EPR Properties initiated with a Market Perform at JMP Securities

JMP Securities analyst Mitch Germain initiated coverage of EPR Properties with a Market Perform rating and no price target. The shares are "deeply discounted," its dividend screens favorably and the company has "ample liquidity at hand," the analyst tells investors in a research note. However, the firm says EPR’s operating portfolio has proven to be sensitive to economic and social changes. It sees potential for lost rents stemming from the theater portfolio and believes the stock’s risk/reward is fairly balanced.