D.A. Davidson & CO. cut its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,873 shares of the real estate investment trust’s stock after selling 77 shares during the period. D.A. Davidson & CO.’s holdings in Gaming and Leisure Properties were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new stake in Gaming and Leisure Properties during the second quarter valued at $838,000. Van ECK Associates Corp lifted its position in Gaming and Leisure Properties by 59.8% during the second quarter. Van ECK Associates Corp now owns 36,102 shares of the real estate investment trust’s stock valued at $1,360,000 after purchasing an additional 13,507 shares during the last quarter. Menta Capital LLC bought a new position in Gaming and Leisure Properties during the second quarter valued at $2,806,000. New York State Common Retirement Fund lifted its position in Gaming and Leisure Properties by 40.4% during the second quarter. New York State Common Retirement Fund now owns 798,290 shares of the real estate investment trust’s stock valued at $30,072,000 after purchasing an additional 229,549 shares during the last quarter. Finally, Investec Asset Management LTD grew its stake in shares of Gaming and Leisure Properties by 19.2% in the 2nd quarter. Investec Asset Management LTD now owns 1,387,054 shares of the real estate investment trust’s stock worth $52,250,000 after buying an additional 223,569 shares in the last quarter. 89.33% of the stock is owned by institutional investors.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at 36.75 on Tuesday. Gaming and Leisure Properties, Inc. has a 52-week low of $29.32 and a 52-week high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.32). The firm had revenue of $243.40 million for 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 company’s revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post $1.80 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a dividend of $0.63 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 6.86%. The ex-dividend date was Thursday, September 7th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 141.57%.

A number of equities analysts have commented on GLPI shares. BidaskClub downgraded shares of Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Thursday, June 15th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $39.00 price target on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Barclays PLC 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 report on Wednesday, August 16th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $39.17.

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Gaming and Leisure Properties 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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