State of Tennessee Treasury Department lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 48.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,436 shares of the real estate investment trust’s stock after buying an additional 27,742 shares during the quarter. State of Tennessee Treasury Department’s holdings in Gaming and Leisure Properties were worth $3,181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 99.2% during 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. CIBC Asset Management Inc acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth $221,000. Vident Investment Advisory LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $201,000. Neuberger Berman Group LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $205,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $248,000. 89.35% of the stock is owned by institutional investors.

Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at 37.60 on Friday. The firm has a market cap of $7.99 billion, a P/E ratio of 21.09 and a beta of 0.89. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $39.32. The firm’s 50-day moving average price is $38.17 and its 200 day moving average price is $35.90.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the 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 period in the previous year, the business earned $0.39 EPS. The business’s revenue was up 17.4% on a year-over-year basis. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post $1.80 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.63 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.52 annualized dividend and a dividend yield of 6.70%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 141.57%.

A number of equities research analysts have recently weighed in on the company. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Barclays PLC lifted their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Gaming and Leisure Properties presently has an average rating of “Hold” and a consensus price target of $38.57.

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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.

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

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