EPR Properties upgraded to Equal Weight from Underweight at Wells Fargo

Wells Fargo analyst John Kilichowski upgraded EPR Properties (EPR) to Equal Weight from Underweight with a price target of $56, up from $54. The firm says the recent $200M Genting Malaysia land sale at an “attractive yield” offset fears from the earnings call that EPR missed the window to raise equity. In addition, Topgolf rent coverage is up year-over-year, the analyst tells investors in a research note. However, Wells believes concerns remain around EPR ‘s box office and Six Flags exposure.