EPR Properties Upgraded, Broadstone Net Lease Downgraded by Citizens
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2026
0mins
Source: seekingalpha
- EPR Properties Upgrade: Citizens upgraded EPR Properties from Market Perform to Market Outperform with a price target of $70, reflecting optimism about its investment deployment and operational trends, particularly with the movie industry's rebound potential throughout the remainder of 2026.
- Improved Rent Coverage Outlook: Analysts noted that EPR Properties is expected to see improved rent coverage as its portfolio operating trends remain resilient, which will support the company's future financial performance and enhance its competitive position in the market.
- Broadstone Net Lease Downgrade: In contrast, Broadstone Net Lease was downgraded to Market Perform, reflecting its stock price trading in line with Citizens' prior $21 price target, despite its leverage trending well ahead of the sector average.
- Expansion of Development Pipeline: Broadstone's expanding development pipeline is expected to keep its financial metrics elevated, and despite the downgrade, analysts remain optimistic about its future growth, believing its market position remains solid.
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Analyst Views on EPR
Wall Street analysts forecast EPR stock price to fall
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 57.640
Low
54.00
Averages
57.29
High
62.75
Current: 57.640
Low
54.00
Averages
57.29
High
62.75
About EPR
EPR Properties is a diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. The Company operates through two segments: Experiential and Education. The Experiential segment consists of approximately 150 theatre properties, 64 eat and play properties, 26 attraction properties, 11 ski properties, four experiential lodging properties, 24 fitness and wellness properties, one cultural property, and one gaming property. The Company’s Education segment consists of property types, which include approximately 46 early childhood education center properties and nine private school properties. The Company's investment portfolio includes ownership of and long-term mortgages on Experiential and Education properties. All the Company's owned single-tenant properties are leased under long-term, triple-net leases. Its properties are located in over 43 states and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
EPR Properties Upgraded, Broadstone Net Lease Downgraded by Citizens
- EPR Properties Upgrade: Citizens upgraded EPR Properties from Market Perform to Market Outperform with a price target of $70, reflecting optimism about its investment deployment and operational trends, particularly with the movie industry's rebound potential throughout the remainder of 2026.
- Improved Rent Coverage Outlook: Analysts noted that EPR Properties is expected to see improved rent coverage as its portfolio operating trends remain resilient, which will support the company's future financial performance and enhance its competitive position in the market.
- Broadstone Net Lease Downgrade: In contrast, Broadstone Net Lease was downgraded to Market Perform, reflecting its stock price trading in line with Citizens' prior $21 price target, despite its leverage trending well ahead of the sector average.
- Expansion of Development Pipeline: Broadstone's expanding development pipeline is expected to keep its financial metrics elevated, and despite the downgrade, analysts remain optimistic about its future growth, believing its market position remains solid.
See More
Latest Ratings and Outlook from Wall Street
- Optimistic Outlook for SpaceX: Wolfe initiates SpaceX with an outperform rating, highlighting its ability to bring launch costs near zero, creating a competitive moat that could significantly enhance the company's valuation.
- Broadcom Maintains Buy Rating: UBS reiterates its buy rating on Broadcom despite concerns regarding its partnership with Google, suggesting that recent roadmap changes and supply challenges may impact future earnings.
- Williams-Sonoma Upgraded to Buy: Bank of America upgrades Williams-Sonoma from neutral to buy, citing its strong performance in the consumer discretionary sector and expectations of continued market share gains.
- Positive Outlook for Avalo Therapeutics: Bank of America expresses bullish sentiment on Avalo Therapeutics' skin disease treatment, initiating coverage with a buy rating and a $35 price target based on positive clinical trial results.
See More
Domestic Movie Ticket Sales Reach Post-Pandemic Highs
- Significant Box Office Growth: Year-to-date, domestic movie ticket sales have reached $3.7 billion, reflecting a 10% increase from last year and a 40% increase from two years ago, indicating a robust recovery in the market post-pandemic that is expected to drive revenue growth for related companies.
- AMC and Cinemark Outlook: Analysts forecast double-digit revenue growth for both AMC and Cinemark this year; despite AMC's stock price being nearly halved over the past year, its market performance still holds potential, particularly against the backdrop of a recovering box office.
- IMAX and Low-Budget Films: While IMAX typically relies on blockbuster releases, recent low-budget films like 'Backrooms' and 'Obsession' have performed well, generating $80 million in admissions, highlighting audience demand for diverse content.
- Investment Opportunity in EPR Properties: As a REIT owning multiple theaters, EPR Properties offers a 6.4% yield; despite the risk of AMC defaulting on leases, its diversified portfolio makes it an attractive option even amid economic slowdowns.
See More
US Box Office Recovery: AMC Stock Struggles Despite Surge
- Box Office Recovery: The US box office has reached $3.7 billion in 2023, reflecting a 10% increase from last year and a 40% increase from two years ago, indicating a strong post-pandemic recovery, yet AMC's stock has halved over the past year, raising concerns about its future profitability.
- Competitor Performance: Cinemark has been profitable since 2023 and is projected to grow revenues by 11% to 12% this year, while AMC is not expected to turn a profit until 2029, highlighting Cinemark's superior financial health and potentially attracting investor interest.
- IMAX Market Dynamics: Although IMAX's recent ticket sales surge is driven by low-budget films, its upcoming blockbuster lineup is expected to drive revenue growth, with a price-to-earnings ratio of 23, indicating market confidence in its profitability, contrasting with AMC's financial struggles.
- EPR Property Investment: As a landlord for several theaters, EPR Properties' diversified portfolio mitigates risks, and while AMC may face default risks, EPR's 6.4% dividend yield provides a stable cash flow for investors seeking income, making it an attractive option.
See More
EPR Properties CEO to Present at Nareit's REITweek 2026
- Conference Presentation: EPR Properties' Chairman and CEO Gregory Silvers will present at the Nareit REITweek 2026 in New York on June 2, 2026, at 1:45 PM ET, outlining the company's strategic vision and outlook in the REIT sector.
- Webcast Availability: The presentation will be accessible via an audio-only webcast and replay on the company's Investor Center website, enhancing transparency and investor relations by allowing stakeholders to access information at their convenience.
- Company Overview: EPR Properties is a leading diversified experiential net lease REIT, focusing on leisure and recreation properties that create value, with total assets of approximately $5.7 billion across 42 states and Canada, indicating its extensive market presence.
- Investment Criteria: The company adheres to rigorous underwriting and investing standards centered on key industry, property, and tenant cash flow metrics, aiming to provide stable and attractive returns through a focused investment strategy that enhances its competitive advantage.
See More
REIT Sector Outperforms Broader Market Amid Earnings Season
- ETF Performance: The State Street Real Estate Select Sector SPDR ETF (XLRE) has gained 10.87% year-to-date in 2026, outperforming the S&P 500's 9.17% return, indicating strong performance in the REIT sector amidst market fluctuations.
- Quarterly Earnings Comparison: In Q1, XLRE posted a 1.11% gain while the S&P 500 declined by 4.81%, demonstrating the resilience and investment appeal of the REIT sector during economic volatility.
- Mortgage Rate Fluctuations: Freddie Mac reported an increase in the average 30-year fixed mortgage rate to 6.51% from 6.36% the previous week, although it remains below last year's 6.86%, highlighting the sensitivity of the housing market to interest rate changes.
- Quant Rating Analysis: Among mid-cap REITs, EPR Properties received a strong buy rating with a quant score of 4.83, while CareTrust REIT and Healthcare Realty Trust also showed strong ratings, reflecting market confidence and growth potential in these companies.
See More
EPR Properties Upgraded, Broadstone Net Lease Downgraded by Citizens
- EPR Properties Upgrade: Citizens upgraded EPR Properties from Market Perform to Market Outperform with a price target of $70, reflecting optimism about its investment deployment and operational trends, particularly with the movie industry's rebound potential throughout the remainder of 2026.
- Improved Rent Coverage Outlook: Analysts noted that EPR Properties is expected to see improved rent coverage as its portfolio operating trends remain resilient, which will support the company's future financial performance and enhance its competitive position in the market.
- Broadstone Net Lease Downgrade: In contrast, Broadstone Net Lease was downgraded to Market Perform, reflecting its stock price trading in line with Citizens' prior $21 price target, despite its leverage trending well ahead of the sector average.
- Expansion of Development Pipeline: Broadstone's expanding development pipeline is expected to keep its financial metrics elevated, and despite the downgrade, analysts remain optimistic about its future growth, believing its market position remains solid.
See More
Latest Ratings and Outlook from Wall Street
- Optimistic Outlook for SpaceX: Wolfe initiates SpaceX with an outperform rating, highlighting its ability to bring launch costs near zero, creating a competitive moat that could significantly enhance the company's valuation.
- Broadcom Maintains Buy Rating: UBS reiterates its buy rating on Broadcom despite concerns regarding its partnership with Google, suggesting that recent roadmap changes and supply challenges may impact future earnings.
- Williams-Sonoma Upgraded to Buy: Bank of America upgrades Williams-Sonoma from neutral to buy, citing its strong performance in the consumer discretionary sector and expectations of continued market share gains.
- Positive Outlook for Avalo Therapeutics: Bank of America expresses bullish sentiment on Avalo Therapeutics' skin disease treatment, initiating coverage with a buy rating and a $35 price target based on positive clinical trial results.
See More
Domestic Movie Ticket Sales Reach Post-Pandemic Highs
- Significant Box Office Growth: Year-to-date, domestic movie ticket sales have reached $3.7 billion, reflecting a 10% increase from last year and a 40% increase from two years ago, indicating a robust recovery in the market post-pandemic that is expected to drive revenue growth for related companies.
- AMC and Cinemark Outlook: Analysts forecast double-digit revenue growth for both AMC and Cinemark this year; despite AMC's stock price being nearly halved over the past year, its market performance still holds potential, particularly against the backdrop of a recovering box office.
- IMAX and Low-Budget Films: While IMAX typically relies on blockbuster releases, recent low-budget films like 'Backrooms' and 'Obsession' have performed well, generating $80 million in admissions, highlighting audience demand for diverse content.
- Investment Opportunity in EPR Properties: As a REIT owning multiple theaters, EPR Properties offers a 6.4% yield; despite the risk of AMC defaulting on leases, its diversified portfolio makes it an attractive option even amid economic slowdowns.
See More
US Box Office Recovery: AMC Stock Struggles Despite Surge
- Box Office Recovery: The US box office has reached $3.7 billion in 2023, reflecting a 10% increase from last year and a 40% increase from two years ago, indicating a strong post-pandemic recovery, yet AMC's stock has halved over the past year, raising concerns about its future profitability.
- Competitor Performance: Cinemark has been profitable since 2023 and is projected to grow revenues by 11% to 12% this year, while AMC is not expected to turn a profit until 2029, highlighting Cinemark's superior financial health and potentially attracting investor interest.
- IMAX Market Dynamics: Although IMAX's recent ticket sales surge is driven by low-budget films, its upcoming blockbuster lineup is expected to drive revenue growth, with a price-to-earnings ratio of 23, indicating market confidence in its profitability, contrasting with AMC's financial struggles.
- EPR Property Investment: As a landlord for several theaters, EPR Properties' diversified portfolio mitigates risks, and while AMC may face default risks, EPR's 6.4% dividend yield provides a stable cash flow for investors seeking income, making it an attractive option.
See More
EPR Properties CEO to Present at Nareit's REITweek 2026
- Conference Presentation: EPR Properties' Chairman and CEO Gregory Silvers will present at the Nareit REITweek 2026 in New York on June 2, 2026, at 1:45 PM ET, outlining the company's strategic vision and outlook in the REIT sector.
- Webcast Availability: The presentation will be accessible via an audio-only webcast and replay on the company's Investor Center website, enhancing transparency and investor relations by allowing stakeholders to access information at their convenience.
- Company Overview: EPR Properties is a leading diversified experiential net lease REIT, focusing on leisure and recreation properties that create value, with total assets of approximately $5.7 billion across 42 states and Canada, indicating its extensive market presence.
- Investment Criteria: The company adheres to rigorous underwriting and investing standards centered on key industry, property, and tenant cash flow metrics, aiming to provide stable and attractive returns through a focused investment strategy that enhances its competitive advantage.
See More
REIT Sector Outperforms Broader Market Amid Earnings Season
- ETF Performance: The State Street Real Estate Select Sector SPDR ETF (XLRE) has gained 10.87% year-to-date in 2026, outperforming the S&P 500's 9.17% return, indicating strong performance in the REIT sector amidst market fluctuations.
- Quarterly Earnings Comparison: In Q1, XLRE posted a 1.11% gain while the S&P 500 declined by 4.81%, demonstrating the resilience and investment appeal of the REIT sector during economic volatility.
- Mortgage Rate Fluctuations: Freddie Mac reported an increase in the average 30-year fixed mortgage rate to 6.51% from 6.36% the previous week, although it remains below last year's 6.86%, highlighting the sensitivity of the housing market to interest rate changes.
- Quant Rating Analysis: Among mid-cap REITs, EPR Properties received a strong buy rating with a quant score of 4.83, while CareTrust REIT and Healthcare Realty Trust also showed strong ratings, reflecting market confidence and growth potential in these companies.
See More
