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.
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