Institutional Investors Positive on Gaming & Leisure Properties Inc (NASDAQ:GLPI)

November 7, 2017 - By Adrian Erickson

 Institutional Investors  Positive on Gaming & Leisure Properties Inc (NASDAQ:GLPI)

Sentiment for Gaming & Leisure Properties Inc (NASDAQ:GLPI)

Gaming & Leisure Properties Inc (NASDAQ:GLPI) institutional sentiment decreased to 1.32 in 2017 Q2. Its down -0.05, from 1.37 in 2017Q1. The ratio turned negative, as 139 hedge funds started new or increased holdings, while 105 trimmed and sold equity positions in Gaming & Leisure Properties Inc. The hedge funds in our partner’s database now possess: 186.96 million shares, up from 182.33 million shares in 2017Q1. Also, the number of hedge funds holding Gaming & Leisure Properties Inc in their top 10 holdings was flat from 8 to 8 for the same number . Sold All: 25 Reduced: 80 Increased: 95 New Position: 44.

Gaming and Leisure Properties, Inc. is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The company has market cap of $7.87 billion. The Firm is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. It has a 20.57 P/E ratio. The Company’s divisions include GLP Capital, L.P. (GLP Capital), through which the Company owns all of its real estate assets, and the TRS Properties, which consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.

About 277,366 shares traded. Gaming and Leisure Properties Inc (NASDAQ:GLPI) has risen 10.92% since November 7, 2016 and is uptrending. It has underperformed by 5.78% the S&P500.

Wall Street await Gaming and Leisure Properties Inc (NASDAQ:GLPI) to release earnings on November, 14. Analysts forecast earnings per share of $0.77, exactly $0.00 or 0.00 % from 2014’s $0.77 EPS. The expected GLPI’s profit could reach $163.69M giving the stock 12.02 P/E in the case that $0.77 earnings per share is reported. After posting $0.78 EPS for the previous quarter, Gaming and Leisure Properties Inc’s analysts now forecast -1.28 % negative EPS growth.

Goodnow Investment Group Llc holds 5.54% of its portfolio in Gaming and Leisure Properties Inc for 701,815 shares. Broad Run Investment Management Llc owns 3.64 million shares or 4.8% of their US portfolio. Moreover, Covalent Partners Llc has 4.77% invested in the company for 267,712 shares. The Connecticut-based Addison Clark Management L.L.C. has invested 4.28% in the stock. Md Sass Investors Services Inc, a New York-based fund reported 1.52 million shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 0 selling transactions for $364,400 activity.

Gaming and Leisure Properties Inc (NASDAQ:GLPI) Ratings Coverage

Ratings analysis reveals 40% of Gaming and Leisure Properties’s analysts are positive. Out of 10 Wall Street analysts rating Gaming and Leisure Properties, 4 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $30 while the high is $44. The stock’s average target of $37.75 is 1.97% above today’s ($37.02) share price. GLPI was included in 20 notes of analysts from August 4, 2015. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, April 1. On Monday, October 30 the stock rating was maintained by Ladenburg with “Buy”. The stock has “Hold” rating by Stifel Nicolaus on Thursday, October 26. On Wednesday, September 7 the stock rating was upgraded by Morgan Stanley to “Overweight”. The rating was initiated by UBS on Monday, September 26 with “Neutral”. The rating was downgraded by Bank of America to “Underperform” on Thursday, December 15. The stock of Gaming and Leisure Properties Inc (NASDAQ:GLPI) has “Equal-Weight” rating given on Tuesday, December 13 by Morgan Stanley. The stock of Gaming and Leisure Properties Inc (NASDAQ:GLPI) has “Buy” rating given on Friday, July 28 by Ladenburg. Ladenburg initiated the stock with “Buy” rating in Friday, June 2 report. Buckingham Research initiated the stock with “Neutral” rating in Tuesday, November 22 report.

More notable recent Gaming and Leisure Properties Inc (NASDAQ:GLPI) news were published by: Seekingalpha.com which released: “Gaming & Leisure Properties Inc. Is A Buy” on October 03, 2017, also Prnewswire.com with their article: “Technical Insights on REIT Stocks — Gaming and Leisure Properties, Empire …” published on October 16, 2017, Globenewswire.com published: “Gaming and Leisure Properties, Inc. Announces Third Quarter 2017 Results” on October 26, 2017. More interesting news about Gaming and Leisure Properties Inc (NASDAQ:GLPI) were released by: Globenewswire.com and their article: “Gaming and Leisure Properties, Inc. Announces Acquisition of the Real Estate …” published on March 28, 2017 as well as Globenewswire.com‘s news article titled: “Gaming and Leisure Properties, Inc. Announces Second Quarter 2017 Results” with publication date: July 27, 2017.

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