Gaming and Leisure Properties, Inc. $GLPI Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 85.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 51,636 shares of the real estate investment trust’s stock after buying an additional 23,753 shares during the quarter. Machina Capital S.A.S.’s holdings in Gaming and Leisure Properties were worth $2,407,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GLPI. Dodge & Cox lifted its stake in Gaming and Leisure Properties by 0.8% during the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock worth $635,705,000 after purchasing an additional 108,748 shares during the last quarter. Geode Capital Management LLC raised its holdings in Gaming and Leisure Properties by 7.5% during the second quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock worth $323,683,000 after purchasing an additional 483,174 shares in the last quarter. Invesco Ltd. lifted its position in shares of Gaming and Leisure Properties by 3.2% during the 2nd quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock worth $217,408,000 after buying an additional 145,172 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Gaming and Leisure Properties by 8.1% during the 2nd quarter. Jennison Associates LLC now owns 4,599,033 shares of the real estate investment trust’s stock worth $214,683,000 after buying an additional 346,462 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at $175,169,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the transaction, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. This represents a 21.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 36,864 shares of company stock valued at $1,650,906. Insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.2%

Shares of GLPI stock opened at $44.27 on Wednesday. The company has a market capitalization of $12.53 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.67. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The business’s 50 day moving average is $44.41 and its two-hundred day moving average is $45.43. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Wall Street Analyst Weigh In

Several brokerages recently commented on GLPI. Barclays cut their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Cantor Fitzgerald decreased their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, Stifel Nicolaus set a $47.75 price target on Gaming and Leisure Properties in a research report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and an average price target of $51.70.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.