Ameriprise Financial Inc. lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,309 shares of the real estate investment trust’s stock after selling 6,081 shares during the period. Ameriprise Financial Inc. owned approximately 0.24% of Gaming and Leisure Properties worth $18,456,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new stake in Gaming and Leisure Properties during the second quarter worth about $101,000. First Quadrant L P CA bought a new stake in Gaming and Leisure Properties during the third quarter worth about $151,000. Advisor Group Inc. grew its stake in Gaming and Leisure Properties by 75.3% during the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,998 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Gaming and Leisure Properties during the second quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company grew its stake in Gaming and Leisure Properties by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 473 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at $36.33 on Tuesday. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $39.32. The stock has a market cap of $7,698.37, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 3.80 and a beta of 0.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $244.50 million for the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.09 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a yield of 6.94%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 140.00%.

Several research firms have recently commented on GLPI. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, October 31st. Barclays increased their price target on shares of 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. SunTrust Banks reissued a “hold” rating and set a $38.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Finally, Ladenburg Thalmann Financial Services set a $41.00 price target on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Gaming and Leisure Properties presently has a consensus rating of “Hold” and a consensus price target of $39.83.

In other news, Director E Scott Urdang bought 5,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the acquisition, the director now owns 55,241 shares in the company, valued at approximately $2,001,381.43. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.88% of the company’s stock.

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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.

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

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