Goldman Sachs Initiates Coverage On Entertainment Properties Trust

Goldman Sachs is out with a research report on Entertainment Properties Trust EPR and is initiating coverage with a Neutral rating and a $42 price target on shares. In a note to clients, Goldman Sachs writes, "We initiate coverage of small-cap REIT Entertainment Properties Trust (EPR) with a Neutral rating and 12-month target price of $42, indicating a total return of 10.9%, including the 6.9% dividend yield. We believe shares are fairly valued, reflecting uncertainty over the timing and accretion of investment activity (which may be affected by recent macro volatility), tenant concentration, and the company's specialty operating segments. We could become incrementally more positive on the shares with greater visibility on external growth opportunities. For income-oriented investors, we believe EPR offers a stable attractive relative yield." Shares of EPR closed at $41.84 yesterday.