APG Asset Management N.V. purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 118,200 shares of the real estate investment trust’s stock, valued at approximately $4,360,000. APG Asset Management N.V. owned approximately 0.06% of Gaming and Leisure Properties as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLPI. Prudential Financial Inc. increased its position in shares of Gaming and Leisure Properties by 1.7% during the first quarter. Prudential Financial Inc. now owns 11,701 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 200 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Gaming and Leisure Properties by 1.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 89,879 shares of the real estate investment trust’s stock worth $3,004,000 after purchasing an additional 1,234 shares during the period. Bank of Montreal Can grew its position in Gaming and Leisure Properties by 287.7% in the 2nd quarter. Bank of Montreal Can now owns 241,622 shares of the real estate investment trust’s stock worth $9,103,000 after purchasing an additional 179,298 shares during the period. Exane Derivatives grew its position in Gaming and Leisure Properties by 162,118.2% in the 2nd quarter. Exane Derivatives now owns 17,844 shares of the real estate investment trust’s stock worth $672,000 after purchasing an additional 17,833 shares during the period. Finally, Advisors Capital Management LLC grew its position in Gaming and Leisure Properties by 44.4% in the 2nd quarter. Advisors Capital Management LLC now owns 436,502 shares of the real estate investment trust’s stock worth $16,443,000 after purchasing an additional 134,234 shares during the period. 89.61% of the stock is owned by institutional investors.

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was purchased at an average price of $36.23 per share, with a total value of $181,150.00. Following the transaction, the director now directly owns 55,241 shares in the company, valued at approximately $2,001,381.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.88% of the company’s stock.

A number of equities research analysts have commented on the stock. Ladenburg Thalmann Financial Services set a $41.00 target price on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $39.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Finally, Barclays PLC lifted their target price on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.86.

Shares of Gaming and Leisure Properties, Inc. (GLPI) opened at $36.72 on Monday. Gaming and Leisure Properties, Inc. has a 1 year low of $29.32 and a 1 year high of $39.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $7,806.79, a price-to-earnings ratio of 11.64, a PEG ratio of 3.86 and a beta of 0.86.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued 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. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The firm had revenue of $244.50 million during the quarter, compared to the consensus estimate of $243.66 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is 140.00%.

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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.

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

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