Allen Investment Management LLC purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,040 shares of the real estate investment trust’s stock, valued at approximately $491,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLPI. Penserra Capital Management LLC boosted its position in shares of Gaming and Leisure Properties by 99.2% in the first quarter. Penserra Capital Management LLC now owns 4,474 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 2,228 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Gaming and Leisure Properties during the second quarter worth about $221,000. Geneva Advisors LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth about $201,000. Vident Investment Advisory LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth about $201,000. Finally, Neuberger Berman Group LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth about $205,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at 38.69 on Thursday. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $38.89.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.32. The business had revenue of $243.40 million during the quarter, compared to analyst estimates of $243.77 million. Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post $1.80 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.63 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.52 dividend on an annualized basis and a yield of 6.51%. Gaming and Leisure Properties’s dividend payout ratio is presently 139.33%.

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GLPI has been the topic of a number of analyst reports. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. TheStreet upgraded Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, Barclays PLC boosted their price objective on 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.50.

In other Gaming and Leisure Properties news, Director Barry F. Schwartz acquired 10,000 shares of the business’s stock in a transaction on Friday, June 16th. The stock was bought at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the acquisition, the director now owns 14,804 shares in the company, valued at $539,457.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.88% of the stock is currently owned by corporate insiders.

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. Its segments include GLP Capital, L.P.

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

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