Broad Run Investment Management buys $94.1 Million stake in Gaming and Leisure Properties Inc (GLPI)

Gaming and Leisure Properties Inc (GLPI) : Broad Run Investment Management scooped up 1,223 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 May 13, 2016. The investment management firm now holds a total of 2,824,393 shares of Gaming and Leisure Properties Inc which is valued at $94.1 Million.Gaming and Leisure Properties Inc makes up approximately 4.73% of Broad Run Investment Management’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 48,375 shares of GLPI which is valued $1.6 Million.Raymond James Associates reduced its stake in GLPI by selling 4,951 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 94,061 shares of GLPI which is valued at $3.1 Million. Gaming and Leisure Properties Inc makes up approx 0.01% of Raymond James Associates’s portfolio.Swiss National Bank boosted its stake in GLPI in the latest quarter, The investment management firm added 45,720 additional shares and now holds a total of 232,636 shares of Gaming and Leisure Properties Inc which is valued at $7.7 Million. Gaming and Leisure Properties Inc makes up approx 0.01% of Swiss National Bank’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in GLPI in the latest quarter, The investment management firm added 2,638 additional shares and now holds a total of 14,718 shares of Gaming and Leisure Properties Inc which is valued at $486,283. Gaming and Leisure Properties Inc makes up approx 0.01% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Gaming and Leisure Properties Inc closed down -0.01 points or -0.03% at $32.73 with 12,39,343 shares getting traded on Wednesday. Post opening the session at $32.84, the shares hit an intraday low of $32.4408 and an intraday high of $32.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Gaming and Leisure Properties Inc reported $0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.54. The company had revenue of $148.80 million for the quarter, compared to analysts expectations of $149.24 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on Gaming and Leisure Properties Inc. Company shares were Reiterated by Telsey Advisory Group on Apr 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 33 from a previous price target of $31 .Gaming and Leisure Properties Inc was Resumed by JP Morgan to “Overweight” on Apr 13, 2016. Gaming and Leisure Properties Inc was Initiated by Sun Trust Rbsn Humphrey to “Neutral” on Apr 8, 2016.

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.

Leave a Reply

Gaming and Leisure Properties Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Gaming and Leisure Properties Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.