Tower Square Investment Management Lowers stake in EPR Properties (EPR)

EPR Properties (EPR) : Tower Square Investment Management reduced its stake in EPR Properties by 8.15% during the most recent quarter end. The investment management company now holds a total of 22,711 shares of EPR Properties which is valued at $1.6 Million after selling 2,016 shares in EPR Properties , the firm said in a disclosure report filed with the SEC on May 12, 2016.EPR Properties makes up approximately 0.83% of Tower Square Investment Management’s portfolio.

Other Hedge Funds, Including , Ropes Wealth Advisors boosted its stake in EPR in the latest quarter, The investment management firm added 5,912 additional shares and now holds a total of 6,102 shares of EPR Properties which is valued at $432,388. EPR Properties makes up approx 0.19% of Ropes Wealth Advisors’s portfolio.Comerica Bank reduced its stake in EPR by selling 11,954 shares or 14.0% in the most recent quarter. The Hedge Fund company now holds 73,417 shares of EPR which is valued at $5.2 Million. EPR Properties makes up approx 0.05% of Comerica Bank’s portfolio. State Treasurer State Of Michigan added EPR to its portfolio by purchasing 25,300 company shares during the most recent quarter which is valued at $1.8 Million. EPR Properties makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.

EPR Properties opened for trading at $69.43 and hit $69.88 on the upside on Friday, eventually ending the session at $69.76, with a gain of 0.91% or 0.63 points. The heightened volatility saw the trading volume jump to 4,90,039 shares. Company has a market cap of $4,437 M.

On the company’s financial health, EPR Properties reported $1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.19. The company had revenue of $118.76 million for the quarter, compared to analysts expectations of $116.90 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on EPR Properties. EPR Properties was Downgraded by Ladenburg Thalmann to ” Neutral” on Mar 3, 2016. Company shares were Reiterated by FBR Capital on Feb 25, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 64 from a previous price target of $62 .

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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