The Manufacturers Life Insurance Company increased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,763 shares of the real estate investment trust’s stock after buying an additional 473 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Gaming and Leisure Properties were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in Gaming and Leisure Properties by 3.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 23,540 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 731 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $2,181,000. Systematic Financial Management LP increased its holdings in Gaming and Leisure Properties by 44.4% during the 2nd quarter. Systematic Financial Management LP now owns 498,520 shares of the real estate investment trust’s stock worth $18,779,000 after purchasing an additional 153,377 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Gaming and Leisure Properties by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,269,870 shares of the real estate investment trust’s stock worth $47,837,000 after purchasing an additional 55,471 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Gaming and Leisure Properties by 11.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock worth $26,513,000 after purchasing an additional 73,869 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

GLPI has been the subject of a number of recent research reports. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, October 31st. Ladenburg Thalmann Financial Services set a $41.00 price objective on Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Monday, October 30th. SunTrust Banks reissued a “hold” rating and set a $38.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Barclays boosted their price objective on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.83.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at $35.75 on Thursday. The stock has a market capitalization of $7,594.19, a P/E ratio of 11.32, a PEG ratio of 3.75 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 twelve month low of $29.32 and a twelve month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $244.50 million during the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. Gaming and Leisure Properties’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio is presently 140.00%.

In other Gaming and Leisure Properties news, Director E Scott Urdang bought 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, October 30th. The stock was bought at an average cost of $36.23 per share, with a total value of $181,150.00. Following the completion of the acquisition, the director now directly owns 55,241 shares in the company, valued at approximately $2,001,381.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.88% of the company’s stock.

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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.

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

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