Jim Cramer's Top Takeaways: EPR Properties, Zillow, FitBit
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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
EPR Properties (EPR) - Get Report : In an exclusive interview, Cramer sat down with Greg Silvers, president and CEO of EPR Properties, an entertainment and recreation REIT with a 6.3% yield and shares that are flat for the year.
Silvers explained that EPR has a unique model that allows for growth even in a rising interest rate environment. Because of that, EPR expects to be able to continue raising its dividend in line with their earnings. EPR has currently been increasing distributions by 7% every year.
Silvers also commented on one of their tenants, Topgolf, which offers a high-tech driving range experience that, unlike traditional golf courses, is approachable and affordable to everyone. Some of EPR's other tenants include charter schools and movie theaters, both of which continue to do well no matter what the economic or political environment.
Cramer remained bullish on EPR.
Zillow (Z) - Get Report : In his second exclusive interview, Cramer also spoke with Spencer Rascoff, CEO of Zillow, the online real estate kingpin.
Rascoff explained that there may be some confusion regarding Zillow's guidance because the company sold a division called Market Leader this quarter. He said many estimates still include Market Leader, but the guidance they providing is right in line with those estimates, only excluding the sale.
Rascoff continued that Zillow plans to grow in 2016 faster than it did in 2015 and his company has 50% to 70% markets hare for online home shopping, but only 5% of what real estate agents spend on advertising thus far.
When asked about the real estate market overall, Rascoff said the company sees strong markets in San Francisco and Dallas, where job growth is high, and soft markets in Philadelphia and Baltimore, where job growth is weak.
Fitbit (FIT) - Get Report : Even with shares falling 8.5% after reporting a strong quarter, Cramer said he's still a big fan of FitBit.
Cramer said Fitbit is more than just a fitness tracker, it's an entire wellness ecosystem that's attracting customers and keeping them stuck to their daily goals. That's how the company is able to command an 88% market share.
The company reported that its first-mover advantage is keeping competitors at bay and even the Apple (AAPL) - Get Report Watch doesn't seem to be making inroads. Cramer owns shares of Apple for his charitable trust, Action Alerts PLUS.
So why the 8.5% decline in its shares? The company indicated that it's all part of the normal "change of ownership" that newly public companies go through as venture capital exits and institutional investors take their place.
Cramer called Fitbit the "real deal" and said to own for a trade or an investment.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.