KeyBanc Capital Markets Downgrades Entertainment Properties

KeyBanc Capital Markets downgraded its Entertainment Properties EPR rating from Buy to Hold in a research report published today. In the report, KeyBanc Capital Markets states, "Despite being more cautious on the triple-net group heading into 2011, we had maintained a BUY rating on the Company to reflect the above average growth potential given the track record of accretive theatre and charter school acquisitions. However, the slower than expected acquisition pace and a more sober capital deployment outlook for the balance of the year will likely temper earnings growth in 2012 relative to prior expectations." Shares of Entertainment Properties were trading at $46.08 at the time of posting, down 0.88% from Friday's market close.