Gaming and Leisure Properties Inc (GLPI) : Wbi Investments added new position in Gaming and Leisure Properties Inc during the most recent quarter end. The investment management firm now holds 755,875 shares of Gaming and Leisure Properties Inc which is valued at $26,765,534 , the company said in a statement filed on Aug 11, 2016 with the SEC.Gaming and Leisure Properties Inc makes up approximately 0.94% of Wbi Investments’s portfolio.
Other Hedge Funds, Including , Md Sass Investors Services Inc reduced its stake in GLPI by selling 57,595 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 2,744,188 shares of GLPI which is valued at $97,171,697. Gaming and Leisure Properties Inc makes up approx 4.95% of Md Sass Investors Services Inc’s portfolio. Ajo Lp added GLPI to its portfolio by purchasing 1,251,503 company shares during the most recent quarter which is valued at $44,303,206. Gaming and Leisure Properties Inc makes up approx 0.19% of Ajo Lp’s portfolio.Gabelli Funds reduced its stake in GLPI by selling 147,305 shares or 47.11% in the most recent quarter. The Hedge Fund company now holds 165,400 shares of GLPI which is valued at $5,863,430. Gaming and Leisure Properties Inc makes up approx 0.03% of Gabelli Funds’s portfolio. Fny Managed Accounts sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 765 shares of GLPI which is valued $27,035.
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 Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.