Rhumbline Advisers Has $8.42 Million Stake in Gaming and Leisure Properties Inc (GLPI)

Rhumbline Advisers trimmed its stake in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,722 shares of the real estate investment trust’s stock after selling 10,706 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Gaming and Leisure Properties worth $8,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of GLPI. American Century Companies Inc. raised its position in shares of Gaming and Leisure Properties by 162.3% during the third quarter. American Century Companies Inc. now owns 2,010,251 shares of the real estate investment trust’s stock worth $70,861,000 after acquiring an additional 1,243,827 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Gaming and Leisure Properties by 14.9% during the second quarter. Renaissance Technologies LLC now owns 9,056,089 shares of the real estate investment trust’s stock worth $324,208,000 after acquiring an additional 1,174,600 shares during the last quarter. FMR LLC raised its position in shares of Gaming and Leisure Properties by 20.3% during the second quarter. FMR LLC now owns 5,365,666 shares of the real estate investment trust’s stock worth $192,091,000 after acquiring an additional 905,752 shares during the last quarter. Millennium Management LLC raised its position in shares of Gaming and Leisure Properties by 23.3% during the second quarter. Millennium Management LLC now owns 3,084,735 shares of the real estate investment trust’s stock worth $110,434,000 after acquiring an additional 582,081 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Gaming and Leisure Properties during the third quarter worth about $19,238,000. Institutional investors own 88.22% of the company’s stock.

Shares of GLPI stock opened at $34.43 on Friday. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 1.27 and a beta of 0.75. The company has a quick ratio of 10.00, a current ratio of 10.00 and a debt-to-equity ratio of 2.31. Gaming and Leisure Properties Inc has a fifty-two week low of $32.51 and a fifty-two week high of $37.29.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.26). The business had revenue of $254.14 million during the quarter, compared to the consensus estimate of $255.55 million. Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, research analysts anticipate that Gaming and Leisure Properties Inc will post 3.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.68 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date of this dividend is Thursday, December 13th. Gaming and Leisure Properties’s payout ratio is presently 80.00%.

In other news, Director E Scott Urdang acquired 14,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, November 5th. The stock was purchased at an average price of $33.72 per share, with a total value of $472,080.00. Following the completion of the purchase, the director now owns 76,971 shares of the company’s stock, valued at approximately $2,595,462.12. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph W. Marshall III acquired 1,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, November 19th. The stock was purchased at an average cost of $33.33 per share, with a total value of $33,330.00. Following the purchase, the director now directly owns 27,081 shares of the company’s stock, valued at approximately $902,609.73. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 26,000 shares of company stock valued at $873,910. 5.88% of the stock is currently owned by corporate insiders.

GLPI has been the subject of a number of analyst reports. SunTrust Banks restated a “buy” rating and set a $39.00 price objective on shares of Gaming and Leisure Properties in a research report on Tuesday, October 2nd. Deutsche Bank raised their price objective on Gaming and Leisure Properties from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. BidaskClub upgraded Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 21st. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, October 4th. Finally, Credit Suisse Group assumed coverage on Gaming and Leisure Properties in a report on Tuesday, August 14th. They issued an “outperform” rating and a $41.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.55.

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Gaming and Leisure Properties Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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

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