Hanlon Investment Management buys $26,827,000 stake in Gaming and Leisure Properties Inc (GLPI)

Gaming and Leisure Properties Inc (GLPI) : Hanlon Investment Management scooped up 677 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 2, 2016. The investment management firm now holds a total of 756,756 shares of Gaming and Leisure Properties Inc which is valued at $26,827,000.Gaming and Leisure Properties Inc makes up approximately 2.28% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp added GLPI to its portfolio by purchasing 21,505 company shares during the most recent quarter which is valued at $762,352. Gaming and Leisure Properties Inc makes up approx 0.08% of Quantbot Technologies Lp’s portfolio.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.Cutler Group Lp reduced its stake in GLPI by selling 12,644 shares or 95.82% in the most recent quarter. The Hedge Fund company now holds 552 shares of GLPI which is valued at $19,381.

Gaming and Leisure Properties Inc closed down -0.05 points or -0.14% at $35.4 with 12,10,554 shares getting traded on Monday. Post opening the session at $35.54, the shares hit an intraday low of $35.34 and an intraday high of $35.74 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 $0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.54. The company had revenue of $148.80 million for the quarter, compared to analysts expectations of $149.24 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 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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