Royal Bank of Canada boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,795 shares of the real estate investment trust’s stock after purchasing an additional 352 shares during the period. Royal Bank of Canada’s holdings in Gaming and Leisure Properties were worth $557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new stake in Gaming and Leisure Properties in the second quarter valued at $101,000. Advisor Group Inc. increased its holdings in Gaming and Leisure Properties by 75.3% in the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 1,998 shares during the period. Penserra Capital Management LLC increased its holdings in Gaming and Leisure Properties by 135.9% in the second quarter. Penserra Capital Management LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 6,078 shares during the period. CIBC Asset Management Inc acquired a new stake in Gaming and Leisure Properties in the second quarter valued at $221,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Gaming and Leisure Properties in the second quarter valued at $259,000. Institutional investors and hedge funds own 89.61% of the company’s stock.

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Shares of Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at $36.78 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. Gaming and Leisure Properties, Inc. has a 1-year low of $29.32 and a 1-year high of $39.32. The firm has a market capitalization of $7,819.54, a PE ratio of 11.65, a price-to-earnings-growth ratio of 3.86 and a beta of 0.86.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The firm had revenue of $244.50 million during the quarter, compared to the consensus estimate of $243.66 million. During the same period last year, the business posted $0.43 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.85%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 140.00%.

In related news, Director E Scott Urdang acquired 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were bought at an average price of $36.23 per share, with a total value of $181,150.00. Following the transaction, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.88% of the stock is owned by corporate insiders.

GLPI has been the subject of a number of recent research reports. 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. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Barclays PLC increased their price target 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. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Gaming and Leisure Properties currently has a consensus rating of “Hold” and an average target price of $38.86.

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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