Honeywell International Inc. decreased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 23.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,700 shares of the real estate investment trust’s stock after selling 20,075 shares during the period. Honeywell International Inc.’s holdings in Gaming and Leisure Properties were worth $2,475,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC boosted its position in shares of Gaming and Leisure Properties by 99.2% in the first quarter. Penserra Capital Management LLC now owns 4,474 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 2,228 shares in the last quarter. Geneva Advisors LLC acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at $201,000. Vident Investment Advisory LLC acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at $201,000. Neuberger Berman Group LLC acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at $205,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Gaming and Leisure Properties during the second quarter valued at $221,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Gaming and Leisure Properties, Inc. (GLPI) opened at 37.79 on Wednesday. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $38.89. The stock’s 50 day moving average is $37.62 and its 200 day moving average is $34.55. The company has a market capitalization of $8.03 billion, a PE ratio of 21.19 and a beta of 0.90.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by $0.32. Gaming and Leisure Properties had a return on equity of 17.14% and a net margin of 38.99%. The firm had revenue of $243.40 million for the quarter, compared to analyst estimates of $243.77 million. During the same period in the previous year, the company earned $0.39 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 17.4% compared to the same quarter last year. Analysts predict that Gaming and Leisure Properties, Inc. will post $1.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a $0.63 dividend. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Thursday, September 7th. Gaming and Leisure Properties’s dividend payout ratio is presently 139.33%.

ILLEGAL ACTIVITY WARNING: “Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Honeywell International Inc.” was first published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/09/gaming-and-leisure-properties-inc-nasdaqglpi-shares-sold-by-honeywell-international-inc.html.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $39.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, TheStreet raised shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.71.

In related news, Director Barry F. Schwartz purchased 10,000 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was acquired at an average cost of $36.44 per share, with a total value of $364,400.00. Following the transaction, the director now owns 14,804 shares of the company’s stock, valued at approximately $539,457.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.88% of the company’s stock.

About Gaming and Leisure Properties

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.

Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI).

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

Receive News & Ratings for Gaming and Leisure Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.