Entertainment Properties Trust (NYSE:EPR)
The Company was formed to acquire and develop megaplex theatres, entertainment retail centers, and destination recreational and specialty properties.
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This stock is due for a little pullback, then will charge on toward $50. EPR just closed on Toronto Dundas Square, which was in receivership despite 90 percent occupancy. ERP generally buys properties and leases them back to operators by decided to make a second mortgage loan on this project. Since the project went into receivership last April, EPR has had no ROI from it. Now it will. Plus, as a REIT, it is generally well positioned to add to its portfolio this year at discounted prices
Recs
Entertainment Properties Trust?? Hmm if that ain't a short I don't know what is!!
Recs
High Div. Yield. Low debt. Stable. Lost too much value with the crisis.
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Low relative PE, good star ranking, PEG & 09 PE still below normal - bottom fishing 4/27 picks.
Recs
Target of $84 by Dec 2008.
Expected increase of 10 to 77%
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Can't go wrong.
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Have had a great run over past few years, but still returning a great dividend and continued rising in a tough real estate climate. Their niche is the key.
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