RBC Capital upgraded EPR Properties to Outperform from Sector Perform with a price target of $50, up from $48. The firm says the company has successfully navigated through difficult operating environments. EPR’s headwinds appear to be abating, and the company is better positioned to drive positive results, the analyst tells investors in a research note. RBC expects the theatrical box office will reaccelerate in the second half of 2024 and in 2025, driving higher percentage rents and strengthening the tenant base.
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