Par Capital Management Inc buys $238,895,760 stake in Gaming and Leisure Properties Inc (GLPI)

Gaming and Leisure Properties Inc (GLPI) : Par Capital Management Inc scooped up 305,509 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 Aug 15, 2016. The investment management firm now holds a total of 6,746,562 shares of Gaming and Leisure Properties Inc which is valued at $238,895,760.Gaming and Leisure Properties Inc makes up approximately 3.84% of Par Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Arrowgrass Capital Partners (us) Lp sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 312,409 shares of GLPI which is valued $11,062,403. Caxton Associates Lp sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 25,000 shares of GLPI which is valued $885,250.American Money Management reduced its stake in GLPI by selling 3,669 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 74,570 shares of GLPI which is valued at $2,640,524. Gaming and Leisure Properties Inc makes up approx 2.09% of American Money Management’s portfolio.Concannon Wealth Management boosted its stake in GLPI in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 144 shares of Gaming and Leisure Properties Inc which is valued at $5,105. Gaming and Leisure Properties Inc makes up approx 0.01% of Concannon Wealth Management’s portfolio.

Gaming and Leisure Properties Inc closed down -0.04 points or -0.12% at $34.17 with 8,96,233 shares getting traded on Thursday. Post opening the session at $34.18, the shares hit an intraday low of $33.99 and an intraday high of $34.7799 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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