OxFORD Asset Management LLP trimmed its position in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 63.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,991 shares of the real estate investment trust’s stock after selling 36,475 shares during the quarter. OxFORD Asset Management LLP’s holdings in Gaming and Leisure Properties were worth $771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors grew its position in Gaming and Leisure Properties by 2.8% during the 2nd quarter. Capital Research Global Investors now owns 14,506,957 shares of the real estate investment trust’s stock worth $546,477,000 after purchasing an additional 400,000 shares during the last quarter. BlackRock Inc. grew its position in Gaming and Leisure Properties by 8.5% during the 2nd quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock worth $512,857,000 after purchasing an additional 1,070,254 shares during the last quarter. Renaissance Technologies LLC grew its position in Gaming and Leisure Properties by 86.1% during the 2nd quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock worth $191,608,000 after purchasing an additional 2,353,055 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Gaming and Leisure Properties by 26,378.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock worth $171,912,000 after purchasing an additional 4,642,536 shares during the last quarter. Finally, Capital World Investors grew its position in Gaming and Leisure Properties by 760.4% during the 2nd quarter. Capital World Investors now owns 4,044,000 shares of the real estate investment trust’s stock worth $152,337,000 after purchasing an additional 3,574,000 shares during the last quarter. Institutional investors and hedge funds own 92.04% of the company’s stock.

Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) opened at $36.51 on Friday. The firm has a market cap of $7,749.39, a PE ratio of 20.28, a PEG ratio of 3.83 and a beta of 0.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78. Gaming and Leisure Properties Inc has a fifty-two week low of $29.96 and a fifty-two week high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The firm had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. sell-side analysts expect that Gaming and Leisure Properties Inc will post 3.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend was Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 140.00%.

In related news, Director E Scott Urdang acquired 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the purchase, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 5.88% of the stock is owned by company insiders.

Several research analysts have issued reports on the stock. Ladenburg Thalmann Financial Services set a $43.00 price objective on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Tuesday, December 19th. UBS Group raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $40.17.

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About Gaming and Leisure Properties

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.

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

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