#6 - EPR Properties (NYSE:EPR)
EPR Properties (NYSE: EPR) - Real estate investment trusts (REITs) are another popular stock sector for retirees. The conventional wisdom is that baby boomers who are looking for senior housing can invest in REITs that specialize in that area. A contrarian play to that is to look at the generation that has become a larger generation than the baby boomers, the millennials. This generation is becoming known as the "experience" generation, and EPR Properties is well-positioned to take advantage of the buying power that comes from this demographic.
EPR Properties owns properties that focus on entertainment (such as megaplex theaters which are changing the experience of "going to the movies"), recreation (think ski resorts and golf complexes that are making a comeback) and education (public charter schools, private schools, and early education centers). Each of these areas is primed for growth particularly as the millennial generation now are having school-age children and they are looking to have experiences with them. To that point, the company is looking at expanding into other entertainment properties such as zoos, stadiums, live theaters, and race tracks.
EPR is a very attractive dividend stock, paying a yield of just below 6.5% with a dividend payout of less than 75% of its adjusted FFO. This means that the dividend should be very sustainable for the future.
About EPR Properties
EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.
Read More - Current Price
- $45.02
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $48.28 (7.2% Upside)
