Sei Investments Co. decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 40.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 243,556 shares of the real estate investment trust’s stock after selling 164,897 shares during the period. Sei Investments Co.’s holdings in Gaming and Leisure Properties were worth $9,174,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Gaming and Leisure Properties by 4,109.0% in the first quarter. BlackRock Inc. now owns 12,544,234 shares of the real estate investment trust’s stock worth $419,228,000 after buying an additional 12,246,199 shares in the last quarter. State Street Corp increased its position in Gaming and Leisure Properties by 27.0% in the first quarter. State Street Corp now owns 3,928,376 shares of the real estate investment trust’s stock worth $131,289,000 after buying an additional 835,670 shares in the last quarter. Broad Run Investment Management LLC increased its position in Gaming and Leisure Properties by 3.1% in the first quarter. Broad Run Investment Management LLC now owns 3,607,663 shares of the real estate investment trust’s stock worth $120,568,000 after buying an additional 107,844 shares in the last quarter. Harris Associates L P increased its position in Gaming and Leisure Properties by 8.1% in the first quarter. Harris Associates L P now owns 2,825,006 shares of the real estate investment trust’s stock worth $94,412,000 after buying an additional 212,065 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Gaming and Leisure Properties by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,610,789 shares of the real estate investment trust’s stock worth $87,251,000 after buying an additional 115,108 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Shares of Gaming and Leisure Properties, Inc. (GLPI) opened at 37.60 on Friday. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $38.89.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.32. Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The firm had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $243.77 million. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities research analysts expect 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 will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.63 dividend. The ex-dividend date is Thursday, September 7th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.70%. Gaming and Leisure Properties’s dividend payout ratio is currently 139.33%.

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Several equities research analysts have weighed in on GLPI shares. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, May 2nd. Deutsche Bank AG raised their target price on shares of Gaming and Leisure Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 28th. BidaskClub downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. TheStreet upgraded shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Gaming and Leisure Properties currently has an average rating of “Hold” and a consensus target price of $37.71.

In other news, Director Barry F. Schwartz acquired 10,000 shares of the company’s stock in a transaction on Friday, June 16th. The shares were bought at an average cost of $36.44 per share, with a total value of $364,400.00. Following the transaction, the director now owns 14,804 shares in the company, valued at approximately $539,457.76. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.88% of the company’s stock.

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.

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

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