EPR Properties is focused on real estate venues that create value by facilitating out-of-home leisure and recreation experiences in which consumers choose to spend their discretionary time and money. It has nearly $6.7 billion in total investments across 44 states. The company adheres to rigorous underwriting and investing criteria centered on key industry-, property- and tenant-level cash flow standards, and it believes its focused approach provides a competitive advantage and the potential for stable and attractive returns.
Shareholders receive an 8.46% distribution. The Strong Buy rating at Raymond James comes with a $45 target price. EPR Properties stock has a consensus target of $44.14, and shares closed on Thursday at $39.58.
Gladstone Commercial
This stock was hit hard as interest rates charged higher and is offering the best entry point in over a year. Gladstone Commercial Corp. (NASDAQ: GOOD) is a top real estate investment trust (REIT) focused on acquiring, owning and operating net leased industrial and office properties across the United States.
As of June 30, 2021, Gladstone owns a diversified portfolio of 121 office and industrial properties located in 27 states and leased to 106 tenants. The company has grown the portfolio in a consistent, disciplined manner at a rate of 18% per year since the IPO in 2003. It matches long-term leased properties with long-term debt to lock in the spread to create a durable, stable cash flow stream to fund monthly distributions to shareholders. Current occupancy stands at 96.5% and occupancy has never dipped below 95.0% since the IPO.
Most importantly for investors, Gladstone has a record of success, as exhibited by a history of strong distribution yields, a consistently strong occupancy rate and more than 10 years of paying monthly cash distributions.
Gladstone Commercial stock investors receive a 9.63% distribution. The $18 B. Riley Securities price target compares with a $17.25 consensus target and the most recent close at $12.42.
LTC Properties
This REIT is focused on a sector that is growing fast as the U.S. population ages. LTC Properties Inc. (NYSE: LTC) invests in seniors housing and health care properties, primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions, including preferred equity and mezzanine lending.
LTC holds 181 investments in 27 states with 29 operating partners. The portfolio comprises approximately 50% seniors housing and 50% skilled nursing properties.
The distribution yield here is 6.70%. The Royal Bank of Canada’s target price is $40, while the consensus target is $37.83. LTC Properties stock closed at $34.73 on Thursday.
Realty Income
This is an ideal stock for growth and income investors looking for a safer, inflation-busting idea for 2023. Realty Income Corp. (NYSE: O) is an S&P 500 company dedicated to providing stockholders with dependable monthly income.
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