Neuberger Berman Group LLC grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 27.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,830 shares of the real estate investment trust’s stock after acquiring an additional 1,687 shares during the quarter. Neuberger Berman Group LLC’s holdings in Gaming and Leisure Properties were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $221,000. Vident Investment Advisory LLC bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $201,000. BlueCrest Capital Management Ltd bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $248,000. PHH Investments Ltd. bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $329,000. Finally, Parametrica Management Ltd bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $389,000. Institutional investors and hedge funds own 89.33% of the company’s stock.

A number of equities research analysts have recently weighed in on GLPI shares. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Thursday, June 15th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $39.00 price target on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Finally, Barclays PLC boosted their price target on Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.57.

Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at 36.94 on Monday. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $39.32.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $243.40 million during the quarter, compared to analyst estimates of $243.77 million. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts predict that Gaming and Leisure Properties, Inc. will post $1.80 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a $0.63 dividend. The ex-dividend date was Thursday, September 7th. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.82%. Gaming and Leisure Properties’s dividend payout ratio is presently 141.57%.

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

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