Endicott Management Co adds Gaming and Leisure Properties Inc (GLPI) to its portfolio

Gaming and Leisure Properties Inc (GLPI) : Endicott Management Co added new position in Gaming and Leisure Properties Inc during the most recent quarter end. The investment management firm now holds 25,000 shares of Gaming and Leisure Properties Inc which is valued at $885,250 , the company said in a statement filed on Aug 15, 2016 with the SEC.Gaming and Leisure Properties Inc makes up approximately 0.31% of Endicott Management Co’s portfolio.

Other Hedge Funds, Including , Eton Park Capital Management sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 100,000 shares of GLPI which is valued $3,541,000.Rhumbline Advisers boosted its stake in GLPI in the latest quarter, The investment management firm added 128,876 additional shares and now holds a total of 215,607 shares of Gaming and Leisure Properties Inc which is valued at $7,634,644. Gaming and Leisure Properties Inc makes up approx 0.02% of Rhumbline Advisers’s portfolio.K2 Principal Fund reduced its stake in GLPI by selling 134,998 shares or 93.96% in the most recent quarter. The Hedge Fund company now holds 8,683 shares of GLPI which is valued at $307,465. Gaming and Leisure Properties Inc makes up approx 0.07% of K2 Principal Fund’s portfolio. Lmr Partners Llp sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 103,140 shares of GLPI which is valued $3,695,506.

Gaming and Leisure Properties Inc opened for trading at $35.2 and hit $35.2 on the upside on Wednesday, eventually ending the session at $34.76, with a gain of 0.40% or 0.14 points. The heightened volatility saw the trading volume jump to 2,022,073 shares. Company has a market cap of $7,130 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.

Many Wall Street Analysts have commented on Gaming and Leisure Properties Inc. Gaming and Leisure Properties Inc was Upgraded by Morgan Stanley to ” Overweight” on Sep 7, 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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