Virginia Retirement Systems ET AL decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 15.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 145,000 shares of the real estate investment trust’s stock after selling 26,700 shares during the period. Virginia Retirement Systems ET AL owned 0.07% of Gaming and Leisure Properties worth $5,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLPI. Mckinley Capital Management LLC Delaware purchased a new position in shares of Gaming and Leisure Properties during the second quarter valued at approximately $101,000. Advisor Group Inc. lifted its stake in shares of Gaming and Leisure Properties by 75.3% during the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 1,998 shares during the period. First Quadrant L P CA purchased a new position in shares of Gaming and Leisure Properties during the third quarter valued at approximately $151,000. Penserra Capital Management LLC lifted its stake in shares of Gaming and Leisure Properties by 135.9% during 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 buying an additional 6,078 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in shares of Gaming and Leisure Properties during the second quarter valued at approximately $221,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director E Scott Urdang bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the transaction, the director now owns 55,241 shares in the company, valued at $2,001,381.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.88% of the stock is currently owned by company insiders.

A number of equities analysts have weighed in on GLPI shares. Barclays increased their price target on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. SunTrust Banks reaffirmed a “hold” rating and set a $38.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Ladenburg Thalmann Financial Services set a $41.00 price target on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.83.

Shares of Gaming and Leisure Properties, Inc. (GLPI) opened at $36.32 on Friday. The company has a market cap of $7,700.00, a PE ratio of 11.43, a PEG ratio of 3.79 and a beta of 0.58. Gaming and Leisure Properties, Inc. has a 1-year low of $29.32 and a 1-year high of $39.32. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The business had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. During the same period in the prior year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 6.94%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 140.00%.

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Gaming and Leisure Properties 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.

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

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