Schroder Investment Management Group raised its position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,560 shares of the real estate investment trust’s stock after purchasing an additional 1,548 shares during the period. Schroder Investment Management Group owned about 0.05% of Gaming and Leisure Properties worth $3,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Qube Research & Technologies Ltd bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth $273,000. Hilltop Holdings Inc. raised its position in shares of Gaming and Leisure Properties by 28.8% in the 2nd quarter. Hilltop Holdings Inc. now owns 8,073 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 1,803 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Gaming and Leisure Properties by 29.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,099 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 1,821 shares in the last quarter. Signition LP bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth $323,000. Finally, Baird Financial Group Inc. bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth $373,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Shares of GLPI stock opened at $34.72 on Friday. Gaming and Leisure Properties Inc has a 1-year low of $32.51 and a 1-year high of $37.29. The company has a current ratio of 10.00, a quick ratio of 10.00 and a debt-to-equity ratio of 2.31. The firm has a market cap of $7.47 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The business had revenue of $254.14 million for the quarter, compared to analysts’ expectations of $255.55 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Gaming and Leisure Properties Inc will post 3.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 7.83%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, December 13th. Gaming and Leisure Properties’s payout ratio is 80.00%.

GLPI has been the subject of several recent research reports. BidaskClub lowered Gaming and Leisure Properties from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 22nd. SunTrust Banks reissued a “buy” rating and issued a $39.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 2nd. Credit Suisse Group initiated coverage on Gaming and Leisure Properties in a research report on Tuesday, August 14th. They issued an “outperform” rating and a $41.00 price target for the company. Barclays boosted their price target on Gaming and Leisure Properties from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 19th. Finally, Oppenheimer began coverage on Gaming and Leisure Properties in a research note on Tuesday, August 14th. They set an “outperform” rating and a $41.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $39.55.

In other news, Director David A. Handler purchased 11,000 shares of the company’s stock in a transaction on Friday, November 9th. The shares were acquired at an average price of $33.50 per share, for a total transaction of $368,500.00. Following the purchase, the director now owns 323,461 shares in the company, valued at $10,835,943.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph W. Marshall III purchased 1,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were purchased at an average price of $33.33 per share, for a total transaction of $33,330.00. Following the purchase, the director now owns 27,081 shares in the company, valued at approximately $902,609.73. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 26,000 shares of company stock worth $873,910. 5.88% of the stock is owned by company insiders.

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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.

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

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