Pensionfund Sabic Lowers stake in EPR Properties (EPR)

EPR Properties (EPR) : Pensionfund Sabic reduced its stake in EPR Properties by 21.19% during the most recent quarter end. The investment management company now holds a total of 9,300 shares of EPR Properties which is valued at $686,712 after selling 2,500 shares in EPR Properties , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.EPR Properties makes up approximately 0.21% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in EPR by selling 17,278 shares or 30.14% in the most recent quarter. The Hedge Fund company now holds 40,056 shares of EPR which is valued at $2,957,735. EPR Properties makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.Cutler Group Lp reduced its stake in EPR by selling 2,654 shares or 92.99% in the most recent quarter. The Hedge Fund company now holds 200 shares of EPR which is valued at $14,910.First Mercantile Trust Co reduced its stake in EPR by selling 2,950 shares or 81.49% in the most recent quarter. The Hedge Fund company now holds 670 shares of EPR which is valued at $49,272. EPR Properties makes up approx 0.01% of First Mercantile Trust Co’s portfolio.Independent Portfolio Consultants boosted its stake in EPR in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 660 shares of EPR Properties which is valued at $49,097. EPR Properties makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.

EPR Properties closed down -0.71 points or -0.95% at $73.84 with 3,89,933 shares getting traded on Tuesday. Post opening the session at $74.48, the shares hit an intraday low of $73.54 and an intraday high of $74.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. FBR & Co. Initiated EPR Properties on Oct 12, 2016 to “Mkt Perform”, Price Target of the shares are set at $80.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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