Legal & General Group Plc increased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 462,506 shares of the real estate investment trust’s stock after buying an additional 26,803 shares during the period. Legal & General Group Plc’s holdings in Gaming and Leisure Properties were worth $15,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Delta Lloyd NV acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $2,111,000. World Asset Management Inc raised its stake in shares of Gaming and Leisure Properties by 19.3% in the first quarter. World Asset Management Inc now owns 11,564 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 1,869 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Gaming and Leisure Properties by 36.0% in the first quarter. Daiwa Securities Group Inc. now owns 15,500 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 4,100 shares during the period. Pacer Advisors Inc. raised its stake in shares of Gaming and Leisure Properties by 19.0% in the first quarter. Pacer Advisors Inc. now owns 27,634 shares of the real estate investment trust’s stock worth $924,000 after buying an additional 4,416 shares during the period. Finally, Cadence Capital Management LLC raised its stake in shares of Gaming and Leisure Properties by 79.2% in the fourth quarter. Cadence Capital Management LLC now owns 12,511 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 5,529 shares during the period. 90.15% of the stock is owned by institutional investors.

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

Gaming and Leisure Properties, Inc. (GLPI) traded down 0.11% during trading on Tuesday, hitting $36.96. The stock had a trading volume of 169,897 shares. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 21.44 and a beta of 0.90. The company has a 50-day moving average of $36.15 and a 200 day moving average of $32.95. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $37.30.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Gaming and Leisure Properties had a return on equity of 16.42% and a net margin of 38.01%. The business had revenue of $242.71 million during the quarter, compared to analysts’ expectations of $240.88 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was up 63.1% on a year-over-year basis. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post $1.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $2.48 annualized dividend and a yield of 6.70%. Gaming and Leisure Properties’s dividend payout ratio is currently 144.19%.

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GLPI has been the subject of a number of research reports. Zacks Investment Research lowered Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Deutsche Bank AG raised their target price on Gaming and Leisure Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 28th. TheStreet upgraded Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Ladenburg Thalmann Financial Services initiated coverage on Gaming and Leisure Properties in a research note on Friday, June 2nd. They issued a “buy” rating and a $41.00 target price for the company. Finally, BidaskClub lowered Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.00.

In other news, Director Barry F. Schwartz purchased 10,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were acquired at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the completion of the acquisition, the director now owns 14,804 shares in the company, valued at $539,457.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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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