How JMP Securities Currently Rates Gaming and Leisure Properties (NASDAQ:GLPI)
JMP Securities began its coverage on Gaming and Leisure Properties (NASDAQ:GLPI), today Tuesday, 15 December. The brokerage firm finds the stock of Gaming and Leisure Properties (NASDAQ:GLPI) attractive and has given it “Mkt Outperform” rating.
Approximately 166,432 shares of stock traded hands. Gaming and Leisure Properties Inc (NASDAQ:GLPI) has declined 28.90% since May 12, 2015 and is downtrending. It has underperformed by 25.23% the S&P500.
The overall sentiment of institutions has increased to 1.41 in Q2 2015. Its up 0.04, from 1.37 in 2015Q2. The ratio increased, as 24 institutions have sold all the shares of Gaming and Leisure Properties Inc that they owned while 55 funds have taken shares off the table. 31 funds have purchased shares for the first time while 80 added to their positions. These institutions now hold 112.46 million shares or 15.85% more than the 97.08 million shares they owned in 2015Q2.
The Fund Hanlon Investment Management Inc. currently is holding shares equating to 24.63% of its total portfolio in Gaming and Leisure Properties Inc representing a total of 427,765 shares. Another fund,Addison Clark Management L.L.C., is holding a total of 437,032 shares equating to 11.6% of their holdings. Additionally, Gates Capital Management Inc. has a 6.02 million share stake in Gaming and Leisure Properties Inc which represents 6.91% of their total portfolio. The Fund, Covalent Partners Llc, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 5.47% of their total portfolio. Finally Goodnow Investment Group Llc, a fund which is based in the state of Connecticut reported a total holdings of 906,139 shares.
Insider activity is a very important aspect to track on any stock. Going back to October 6, 2015, shareholders of Gaming and Leisure Properties Inc have witnessed 0 buys, and a total of 5 selling transactions equating to a net activity of approximately $8.01 million . Carlino Peter M sold 41,286 shares worth approximately $1.25 million. Clifford William J sold 100,000 shares worth approximately $3.02M.
Gaming and Leisure Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $2.96 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 24.13 P/E ratio. 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.
According to Zacks Investment Research, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States.”