Gaming and Leisure Properties, Inc. (GLPI) Position Boosted by Parametrica Management Ltd

Parametrica Management Ltd lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 54.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,958 shares of the real estate investment trust’s stock after purchasing an additional 5,639 shares during the quarter. Parametrica Management Ltd’s holdings in Gaming and Leisure Properties were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in shares of Gaming and Leisure Properties by 2.8% in the 2nd quarter. Capital Research Global Investors now owns 14,506,957 shares of the real estate investment trust’s stock valued at $546,477,000 after purchasing an additional 400,000 shares during the period. BlackRock Inc. boosted its position in shares of Gaming and Leisure Properties by 8.5% in the 2nd quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock valued at $512,857,000 after purchasing an additional 1,070,254 shares during the period. Renaissance Technologies LLC boosted its position in shares of Gaming and Leisure Properties by 86.1% in the 2nd quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock valued at $191,608,000 after purchasing an additional 2,353,055 shares during the period. Capital World Investors boosted its position in shares of Gaming and Leisure Properties by 760.4% in 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 purchasing an additional 3,574,000 shares during the period. Finally, State Street Corp boosted its position in shares of Gaming and Leisure Properties by 0.8% in the 2nd quarter. State Street Corp now owns 3,961,374 shares of the real estate investment trust’s stock valued at $149,222,000 after purchasing an additional 32,998 shares during the period. Institutional investors and hedge funds own 89.69% of the company’s stock.

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 5,000 shares of the stock in a transaction on Monday, October 30th. The stock was bought at an average cost of $36.23 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.88% of the stock is owned by corporate insiders.

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Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) traded up 1.00% during midday trading on Tuesday, reaching $36.52. The company’s stock had a trading volume of 359,660 shares. Gaming and Leisure Properties, Inc. has a 12 month low of $29.32 and a 12 month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Gaming and Leisure Properties had a return on equity of 17.44% and a net margin of 39.31%. The company had revenue of $244.50 million during the quarter, compared to the consensus estimate of $243.66 million. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post $1.80 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.63 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 6.97%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 140.00%.

GLPI has been the subject of a number of recent analyst reports. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $39.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Finally, Barclays PLC increased their price target on Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Gaming and Leisure Properties currently has a consensus rating of “Hold” and a consensus price target of $38.67.

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.

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

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