UBS Group AG reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,180 shares of the real estate investment trust’s stock after selling 331 shares during the period. UBS Group AG’s holdings in Gaming and Leisure Properties were worth $641,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Gaming and Leisure Properties by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,610,789 shares of the real estate investment trust’s stock valued at $87,251,000 after buying an additional 115,108 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in Gaming and Leisure Properties by 1.5% in the first quarter. Kennedy Capital Management Inc. now owns 169,583 shares of the real estate investment trust’s stock valued at $5,667,000 after buying an additional 2,504 shares in the last quarter. Geode Capital Management LLC increased its stake in Gaming and Leisure Properties by 11.7% in the first quarter. Geode Capital Management LLC now owns 1,565,453 shares of the real estate investment trust’s stock valued at $52,317,000 after buying an additional 164,139 shares in the last quarter. Global X Management Co. LLC boosted its position in Gaming and Leisure Properties by 3.8% in the first quarter. Global X Management Co. LLC now owns 302,783 shares of the real estate investment trust’s stock valued at $10,119,000 after buying an additional 11,057 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in Gaming and Leisure Properties by 1.1% in the first quarter. Thrivent Financial For Lutherans now owns 54,700 shares of the real estate investment trust’s stock valued at $1,828,000 after buying an additional 600 shares during the last quarter. 89.27% of the stock is owned by institutional investors.
Shares of Gaming and Leisure Properties, Inc. (GLPI) traded up 0.08% on Friday, hitting $38.15. 1,165,614 shares of the stock traded hands. Gaming and Leisure Properties, Inc. has a 1-year low of $29.32 and a 1-year high of $38.89.
Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.32. The business had revenue of $243.40 million for the quarter, compared to the consensus estimate of $243.77 million. Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Analysts predict that Gaming and Leisure Properties, Inc. will post $1.80 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.61%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, September 7th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 139.33%.
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Several equities analysts recently commented on the stock. TheStreet upgraded shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Stifel Nicolaus restated a “hold” rating and issued a $39.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Barclays PLC increased their price objective on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $38.50.
In other news, Director Barry F. Schwartz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average cost of $36.44 per share, with a total value of $364,400.00. Following the acquisition, the director now owns 14,804 shares in the company, valued at approximately $539,457.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.88% of the company’s stock.
Gaming and Leisure Properties Company Profile
Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania 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. Its segments include GLP Capital, L.P.
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