Apollo Management Holdings L.P. boosted its holdings in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 78.9% during the second quarter, HoldingsChannel.com reports. The firm owned 340,000 shares of the real estate investment trust’s stock after acquiring an additional 150,000 shares during the quarter. Apollo Management Holdings L.P.’s holdings in Gaming and Leisure Properties were worth $12,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GLPI. First Mercantile Trust Co. grew its holdings in Gaming and Leisure Properties by 36.6% in the first quarter. First Mercantile Trust Co. now owns 5,600 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 1,500 shares during the period. Ostrum Asset Management purchased a new stake in Gaming and Leisure Properties in the first quarter worth about $189,000. PVG Asset Management Corp purchased a new stake in Gaming and Leisure Properties in the first quarter worth about $236,000. Rational Advisors LLC purchased a new stake in Gaming and Leisure Properties in the first quarter worth about $236,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Gaming and Leisure Properties in the first quarter worth about $265,000. Institutional investors and hedge funds own 87.21% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Morgan Stanley upgraded shares of Gaming and Leisure Properties from an “equal” rating to a “weight” rating and set a $37.00 target price on the stock in a research note on Tuesday, July 24th. Barclays dropped their target price on shares of Gaming and Leisure Properties from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, July 12th. BidaskClub downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, ValuEngine downgraded shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Gaming and Leisure Properties currently has an average rating of “Hold” and a consensus price target of $39.00.

In other news, Director E Scott Urdang bought 3,000 shares of the company’s stock in a transaction dated Friday, June 8th. The shares were purchased at an average price of $35.32 per share, for a total transaction of $105,960.00. Following the completion of the purchase, the director now owns 62,971 shares in the company, valued at approximately $2,224,135.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.88% of the company’s stock.

Shares of NASDAQ GLPI opened at $35.60 on Wednesday. The company has a market capitalization of $7.65 billion, a PE ratio of 11.30, a PEG ratio of 1.09 and a beta of 0.78. Gaming and Leisure Properties Inc has a 52-week low of $32.51 and a 52-week high of $39.32. The company has a debt-to-equity ratio of 1.89, a quick ratio of 2.60 and a current ratio of 2.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.34). The firm had revenue of $254.22 million during the quarter, compared to the consensus estimate of $254.40 million. Gaming and Leisure Properties had a return on equity of 15.56% and a net margin of 38.54%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. research analysts anticipate that Gaming and Leisure Properties Inc will post 3.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $2.52 annualized dividend and a dividend yield of 7.08%. Gaming and Leisure Properties’s dividend payout ratio is presently 80.00%.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

Recommended Story: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties Inc (NASDAQ:GLPI).

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

Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter.