VICI - EPR Properties: A Strong Buy With An 8% Yield My Price Target And Strategy
2024-06-26 07:52:52 ET
Summary
- EPR Properties focuses on experiential real estate, offering stellar returns of over 1,300% since 1997.
- Stock trading at half its pre-Covid value, potential buying opportunity with interest rate decline.
- Low price to earnings ratio, strong balance sheet, and high dividend yield make EPR Properties undervalued compared to peers.
EPR Properties ( EPR ) bills itself as "The Diversified Experiential REIT" because of its focus on real estate that tends to be a destination where people enjoy experiences together such as casinos, gyms, concert venues, waterparks, golfing, amusement parks and more. This company has provided stellar returns over the years, with total returns of more than 1,300% since 1997. This REIT once traded at much higher levels and returns were significantly higher at that time. However, like many REIT stocks, it has seen a big drop in valuation due to the aggressive level of interest rate hikes from the Federal Reserve in the past couple of years. I believe this has brought about a potentially significant buying opportunity, so let's take a closer look:
EPR Properties: A Strong Buy With An 8% Yield, My Price Target And Strategy