Geode Capital Management LLC Has $180.96 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Geode Capital Management LLC lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,905,995 shares of the real estate investment trust’s stock after purchasing an additional 41,862 shares during the period. Geode Capital Management LLC owned 1.67% of Gaming and Leisure Properties worth $180,963,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of GLPI. First Manhattan Co. bought a new position in Gaming and Leisure Properties during the first quarter valued at about $32,000. FFT Wealth Management LLC bought a new position in Gaming and Leisure Properties during the second quarter valued at about $33,000. PNC Managed Account Solutions Inc. bought a new position in Gaming and Leisure Properties during the second quarter valued at about $38,000. tru Independence LLC bought a new position in Gaming and Leisure Properties during the second quarter valued at about $43,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Gaming and Leisure Properties by 53.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

In other Gaming and Leisure Properties news, EVP Brandon John Moore sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $50.02, for a total transaction of $500,200.00. Following the transaction, the executive vice president now owns 156,502 shares of the company’s stock, valued at approximately $7,828,230.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.53% of the stock is currently owned by corporate insiders.

Shares of GLPI opened at $48.53 on Thursday. The company has a market capitalization of $11.37 billion, a P/E ratio of 19.81, a PEG ratio of 4.11 and a beta of 1.01. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.92 and a quick ratio of 1.92. Gaming and Leisure Properties, Inc. has a one year low of $36.18 and a one year high of $51.46. The business’s 50 day simple moving average is $48.22 and its 200-day simple moving average is $46.82.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 29th. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Gaming and Leisure Properties had a return on equity of 21.96% and a net margin of 45.79%. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday, September 10th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 5.52%. The ex-dividend date was Thursday, September 9th. Gaming and Leisure Properties’s dividend payout ratio is 77.68%.

GLPI has been the topic of several research reports. Capital One Financial initiated coverage on Gaming and Leisure Properties in a research note on Thursday, September 2nd. They set an “overweight” rating and a $54.00 price target on the stock. Morgan Stanley upped their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, August 4th. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, October 6th. Mizuho upped their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 5th. Finally, UBS Group upgraded Gaming and Leisure Properties from a “neutral” rating to a “buy” rating and upped their price objective for the company from $42.00 to $54.00 in a research note on Wednesday, August 4th. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Buy” and a consensus target price of $50.67.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. It operates through the GLP Capital and TRS Properties segments. The GLP Capital segment consists of the leased real property and represents the majority of business.

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

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