Gaming and Leisure Properties Inc (GLPI) : Hbk Sorce Advisory added new position in Gaming and Leisure Properties Inc during the most recent quarter end. The investment management firm now holds 175,000 shares of Gaming and Leisure Properties Inc which is valued at $5,257,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.Gaming and Leisure Properties Inc makes up approximately 0.86% of Hbk Sorce Advisory’s portfolio.
Other Hedge Funds, Including , Signaturefd added GLPI to its portfolio by purchasing 118 company shares during the most recent quarter which is valued at $3,545.Mizuho Trust Banking Ltd. boosted its stake in GLPI in the latest quarter, The investment management firm added 10,981 additional shares and now holds a total of 47,641 shares of Gaming and Leisure Properties Inc which is valued at $1,508,314. Cwm added GLPI to its portfolio by purchasing 434 company shares during the most recent quarter which is valued at $14,257.
Gaming and Leisure Properties Inc closed down -0.02 points or -0.07% at $30.22 with 9,33,121 shares getting traded on Monday. Post opening the session at $30.35, the shares hit an intraday low of $30.1065 and an intraday high of $30.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Gaming and Leisure Properties Inc reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Nov 8, 2016. Analyst had a consensus of $0.54. The company had revenue of $233.28 million for the quarter, compared to analysts expectations of $234.47 million. The company’s revenue was up 57.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on Gaming and Leisure Properties Inc. UBS Initiated Gaming and Leisure Properties Inc on Sep 26, 2016 to “Neutral”, Price Target of the shares are set at $35.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 Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.