Monashee Investment Management adds Gaming and Leisure Properties Inc (GLPI) to its portfolio

Gaming and Leisure Properties Inc (GLPI) : Monashee Investment Management added new position in Gaming and Leisure Properties Inc during the most recent quarter end. The investment management firm now holds 15,372 shares of Gaming and Leisure Properties Inc which is valued at $544,937 , the company said in a statement filed on Aug 2, 2016 with the SEC.Gaming and Leisure Properties Inc makes up approximately 0.83% of Monashee 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. First New York Securities Ny sold out all of its stake in GLPI during the most recent quarter. The investment firm sold 129,177 shares of GLPI which is valued $4,565,115. Advisory Services Network added GLPI to its portfolio by purchasing 170 company shares during the most recent quarter which is valued at $6,008.Nisa Investment Advisors boosted its stake in GLPI in the latest quarter, The investment management firm added 12,600 additional shares and now holds a total of 72,999 shares of Gaming and Leisure Properties Inc which is valued at $2,560,075. Gaming and Leisure Properties Inc makes up approx 0.03% of Nisa Investment Advisors’s portfolio.

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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