Global X Management Co. LLC increased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.6% during the second quarter, Holdings Channel reports. The institutional investor owned 322,634 shares of the real estate investment trust’s stock after buying an additional 19,851 shares during the period. Global X Management Co. LLC’s holdings in Gaming and Leisure Properties were worth $12,154,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Penserra Capital Management LLC boosted its stake 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 worth $149,000 after buying an additional 2,228 shares in the last quarter. Geneva Advisors LLC bought a new stake in shares of Gaming and Leisure Properties during the first quarter worth $201,000. Vident Investment Advisory LLC bought a new stake in shares of Gaming and Leisure Properties during the first quarter worth $201,000. Neuberger Berman Group LLC bought a new stake in shares of Gaming and Leisure Properties during the first quarter worth $205,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth $221,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at 37.56 on Thursday. The company has a 50 day moving average of $37.69 and a 200-day moving average of $34.73. Gaming and Leisure Properties, Inc. has a one year low of $29.32 and a one year high of $38.89. The firm has a market cap of $7.98 billion, a PE ratio of 21.07 and a beta of 0.90.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.32. Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The business had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $243.77 million. During the same quarter in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post $1.80 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.63 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, September 7th. This represents a $2.52 annualized dividend and a yield of 6.71%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 139.33%.

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A number of equities research analysts have weighed in on the stock. BidaskClub cut shares of Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Ladenburg Thalmann Financial Services initiated coverage on shares of Gaming and Leisure Properties in a report on Friday, June 2nd. They issued a “buy” rating and a $41.00 price objective for the company. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Thursday, June 15th. Stifel Nicolaus restated a “hold” rating and issued a $39.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Finally, TheStreet upgraded shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.71.

In other news, Director Barry F. Schwartz acquired 10,000 shares of the stock in a transaction on Friday, June 16th. The stock was bought at an average price of $36.44 per share, with a total value of $364,400.00. Following the completion of the transaction, the director now directly owns 14,804 shares of the company’s stock, valued at $539,457.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.88% of the stock is owned by company insiders.

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.

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

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