Vanguard Group Inc. boosted its stake in Gaming and Leisure Properties Inc. (NASDAQ:GLPI) by 102.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,056,955 shares of the company’s stock after buying an additional 15,231,804 shares during the period. Vanguard Group Inc. owned about 20.60% of Gaming and Leisure Properties worth $1,036,365,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in GLPI. TIAA CREF Investment Management LLC boosted its stake in Gaming and Leisure Properties by 25.0% in the first quarter. TIAA CREF Investment Management LLC now owns 2,291,065 shares of the company’s stock valued at $70,840,000 after buying an additional 458,129 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Gaming and Leisure Properties by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,492,117 shares of the company’s stock worth $51,447,000 after buying an additional 272,563 shares during the period. Jennison Associates LLC bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth $47,566,000. AJO LP bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth $43,152,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Gaming and Leisure Properties by 56.5% in the second quarter. Bank of New York Mellon Corp now owns 1,057,612 shares of the company’s stock worth $36,466,000 after buying an additional 381,996 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Shares of Gaming and Leisure Properties Inc. (NASDAQ:GLPI) traded up 1.3095% on Thursday, hitting $33.9792. 54,055 shares of the stock were exchanged. The firm’s 50 day moving average price is $34.36 and its 200 day moving average price is $33.31. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 27.2269 and a beta of 1.01. Gaming and Leisure Properties Inc. has a one year low of $24.21 and a one year high of $35.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Tuesday, August 9th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.33. The company had revenue of $207.36 million for the quarter, compared to analyst estimates of $211.68 million. Gaming and Leisure Properties had a net margin of 26.72% and a return on equity of 41.29%. The firm’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. Equities analysts anticipate that Gaming and Leisure Properties Inc. will post $2.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Monday, September 12th will be paid a dividend of $0.60 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $2.40 annualized dividend and a yield of 7.16%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 200.00%.

A number of brokerages recently weighed in on GLPI. Deutsche Bank AG reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Sunday, June 26th. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, June 10th. Finally, Morgan Stanley raised shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $36.00 to $38.00 in a report on Wednesday, September 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.22.

In other Gaming and Leisure Properties news, CEO Peter M. Carlino sold 207,210 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $34.03, for a total transaction of $7,051,356.30. Following the transaction, the chief executive officer now owns 3,706,041 shares of the company’s stock, valued at approximately $126,116,575.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Desiree A. Burke sold 132,156 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $35.40, for a total transaction of $4,678,322.40. Following the transaction, the senior vice president now directly owns 48,149 shares in the company, valued at approximately $1,704,474.60. The disclosure for this sale can be found here. Company insiders own 22.36% of the company’s stock.

Gaming and Leisure Properties Company 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. The Company’s segments include GLP Capital, L.P.

5 Day Chart for NASDAQ:GLPI

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