Bbt Capital Management buys $26,777,148 stake in Gaming and Leisure Properties Inc (GLPI)

Gaming and Leisure Properties Inc (GLPI) : Bbt Capital Management scooped up 232,448 additional shares in Gaming and Leisure Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 756,203 shares of Gaming and Leisure Properties Inc which is valued at $26,777,148.Gaming and Leisure Properties Inc makes up approximately 6.95% of Bbt Capital Management’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. added GLPI to its portfolio by purchasing 49,500 company shares during the most recent quarter which is valued at $1,752,795. Gaming and Leisure Properties Inc makes up approx 0.31% of Mizuho Asset Managementltd.’s portfolio.I.g. Investment Management Ltd. boosted its stake in GLPI in the latest quarter, The investment management firm added 184,955 additional shares and now holds a total of 198,916 shares of Gaming and Leisure Properties Inc which is valued at $7,051,572. Gaming and Leisure Properties Inc makes up approx 0.03% of I.g. Investment Management Ltd.’s portfolio.Gamco Investors Et Al reduced its stake in GLPI by selling 54,128 shares or 67.97% in the most recent quarter. The Hedge Fund company now holds 25,509 shares of GLPI which is valued at $904,294. Gaming and Leisure Properties Inc makes up approx 0.01% of Gamco Investors Et Al’s portfolio.Utah Retirement Systems boosted its stake in GLPI in the latest quarter, The investment management firm added 19,700 additional shares and now holds a total of 35,456 shares of Gaming and Leisure Properties Inc which is valued at $1,256,915. Gaming and Leisure Properties Inc makes up approx 0.03% of Utah Retirement Systems’s portfolio. Cwm added GLPI to its portfolio by purchasing 434 company shares during the most recent quarter which is valued at $15,351.

Gaming and Leisure Properties Inc closed down -0.09 points or -0.26% at $34.85 with 7,50,030 shares getting traded on Friday. Post opening the session at $34.95, the shares hit an intraday low of $34.67 and an intraday high of $34.975 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Gaming and Leisure Properties Inc reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.50. The company had revenue of $207.40 million for the quarter, compared to analysts expectations of $211.37 million. The company’s revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Gaming and Leisure Properties Inc. (GLPI) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the business of acquiring financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Triple net leases are leases in which the lessee pays rent to the lessor as well as all taxes insurance and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital L.P. (a wholly owned subsidiary of GLPI through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Company’s business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.

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