HIW - EPR downgraded Highwood upgraded in REIT outlook rebalance at Janney

Janney Montgomery Scott analyst Robert Stevenson downgrades EPR Properties (EPR) to Neutral as the stock nears his $35 fair value estimate and the REIT's largest tenant segment continues to face a challenging environment.Still, EPR shares surge 6.0% in late morning trading on East Coast time.Stevenson said he still likes EPR's business model for the long-run. Clearly, movie theater tenants still struggle amid the pandemic.Boosts Highwoods Properties ([[HIW]] +0.4%) to Buy on the strength of its business model and management team. Stevenson also points to the REIT's ability to add value through the development pipeline and "our belief that its high-quality sunbelt office portfolio will remain in demand."On Jan. 7, Jussi Askola points out that EPR is not just movie theaters and estimates a 50%-%100% upside potential.

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EPR downgraded, Highwood upgraded in REIT outlook rebalance at Janney