The company 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. EPR Properties adheres to rigorous underwriting and investing criteria centered on key industry-, property- and tenant-level cash flow standards, and it believes a very focused approach provides a competitive advantage and the potential for stable and attractive returns.
Shareholders receive a 7.96% distribution. Raymond James has a Strong Buy rating on EPR Properties stock as well. Its $45 target price compares with the $43.71 consensus target and the most recent close at $42.03.
Gladstone Commercial
This stock was hit hard as interest rates charged higher and now is offering the best entry point in over a year. Gladstone Commercial Corp. (NASDAQ: GOOD) is 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 track 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 has never skipped, reduced or deferred a distribution since its inception in 2003.
Investors enjoy a 7.22% distribution. The B. Riley Securities price target is $23, and Gladstone Commercial has a $16.76 consensus target. Thursday’s closing share price was $16.50.
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.
It’s investment portfolio includes 216 properties in 29 states with 32 operating partners. Based on its gross real estate investments, LTC’s investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.
Here, the distribution yield is 6.21%. The $47 Berenberg Bank target price is well above the $38.43 consensus target. LTC Properties stock closed on Thursday at $37.30
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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