Hanlon Investment Management buys $25.2 Million stake in Gaming and Leisure Properties Inc (GLPI)

Gaming and Leisure Properties Inc (GLPI) : Hanlon Investment Management scooped up 328,314 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 12, 2016. The investment management firm now holds a total of 756,079 shares of Gaming and Leisure Properties Inc which is valued at $25.2 Million.Gaming and Leisure Properties Inc makes up approximately 2.27% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Alpine Associates Management boosted its stake in GLPI in the latest quarter, The investment management firm added 308,546 additional shares and now holds a total of 1,069,891 shares of Gaming and Leisure Properties Inc which is valued at $35.6 Million. Gaming and Leisure Properties Inc makes up approx 1.57% of Alpine Associates Management’s portfolio.California Public Employees Retirement System boosted its stake in GLPI in the latest quarter, The investment management firm added 6,700 additional shares and now holds a total of 320,268 shares of Gaming and Leisure Properties Inc which is valued at $10.6 Million. Gaming and Leisure Properties Inc makes up approx 0.02% of California Public Employees Retirement System’s portfolio.Rhumbline Advisers reduced its stake in GLPI by selling 71,990 shares or 45.36% in the most recent quarter. The Hedge Fund company now holds 86,731 shares of GLPI which is valued at $2.9 Million. Gaming and Leisure Properties Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio.Ifp Advisors Inc boosted its stake in GLPI in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 182 shares of Gaming and Leisure Properties Inc which is valued at $6,013.

Gaming and Leisure Properties Inc opened for trading at $32.83 and hit $32.95 on the upside on Friday, eventually ending the session at $32.74, with a gain of 0.43% or 0.14 points. The heightened volatility saw the trading volume jump to 16,97,119 shares. Company has a market cap of $6,615,837 M.

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.

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