With real estate investment trusts (REITs) showing strength following the Federal Reserve’s recent announcement of three possible rate cuts in 2024, analysts are scurrying to update their ratings on REITs. A positive start to the week was solidified by two analysts at JP Morgan upgrading six REITs from a cross-section of REIT subsectors. All six REITs were upgraded from Neutral to Overweight.
Take a look at the six REITs receiving upgrades this week.
EPR Properties (NYSE:EPR) is a Kansas City, Missouri-based diversified experiential REIT that owns and operates 288 movie theater chains, amusement parks, ski resorts, fitness centers and other recreational venues with 200 tenants in 44 states. It also owns 71 early childhood education centers and nine private schools for a portfolio of 359 properties.
On Dec. 14, EPR Properties announced its monthly dividend of $0.275 per share, payable Jan. 16 to shareholders of record on Dec. 29. The ex-dividend date is Dec. 28.
On Dec. 18, JP Morgan…
2023-12-19 11:42:25
Post from finance.yahoo.com