Before we spend many hours researching a company, we’d like to analyze what hedge funds and billionaire investors think of the stock first. We would like to do so because the successful investors’ consensus returns have been exceptional. The top 30 mid-cap stocks among the best performing hedge funds in our database yielded an average return of 18% during the last 12 months, outperforming the S&P 500 Index funds by double digits. Although the successful funds occasionally have their duds, such as SunEdison and Valeant, the hedge fund picks seem to work on average. In the following paragraphs, we find out what the billionaire investors and hedge funds think of EPR Properties (NYSE:EPR) .
Is EPR Properties (NYSE:EPR) going to take off soon? Investors who are in the know are in a pessimistic mood. The number of long hedge fund investments were trimmed by 6 recently. There were 26 hedge funds in our database with EPR holdings at the end of the previous quarter. At the end of this article we will also compare EPR to other stocks including Weingarten Realty Investors (NYSE:WRI), Opko Health Inc. (NYSE:OPK), and Axis Capital Holdings Limited (NYSE:AXS) to get a better sense of its popularity.
With all of this in mind, we’re going to check out the key action encompassing EPR Properties (NYSE:EPR).
Hedge fund activity in EPR Properties (NYSE:EPR)
At the end of the third quarter, a total of 20 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -23% from one quarter earlier. On the other hand, there were a total of 16 hedge funds with a bullish position in EPR at the beginning of this year. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Of the funds tracked by Insider Monkey, John Osterweis’s Osterweis Capital Management has the number one position in EPR Properties (NYSE:EPR), worth close to $63.1 million, corresponding to 3.8% of its total 13F portfolio. On Osterweis Capital Management’s heels is Forward Management, led by J. Alan Reid, Jr., holding a $23.9 million position; 1.8% of its 13F portfolio is allocated to the company. Other peers with similar optimism include Amy Minella’s Cardinal Capital, Ken Heebner’s Capital Growth Management and John Overdeck and David Siegel’s Two Sigma Advisors. We should note that Forward Management is among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.