Gaming and Leisure Properties Inc (GLPI) : Menta Capital added new position in Gaming and Leisure Properties Inc during the most recent quarter end. The investment management firm now holds 137,078 shares of Gaming and Leisure Properties Inc which is valued at $4.6 Million , the company said in a statement filed on May 11, 2016 with the SEC.Gaming and Leisure Properties Inc makes up approximately 0.63% of Menta Capital’s portfolio.
Other Hedge Funds, Including , Massmutual Trust Co Fsbadv sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 800 shares of GLPI which is valued $26,640.Teachers Advisors Inc reduced its stake in GLPI by selling 3,997 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 513,428 shares of GLPI which is valued at $17 Million. Gaming and Leisure Properties Inc makes up approx 0.03% of Teachers Advisors Inc’s portfolio.Gabelli Securities reduced its stake in GLPI by selling 17,893 shares or 27.81% in the most recent quarter. The Hedge Fund company now holds 46,450 shares of GLPI which is valued at $1.5 Million. Gaming and Leisure Properties Inc makes up approx 0.22% of Gabelli Securities’s portfolio. Quadrant Capital Group added GLPI to its portfolio by purchasing 83 company shares during the most recent quarter which is valued at $2,722.
Gaming and Leisure Properties Inc opened for trading at $33.24 and hit $33.82 on the upside on Monday, eventually ending the session at $33.76, with a gain of 1.38% or 0.46 points. The heightened volatility saw the trading volume jump to 11,94,116 shares. Company has a market cap of $4,926 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 Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.