Is EPR Properties Stock a Buy?
EPR Properties (NYSE: EPR) used to be known as Entertainment Properties, and that's a pretty fair description of what the real estate investment trust (REIT) owns. This is an interesting focus in the REIT sector, but one that was not good during the early stages of the coronavirus pandemic. There are still lingering impacts from that period, but EPR increasingly looks like it can handle the situation while continuing to support its hefty dividend, which at the current share price yields 6.8%.
Like most REITs, EPR owns properties, but it has a unique focus on assets that bring people together into group settings for "experiences" -- think amusement parks, skiing, and movies, among other things. During the early stages of the pandemic, when people were socially distancing and many businesses deemed nonessential were temporarily shuttered by the government, EPR's tenants were facing a tough situation. To make sure that it could deal with the potential hit to rent collections, EPR suspended its dividend.
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Source Fool.com
