First Trust Advisors LP lifted its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 12.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,378 shares of the real estate investment trust’s stock after purchasing an additional 27,644 shares during the period. First Trust Advisors LP owned 0.12% of Gaming and Leisure Properties worth $6,883,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in Gaming and Leisure Properties by 51.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,440,178 shares of the real estate investment trust’s stock worth $39,856,000 after buying an additional 486,311 shares in the last quarter. Rhumbline Advisers increased its stake in Gaming and Leisure Properties by 22.1% in the 1st quarter. Rhumbline Advisers now owns 272,831 shares of the real estate investment trust’s stock worth $7,560,000 after buying an additional 49,305 shares in the last quarter. New York State Common Retirement Fund increased its stake in Gaming and Leisure Properties by 10.6% in the 1st quarter. New York State Common Retirement Fund now owns 481,721 shares of the real estate investment trust’s stock worth $13,348,000 after buying an additional 46,287 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Gaming and Leisure Properties by 15.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 100,415 shares of the real estate investment trust’s stock worth $2,782,000 after buying an additional 13,688 shares in the last quarter. Finally, Keebeck Alpha LP purchased a new stake in Gaming and Leisure Properties in the 1st quarter worth $228,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

GLPI opened at $34.10 on Friday. The firm has a 50-day simple moving average of $26.75 and a two-hundred day simple moving average of $38.03. Gaming and Leisure Properties Inc has a 52 week low of $12.78 and a 52 week high of $49.99. The company has a market capitalization of $7.22 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.56 and a beta of 0.91. The company has a quick ratio of 9.92, a current ratio of 9.92 and a debt-to-equity ratio of 3.20.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.40). Gaming and Leisure Properties had a net margin of 34.35% and a return on equity of 18.91%. The company had revenue of $283.50 million for the quarter, compared to the consensus estimate of $283.61 million. During the same period last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts expect that Gaming and Leisure Properties Inc will post 3.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, May 13th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Tuesday, May 12th. Gaming and Leisure Properties’s payout ratio is 13.95%.

A number of equities research analysts have issued reports on the company. TheStreet lowered Gaming and Leisure Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, March 31st. Nomura Securities upgraded Gaming and Leisure Properties from a “neutral” rating to a “buy” rating and cut their price target for the stock from $45.00 to $29.00 in a research note on Wednesday, March 25th. Zacks Investment Research lowered Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, April 28th. SunTrust Banks cut their price target on Gaming and Leisure Properties from $56.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Deutsche Bank dropped their price objective on shares of Gaming and Leisure Properties from $46.00 to $38.00 and set a “buy” rating for the company in a report on Friday, May 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $36.43.

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of $14.80 per share, with a total value of $148,000.00. Also, Director E Scott Urdang purchased 2,500 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $44.10 per share, with a total value of $110,250.00. Following the acquisition, the director now owns 101,299 shares in the company, valued at approximately $4,467,285.90. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 27,500 shares of company stock valued at $761,300. 6.05% of the stock is owned by insiders.

Gaming and Leisure Properties Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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

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