EPR Properties downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital analyst Michael Carroll downgraded EPR Properties (EPR) to Sector Perform from Outperform with an unchanged price target of $58. The shares now trade at a more reasonable valuation following the recent rally, the analyst tells investors in a research note. The firm says that while EPR has a competitive advantage deploying capital into the experiential real estate segment, investment spreads are still too narrow to drive an uptick in the company’s current earnings run-rate.