Ranger International Management Lp Lowers stake in EPR Properties (EPR)

EPR Properties (EPR) : Ranger International Management Lp reduced its stake in EPR Properties by 15.02% during the most recent quarter end. The investment management company now holds a total of 153,540 shares of EPR Properties which is valued at $12,372,253 after selling 27,130 shares in EPR Properties , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.EPR Properties makes up approximately 5.08% of Ranger International Management Lp’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in EPR in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 11,185 shares of EPR Properties which is valued at $901,287. EPR Properties makes up approx 0.01% of Raymond James Financial Services Advisors’s portfolio.Friedberg Investment Management reduced its stake in EPR by selling 200 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 47,280 shares of EPR which is valued at $3,809,822. EPR Properties makes up approx 1.76% of Friedberg Investment Management’s portfolio.Teacher Retirement System Of Texas boosted its stake in EPR in the latest quarter, The investment management firm added 1,538 additional shares and now holds a total of 8,901 shares of EPR Properties which is valued at $719,913.Los Angeles Capital Management Equity Research Inc reduced its stake in EPR by selling 7,865 shares or 27.87% in the most recent quarter. The Hedge Fund company now holds 20,360 shares of EPR which is valued at $1,635,112. EPR Properties makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.

EPR Properties opened for trading at $78.06 and hit $79.04 on the upside on Monday, eventually ending the session at $78.56, with a gain of 1.07% or 0.83 points. The heightened volatility saw the trading volume jump to 2,98,791 shares. Company has a market cap of $4,998 M.

On the company’s financial health, EPR Properties reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.16. The company had revenue of $118.00 million for the quarter, compared to analysts expectations of $118.55 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on EPR Properties. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 88 from a previous price target of $70 .EPR Properties was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jul 15, 2016.

EPR Properties (EPR) is a self-administered real estate investment trust (REIT). The Company’s investment portfolio includes entertainment education and recreation properties. The Company’s properties are located in 37 states the District of Columbia and in the Canadian province of Ontario. The Company operates in four segments: Entertainment which includes megaplex theatres entertainment retail centers (centers anchored by an entertainment component such as a megaplex theatre or live performance venue and containing other entertainment-related or retail properties) family entertainment centers and other retail parcels; Education which consists of investments in public charter schools early education centers and K-12 private schools; Recreation which includes metro ski parks water-parks and golf entertainment complexes and Other properties which consists of Adelaar casino and resort project in Sullivan County New York.

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