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Should You Buy EPR Properties While It's Below $55?
EPR Properties (NYSE: EPR) made a hard, but necessary, decision during the coronavirus pandemic's height. It suspended its dividend to ensure that it had the liquidity to survive and help its tenants survive.Although the dividend is back, and growing again, Wall Street is still worried about the stock, which remains well below its pre-pandemic highs. Is this an opportunity for investors to buy the stock, which has bumped up against the $55 price level a few times only to retreat again?EPR Properties owns experiential real estate. That basically means its properties are meant to bring people together in group settings. The portfolio includes assets like amusement parks, ski resorts, and movie theaters. Although the nature of these properties protects them from the effect of the shift toward online life, it is easy to see how a global health crisis was a major problem. Indeed, COVID spread most easily in group settings, and management had little choice but to suspend the dividend given the uncertainty during the pandemic.Continue reading
EPR Properties (NYSE: EPR) made a hard, but necessary, decision during the coronavirus pandemic's height. It suspended its dividend to ensure that it had the liquidity to survive and help its tenants survive.
Although the dividend is back, and growing again, Wall Street is still worried about the stock, which remains well below its pre-pandemic highs. Is this an opportunity for investors to buy the stock, which has bumped up against the $55 price level a few times only to retreat again?
EPR Properties owns experiential real estate. That basically means its properties are meant to bring people together in group settings. The portfolio includes assets like amusement parks, ski resorts, and movie theaters. Although the nature of these properties protects them from the effect of the shift toward online life, it is easy to see how a global health crisis was a major problem. Indeed, COVID spread most easily in group settings, and management had little choice but to suspend the dividend given the uncertainty during the pandemic.
