Parametric Portfolio Associates LLC boosted its position in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 26.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,764 shares of the real estate investment trust’s stock after buying an additional 128,392 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Gaming and Leisure Properties were worth $23,711,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Parallel Advisors LLC raised its stake in shares of Gaming and Leisure Properties by 50.6% in the 4th quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 304 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $31,000. Quadrant Capital Group LLC raised its stake in shares of Gaming and Leisure Properties by 39.9% in the 1st quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 282 shares in the last quarter. Ffcm LLC raised its stake in shares of Gaming and Leisure Properties by 72.4% in the 4th quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 479 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Gaming and Leisure Properties by 43.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $39.06, for a total value of $1,619,349.48. Following the completion of the transaction, the chief accounting officer now owns 119,264 shares in the company, valued at approximately $4,658,451.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.88% of the stock is currently owned by corporate insiders.

NASDAQ GLPI opened at $39.27 on Tuesday. Gaming and Leisure Properties Inc has a 52 week low of $31.19 and a 52 week high of $40.69. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.95 and a beta of 0.57.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend is Thursday, June 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 85.53%.

A number of brokerages recently weighed in on GLPI. BidaskClub downgraded shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Stifel Nicolaus raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $43.00 in a research report on Monday, April 15th. Credit Suisse Group reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, March 20th. Finally, Deutsche Bank restated a “buy” rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Sunday, May 12th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $41.70.

WARNING: “Gaming and Leisure Properties Inc (GLPI) Holdings Boosted by Parametric Portfolio Associates LLC” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.watchlistnews.com/gaming-and-leisure-properties-inc-glpi-holdings-boosted-by-parametric-portfolio-associates-llc/3031195.html.

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.

See Also: Oversold

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.