Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by United Services Automobile Association

United Services Automobile Association grew its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,010 shares of the real estate investment trust’s stock after purchasing an additional 3,200 shares during the period. United Services Automobile Association’s holdings in Gaming and Leisure Properties were worth $987,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $141,537,000. Jennison Associates LLC lifted its position in Gaming and Leisure Properties by 54.8% during the fourth quarter. Jennison Associates LLC now owns 3,378,874 shares of the real estate investment trust’s stock valued at $166,747,000 after buying an additional 1,195,765 shares in the last quarter. Invesco Ltd. increased its stake in shares of Gaming and Leisure Properties by 54.6% in the third quarter. Invesco Ltd. now owns 3,301,293 shares of the real estate investment trust’s stock worth $150,374,000 after buying an additional 1,165,459 shares during the last quarter. Northern Trust Corp increased its stake in shares of Gaming and Leisure Properties by 30.2% in the third quarter. Northern Trust Corp now owns 2,397,529 shares of the real estate investment trust’s stock worth $109,207,000 after buying an additional 555,474 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Gaming and Leisure Properties by 1.5% in the third quarter. Vanguard Group Inc. now owns 37,572,599 shares of the real estate investment trust’s stock worth $1,711,432,000 after buying an additional 555,332 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Down 1.3 %

Shares of NASDAQ GLPI traded down $0.57 during trading hours on Wednesday, hitting $43.54. The stock had a trading volume of 133,061 shares, compared to its average volume of 1,354,391. The company has a market capitalization of $11.82 billion, a P/E ratio of 16.28, a P/E/G ratio of 5.25 and a beta of 0.94. The firm’s 50-day moving average price is $44.38 and its two-hundred day moving average price is $45.70. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $50.59. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47.

Gaming and Leisure Properties (NASDAQ:GLPIGet Free Report) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The firm had revenue of $376.00 million during the quarter, compared to analyst estimates of $368.44 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.66 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.98%. The ex-dividend date is Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio is 112.18%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average price of $45.00 per share, for a total transaction of $112,500.00. Following the completion of the acquisition, the director now directly owns 156,685 shares in the company, valued at $7,050,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on GLPI. Morgan Stanley dropped their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Wedbush reaffirmed an “outperform” rating and issued a $51.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, May 17th. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, May 21st. Finally, Royal Bank of Canada decreased their price objective on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.46.

View Our Latest Analysis on GLPI

Gaming and Leisure Properties Profile

(Free Report)

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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