Prudential Financial Inc. cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,201 shares of the real estate investment trust’s stock after selling 1,900 shares during the quarter. Prudential Financial Inc.’s holdings in Gaming and Leisure Properties were worth $561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. increased its holdings in shares of Gaming and Leisure Properties by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 23,540 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 731 shares during the period. Delta Lloyd Asset Management N.V. bought a new position in shares of Gaming and Leisure Properties during the second quarter worth approximately $2,181,000. Systematic Financial Management LP increased its holdings in shares of Gaming and Leisure Properties by 44.4% during the second quarter. Systematic Financial Management LP now owns 498,520 shares of the real estate investment trust’s stock worth $18,779,000 after purchasing an additional 153,377 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Gaming and Leisure Properties by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,269,870 shares of the real estate investment trust’s stock worth $47,837,000 after purchasing an additional 55,471 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Gaming and Leisure Properties by 11.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock worth $26,513,000 after purchasing an additional 73,869 shares during the period. 92.07% of the stock is currently owned by institutional investors.

In related news, Director E Scott Urdang bought 5,000 shares of the business’s stock in a transaction 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 directly owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.88% of the company’s stock.

Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at $36.21 on Monday. The stock has a market cap of $7,698.35, a P/E ratio of 11.47, a P/E/G ratio of 3.80 and a beta of 0.86. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. Gaming and Leisure Properties, Inc. has a one year low of $29.32 and a one year high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $244.50 million for the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 6.96%. Gaming and Leisure Properties’s dividend payout ratio is currently 140.00%.

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

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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.

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

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