Systematic Financial Management LP reduced its position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 33.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 469,566 shares of the real estate investment trust’s stock after selling 230,796 shares during the period. Systematic Financial Management LP owned approximately 0.22% of Gaming and Leisure Properties worth $16,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Gaming and Leisure Properties by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,948,661 shares of the real estate investment trust’s stock worth $98,692,000 after purchasing an additional 97,125 shares in the last quarter. Northern Trust Corp increased its holdings in Gaming and Leisure Properties by 9.2% in the first quarter. Northern Trust Corp now owns 2,185,983 shares of the real estate investment trust’s stock valued at $73,164,000 after buying an additional 183,582 shares in the last quarter. HG Vora Capital Management LLC purchased a new position in Gaming and Leisure Properties in the first quarter valued at about $70,287,000. Jennison Associates LLC increased its holdings in Gaming and Leisure Properties by 11.5% in the second quarter. Jennison Associates LLC now owns 1,815,040 shares of the real estate investment trust’s stock valued at $64,978,000 after buying an additional 186,953 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in Gaming and Leisure Properties in the first quarter valued at about $49,376,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Gaming and Leisure Properties stock opened at $35.44 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.60 and a quick ratio of 2.60. Gaming and Leisure Properties Inc has a 12-month low of $32.51 and a 12-month high of $39.32. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.06 and a beta of 0.79.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.34). Gaming and Leisure Properties had a return on equity of 15.56% and a net margin of 38.54%. The business had revenue of $254.22 million for the quarter, compared to analysts’ expectations of $254.40 million. During the same period last year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. sell-side analysts predict that Gaming and Leisure Properties Inc will post 3.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, September 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.11%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 80.00%.

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 3,000 shares of the company’s stock in a transaction dated Friday, June 8th. The stock was acquired at an average cost of $35.32 per share, with a total value of $105,960.00. Following the purchase, the director now directly owns 62,971 shares in the company, valued at approximately $2,224,135.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.88% of the company’s stock.

A number of brokerages have issued reports on GLPI. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Morgan Stanley raised shares of Gaming and Leisure Properties from an “equal” rating to a “weight” rating and set a $37.00 target price for the company in a report on Tuesday, July 24th. Barclays dropped their target price on shares of Gaming and Leisure Properties from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. BidaskClub cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, ValuEngine cut shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.00.

Gaming and Leisure Properties Company Profile

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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