchase program. We do not take these steps lightly; however, given the uncertainties that exist, we believed it unwise to burden our future with a higher leveraged balance sheet."

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EPR EPR Properties
$26.52 /

-0.49 (-1.81%)

04/22/20 JPMorgan
JPMorgan downgrades EPR after only15% of April rents get collected
04/22/20 JPMorgan
EPR Properties downgraded to Neutral from Overweight at JPMorgan
04/08/20 RBC Capital
EPR Properties has highest concentration of AMC leases, says RBC Capital
04/07/20 Citi
EPR Properties downgraded to Sell from Neutral at Citi
Downgrade
JPMorgan downgrades EPR after only15% of April rents get collected » 08:29
04/22/20
04/22
08:29
04/22/20
08:29
EPR

EPR Properties

$23.38 /

-0.43 (-1.81%)

, AMC

AMC Entertainment

$3.25 /

+0.065 (+2.04%)

JPMorgan analyst Anthony…

JPMorgan analyst Anthony Paolone downgraded EPR Properties (EPR) to Neutral from Overweight with a price target of $30, down from $53. The company announced last night that it has collected 15% of its April rent, which is likely to be among the lowest in the real estate investment trust group, Paolone tells investors in a research note. Movie theaters account for about 45% of scheduled revenue for EPR, and AMC Entertainment (AMC) alone amounts to about 42% of that 45% or 18% of total company revenue, adds the analyst. Paolone thinks it could take two years for EPR to get back to collecting 85% of originally scheduled rents.

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EPR EPR Properties
$23.38 /

-0.43 (-1.81%)

04/22/20 JPMorgan
EPR Properties downgraded to Neutral from Overweight at JPMorgan
04/08/20 RBC Capital
EPR Properties has highest concentration of AMC leases, says RBC Capital
04/07/20 Citi
EPR Properties downgraded to Sell from Neutral at Citi
01/16/20
Fly Intel: Top five analyst upgrades
AMC AMC Entertainment
$3.25 /

+0.065 (+2.04%)

04/20/20
Fly Intel: Top five analyst upgrades
04/20/20 B. Riley FBR
B. Riley FBR upgrades AMC to Neutral on confidence in avoiding Chapter 11
04/20/20 B. Riley FBR
AMC Entertainment upgraded to Neutral from Sell at B. Riley FBR
04/17/20 B. Riley FBR
White House guidelines give some clarity to film exhibitors, says B. Riley FBR
Downgrade
EPR Properties downgraded to Neutral from Overweight at JPMorgan » 05:39
04/22/20
04/22
05:39
04/22/20
05:39
EPR

EPR Properties

$23.38 /

-0.43 (-1.81%)

JPMorgan analyst Anthony…

JPMorgan analyst Anthony Paolone downgraded EPR Properties to Neutral from Overweight with a $30 price target.

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EPR EPR Properties
$23.38 /

-0.43 (-1.81%)

04/08/20 RBC Capital
EPR Properties has highest concentration of AMC leases, says RBC Capital
04/07/20 Citi
EPR Properties downgraded to Sell from Neutral at Citi
01/16/20
Fly Intel: Top five analyst upgrades
01/16/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
Hot Stocks
EPR Properties says impact of pandemic has increased 'significantly » 16:16
04/21/20
04/21
16:16
04/21/20
16:16
EPR

EPR Properties

$23.35 /

-0.46 (-1.93%)

EPR Properties provided…

EPR Properties provided an update on the impact of COVID-19 on its operations and financial condition and announced that it will hold its earnings call for first quarter 2020 on Thursday, May 7, 2020 at 8:30 a.m. EDT. Since the Company last issued an update on the impact of COVID-19 to its operations on March 24, 2020, the impact of the pandemic has increased significantly with the temporary closing of substantially all of its customers' operations. As discussed in the prior update, the Company is committed to working with its customers for our long-term mutual benefit. Since the prior update, tenants and borrowers have paid approximately 15% of April 2020 contractual base rent and mortgage payments. The Company has agreed to defer the rent and mortgage payments on a month-to-month basis for substantially all of the customers that have not paid rent for the month of April 2020. While deferments for this period delay rent or mortgage payments, these deferments generally do not release tenants from the obligation to pay the deferred amounts in the future.Several larger tenants of the Company have recently announced additional sources of liquidity including the Company's largest tenant, American Multi-Cinema, Inc. or "AMC," representing approximately 18% of the Company's total revenue for the year ended December 31, 2019. On April 17, 2020, AMC's parent announced the pricing of a private offering of $500.0 million of first lien notes and has indicated that these additional proceeds would provide it with sufficient liquidity to withstand a global suspension of operations until a partial reopening ahead of Thanksgiving. Despite this increase in short term liquidity, the Company believes it is prudent to begin recognizing revenue for AMC on a cash basis. Accordingly, the Company will record a non-cash write-off of straight-line rent receivable of approximately $12.5 million for the quarter ended March 31, 2020 related to AMC as well as two small tenants where a similar assessment has been made that cash accounting is appropriate.

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EPR EPR Properties
$23.35 /

-0.46 (-1.93%)

04/08/20 RBC Capital
EPR Properties has highest concentration of AMC leases, says RBC Capital
04/07/20 Citi
EPR Properties downgraded to Sell from Neutral at Citi
01/16/20
Fly Intel: Top five analyst upgrades
01/16/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
Recommendations
EPR Properties has highest concentration of AMC leases, says RBC Capital » 10:29
04/08/20
04/08
10:29
04/08/20
10:29
EPR

EPR Properties

$21.78 /

+0.24 (+1.11%)

, AMC

AMC Entertainment

$2.98 /

-0.14 (-4.49%)

RBC Capital analyst…

RBC Capital analyst Michael Carroll says the report that AMC (AMC) will stop paying rent to its landlords effective this month is negative for many of the retail and triple net REITs that have leases with the company, but believes it is likely already priced in given the current uncertain economic environment. Carroll notes that EPR Properties (EPR) has the highest concentration, with AMC accounting for 17.7% of annualized rents, and expects the operator will want to keep most of the assets, but on different lease terms.

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EPR EPR Properties
$21.78 /

+0.24 (+1.11%)

04/07/20 Citi
EPR Properties downgraded to Sell from Neutral at Citi
01/16/20
Fly Intel: Top five analyst upgrades
01/16/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
01/15/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
AMC AMC Entertainment
$2.98 /

-0.14 (-4.49%)

04/08/20 Loop Capital
AMC Entertainment downgraded to Sell from Hold at Loop Capital
04/08/20 Loop Capital
AMC Entertainment downgraded to Sell from Hold at Loop Capital
03/26/20 RBC Capital
Cheesecake, AMC news highlight tenants financial stress, says RBC Capital
03/24/20 Credit Suisse
AMC Entertainment downgraded to Neutral from Outperform at Credit Suisse
Downgrade
EPR Properties downgraded to Sell from Neutral at Citi » 05:49
04/07/20
04/07
05:49
04/07/20
05:49
EPR

EPR Properties

$21.05 /

+1.29 (+6.53%)

Citi analyst Michael…

Citi analyst Michael Bilerman downgraded EPR Properties to Sell from Neutral with a price target of $16, down from $74. The analyst sees potential further downside in the shares given the company's 90% exposure to experiential real estate which he notes is meaningfully impacted by shelter in place mandates and near term changes to consumer behavior. Further, Bilerman believes EPR's dividend may be reduced given the 2020 adjusted funds from operations payout ratio is ~100%.

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EPR EPR Properties
$21.05 /

+1.29 (+6.53%)

01/16/20
Fly Intel: Top five analyst upgrades
01/16/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
01/15/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
12/18/19 JPMorgan
JPMorgan makes 17 REIT rating changes in conjunction with 2020 outlook
Over a quarter ago
Hot Stocks
EPR Properties announces $150M stock buyback » 16:20
03/24/20
03/24
16:20
03/24/20
16:20
EPR

EPR Properties

$21.39 /

+4.14 (+24.00%)

EPR Properties provided…

EPR Properties provided the following update regarding the evolving impact of COVID-19. The company announced that its board approved a limited share repurchase program in response to the extraordinary dislocation in the company's stock price. The company may repurchase up to $150 million of common share. CEO Greg Silvers says: "We have the ability to withstand the situation as we currently view it, given the company's strong balance sheet and liquidity position, including a precautionary draw on our line of credit. Also, in response to the market dislocation of our stock price, our board has authorized a limited share repurchase program which we will selectively deploy while carefully considering our liquidity position."

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EPR EPR Properties
$21.39 /

+4.14 (+24.00%)

01/16/20
Fly Intel: Top five analyst upgrades
01/16/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
01/15/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
12/18/19 JPMorgan
JPMorgan makes 17 REIT rating changes in conjunction with 2020 outlook
Hot Stocks
EPR Properties trading resumes  09:53
03/20/20
03/20
09:53
03/20/20
09:53
EPR

EPR Properties

$22.15 /

+4.3 (+24.09%)

 
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EPR EPR Properties
$22.15 /

+4.3 (+24.09%)

01/16/20
Fly Intel: Top five analyst upgrades
01/16/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
01/15/20 SunTrust
EPR Properties upgraded to Buy from Hold at SunTrust
12/18/19 JPMorgan
JPMorgan makes 17 REIT rating changes in conjunction with 2020 outlook

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