Md Sass Investors Services Inc Lowers stake in Gaming and Leisure Properties Inc (GLPI)

Gaming and Leisure Properties Inc (GLPI) : Md Sass Investors Services Inc reduced its stake in Gaming and Leisure Properties Inc by 2.06% during the most recent quarter end. The investment management company now holds a total of 2,744,188 shares of Gaming and Leisure Properties Inc which is valued at $97,171,697 after selling 57,595 shares in Gaming and Leisure Properties Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Gaming and Leisure Properties Inc makes up approximately 4.95% of Md Sass Investors Services Inc’s portfolio.

Other Hedge Funds, Including , Omers Administration Corp reduced its stake in GLPI by selling 216,615 shares or 89.03% in the most recent quarter. The Hedge Fund company now holds 26,700 shares of GLPI which is valued at $945,447. Gaming and Leisure Properties Inc makes up approx 0.02% of Omers Administration Corp’s portfolio.Exane Derivatives boosted its stake in GLPI in the latest quarter, The investment management firm added 9,941 additional shares and now holds a total of 11,605 shares of Gaming and Leisure Properties Inc which is valued at $411,397. Gaming and Leisure Properties Inc makes up approx 0.07% of Exane Derivatives’s portfolio. Cibc Asset Management Inc added GLPI to its portfolio by purchasing 5,870 company shares during the most recent quarter which is valued at $208,092.Checchi Capital Advisers reduced its stake in GLPI by selling 546 shares or 17.64% in the most recent quarter. The Hedge Fund company now holds 2,550 shares of GLPI which is valued at $90,194. Gaming and Leisure Properties Inc makes up approx 0.02% of Checchi Capital Advisers’s portfolio.

Gaming and Leisure Properties Inc opened for trading at $35 and hit $35.04 on the upside on Tuesday, eventually ending the session at $34.91, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 5,60,829 shares. Company has a market cap of $7,161 M.

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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