Is Gaming and Leisure Properties Inc (GLPI) a Good Stock To Buy?

Judging by the fact that Gaming and Leisure Properties Inc (NASDAQ:GLPI) has witnessed falling interest from the entirety of the hedge funds we track, we can see that there exists a select few fund managers that slashed their full holdings during the third quarter. Intriguingly, George Soros’ Soros Fund Management cut the largest stake of the “upper crust” of funds followed by Insider Monkey, totaling an estimated $62.1 million in stock, and Daniel Lascano’s Lomas Capital Management was right behind this move, as the fund sold off about $6.3 million worth of shares.

Let’s go over hedge fund activity in other stocks similar to Gaming and Leisure Properties Inc (NASDAQ:GLPI). These stocks are TAL Education Group (ADR) (NYSE:XRS), Robert Half International Inc. (NYSE:RHI), Edgewell Personal Care Company (NYSE:EPC), and Godaddy Inc (NYSE:GDDY). All of these stocks’ market caps resemble GLPI’s market cap.

As you can see these stocks had an average of 23 funds with bullish positions at the end of September and the average amount invested in these stocks was $597 million, compared to $880 million in GLPI’s case. Edgewell Personal Care Company (NYSE:EPC) is the most popular stock in this table. On the other hand Robert Half International Inc. (NYSE:RHI) is the least popular one with only 21 bullish hedge fund positions. Compared to these stocks Gaming and Leisure Properties Inc (NASDAQ:GLPI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.