Gaming and Leisure Properties, Inc. (GLPI) Shares Bought by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 346,125 shares of the real estate investment trust’s stock after buying an additional 23,491 shares during the quarter. Global X MANAGEMENT CO LLC owned about 0.16% of Gaming and Leisure Properties worth $12,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in Gaming and Leisure Properties by 26,378.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock valued at $171,912,000 after purchasing an additional 4,642,536 shares during the period. Capital World Investors lifted its stake in Gaming and Leisure Properties by 760.4% during the 2nd quarter. Capital World Investors now owns 4,044,000 shares of the real estate investment trust’s stock valued at $152,337,000 after acquiring an additional 3,574,000 shares in the last quarter. AJO LP bought a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth $126,547,000. Renaissance Technologies LLC grew its holdings in shares of Gaming and Leisure Properties by 86.1% during the second quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock worth $191,608,000 after purchasing an additional 2,353,055 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Gaming and Leisure Properties by 8.5% during the second quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock worth $512,857,000 after purchasing an additional 1,070,254 shares in the last quarter. 88.89% of the stock is owned by institutional investors.

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GLPI has been the topic of several recent research reports. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC increased their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $39.00 target price on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Finally, Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.86.

In other news, Director E Scott Urdang bought 5,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, October 30th. The stock was acquired at an average price of $36.23 per share, with a total value of $181,150.00. Following the completion of the acquisition, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.88% of the stock is owned by corporate insiders.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) traded down $0.61 during mid-day trading on Monday, reaching $35.71. The company had a trading volume of 1,302,000 shares, compared to its average volume of 984,617. The stock has a market cap of $7,590.00, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.58. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. Gaming and Leisure Properties, Inc. has a 1 year low of $29.32 and a 1 year high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.09 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.06%. Gaming and Leisure Properties’s payout ratio is currently 140.00%.

Gaming and Leisure Properties 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.

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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