Institutional Investors Lead Shift in Gaming & Leisure Properties Inc (NASDAQ:GLPI) Sentiment

July 18, 2017 - By Migdalia James

 Institutional Investors Lead Shift in Gaming & Leisure Properties Inc (NASDAQ:GLPI) Sentiment

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

Gaming & Leisure Properties Inc (NASDAQ:GLPI) institutional sentiment increased to 1.23 in Q4 2016. Its up 0.12, from 1.11 in 2016Q3. The ratio improved, as 140 institutional investors increased or opened new holdings, while 114 sold and reduced equity positions in Gaming & Leisure Properties Inc. The institutional investors in our partner’s database reported: 181.76 million shares, down from 183.68 million shares in 2016Q3. Also, the number of institutional investors holding Gaming & Leisure Properties Inc in their top 10 holdings decreased from 11 to 10 for a decrease of 1. Sold All: 36 Reduced: 78 Increased: 97 New Position: 43.

Gaming and Leisure Properties, Inc. is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The company has market cap of $7.71 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 21.88 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.

It closed at $37.07 lastly. It is down 10.92% since July 18, 2016 and is uptrending. It has underperformed by 5.78% the S&P500.

Analysts await Gaming and Leisure Properties Inc (NASDAQ:GLPI) to report earnings on August, 8. They expect $0.77 EPS, up 6.94 % or $0.05 from last year’s $0.72 per share. GLPI’s profit will be $160.15 million for 12.04 P/E if the $0.77 EPS becomes a reality. After $0.79 actual EPS reported by Gaming and Leisure Properties Inc for the previous quarter, Wall Street now forecasts -2.53 % negative EPS growth.

Covalent Partners Llc holds 6.78% of its portfolio in Gaming and Leisure Properties Inc for 596,113 shares. Gates Capital Management Inc. owns 3.98 million shares or 4.66% of their US portfolio. Moreover, Goodnow Investment Group Llc has 4.47% invested in the company for 655,644 shares. The Virginia-based Broad Run Investment Management Llc has invested 4.43% in the stock. Md Sass Investors Services Inc, a New York-based fund reported 2.56 million shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 1 sale for $6.63 million activity.

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

Ratings analysis reveals 38% of Gaming and Leisure Properties’s analysts are positive. Out of 8 Wall Street analysts rating Gaming and Leisure Properties, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $30 while the high is $4100. The stock’s average target of $35.20 is -5.04% below today’s ($37.07) share price. GLPI was included in 13 notes of analysts from August 4, 2015. The firm has “Mkt Outperform” rating given on Tuesday, December 15 by JMP Securities. The stock has “Neutral” rating by Buckingham Research on Tuesday, November 22. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, August 10. As per Tuesday, December 13, the company rating was downgraded by Morgan Stanley. The company was reinitiated on Friday, April 1 by Morgan Stanley. The stock has “Buy” rating by Ladenburg on Friday, June 2. As per Wednesday, September 7, the company rating was upgraded by Morgan Stanley. The rating was downgraded by Bank of America to “Underperform” on Thursday, December 15. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 7. The rating was initiated by UBS on Monday, September 26 with “Neutral”.

More notable recent Gaming and Leisure Properties Inc (NASDAQ:GLPI) news were published by: Globenewswire.com which released: “Gaming and Leisure Properties Completes Previously Announced Transaction to …” on September 12, 2016, also Reuters.com with their article: “BRIEF-Gaming and Leisure Properties Inc CEO Peter M. Carlino’s 2016 total …” published on April 27, 2017, Globenewswire.com published: “Gaming and Leisure Properties, Inc. Announces Fourth Quarter and Full Year …” on February 02, 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 2016 Distribution Tax Treatment” published on January 25, 2017 as well as Nasdaq.com‘s news article titled: “Gaming and Leisure Properties, Inc. Schedules Second Quarter 2017 Earnings …” with publication date: July 06, 2017.

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