Gaming and Leisure Properties Inc (GLPI) : Driehaus Capital Management scooped up 4,107,213 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 4,330,423 shares of Gaming and Leisure Properties Inc which is valued at $144.2 Million.Gaming and Leisure Properties Inc makes up approximately 5.03% of Driehaus Capital Management’s portfolio.
Other Hedge Funds, Including , D.a. Davidson boosted its stake in GLPI in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 900 shares of Gaming and Leisure Properties Inc which is valued at $29,970.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. Great Lakes Advisors sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 97,987 shares of GLPI which is valued $3.3 Million.Engineers Gate Manager Lp reduced its stake in GLPI by selling 8,895 shares or 17.96% in the most recent quarter. The Hedge Fund company now holds 40,637 shares of GLPI which is valued at $1.4 Million. Gaming and Leisure Properties Inc makes up approx 0.11% of Engineers Gate Manager Lp’s portfolio.Schwab Charles Investment Management Inc boosted its stake in GLPI in the latest quarter, The investment management firm added 24,345 additional shares and now holds a total of 490,659 shares of Gaming and Leisure Properties Inc which is valued at $16.2 Million. Gaming and Leisure Properties Inc makes up approx 0.02% of Schwab Charles Investment Management Inc’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 Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.