Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 639,368 shares of the real estate investment trust’s stock after selling 17,963 shares during the quarter. Retirement Systems of Alabama owned about 0.22% of Gaming and Leisure Properties worth $24,277,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. grew its stake in shares of Gaming and Leisure Properties by 38.7% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 1,675 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 467 shares during the period. StoneX Group Inc. purchased a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $678,000. Parallel Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 83.3% in the 3rd quarter. Parallel Advisors LLC now owns 9,805 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 4,455 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of Gaming and Leisure Properties by 12.4% in the third quarter. Alps Advisors Inc. now owns 5,977 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 660 shares during the period. Finally, CenterBook Partners LP lifted its stake in shares of Gaming and Leisure Properties by 430.8% in the third quarter. CenterBook Partners LP now owns 77,395 shares of the real estate investment trust’s stock valued at $2,939,000 after purchasing an additional 62,815 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GLPI. Citigroup initiated coverage on shares of Gaming and Leisure Properties in a research report on Wednesday, November 4th. They set a “buy” rating and a $49.00 target price on the stock. Morgan Stanley dropped their target price on shares of Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, September 17th. Citizens Jmp reduced their price target on shares of Gaming and Leisure Properties from $55.00 to $49.00 and set a “market outperform” rating for the company in a research report on Friday, October 2nd. Mizuho decreased their price target on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 2nd. Finally, Weiss Ratings cut Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.36.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was bought at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.1%

Shares of GLPI stock opened at $39.27 on Thursday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $37.33 and a fifty-two week high of $49.95. The stock has a market cap of $11.42 billion, a P/E ratio of 12.01, a P/E/G ratio of 2.01 and a beta of 0.64. The business has a fifty day simple moving average of $39.37 and a 200-day simple moving average of $44.25. The company has a quick ratio of 5.38, a current ratio of 5.38 and a debt-to-equity ratio of 1.52.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The business had revenue of $435.45 million during the quarter, compared to analysts’ expectations of $436.30 million. Gaming and Leisure Properties had a return on equity of 18.16% and a net margin of 55.71%. Gaming and Leisure Properties’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 4.02 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 8.4%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 100.31%.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is a real estate investment trust focused on owning properties used by gaming and leisure businesses. The company leases its properties to casino operators, which generally manage the gaming and hospitality operations. GLPI was established in 2013 as a spin-off from Penn National Gaming, now known as PENN Entertainment. Its portfolio includes casino and related entertainment properties in multiple U.S. states, and the company grows through property acquisitions, lease arrangements and development financing.