AMC AMC stock is surging over 10% this morning as Roaring Kitty gave insight into his position in GameStop GME stock.
However, many investors are staying on the sidelines because they can’t stomach the volatility. If you are one of these investors and want another way to play AMC stock in particular, you could invest in one of its largest landlords.
EPR Properties
EPR Properties EPR is a leading owner and manager of experiential real estate. Its portfolio currently consists of 359 entertainment, recreation, education, and leisure properties, including movie theaters, golf ranges, waterparks, amusement parks, fitness centers, private schools, and early childhood education centers. Movie theaters make up 37% of its portfolio with tenants including AMC, Cinemark, Regal, and Alamo Drafthouse.
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EPR Properties currently pays a monthly dividend of $0.285 per share, equating to an annualized dividend of $3.42 per share, which gives its stock a yield of about 8.3% at the time of this writing..
EPR had a long track record of dividend growth before it suspended its dividend during the Covid-19 pandemic. However, with operations back to normal, the company is on pace for 2024 to mark the third consecutive year in which it has raised its annual dividend payment, and this could be the start to a new, very long streak.
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