118,200 Shares in Gaming and Leisure Properties, Inc. (GLPI) Acquired by APG Asset Management N.V.

APG Asset Management N.V. purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 118,200 shares of the real estate investment trust’s stock, valued at approximately $4,360,000. APG Asset Management N.V. owned 0.06% of Gaming and Leisure Properties as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors increased its holdings in shares of Gaming and Leisure Properties by 2.8% in the second quarter. Capital Research Global Investors now owns 14,506,957 shares of the real estate investment trust’s stock valued at $546,477,000 after purchasing an additional 400,000 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Gaming and Leisure Properties by 8.5% in the second quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock valued at $512,857,000 after purchasing an additional 1,070,254 shares in the last quarter. Renaissance Technologies LLC grew its holdings 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 acquiring an additional 2,353,055 shares during the period. Capital World Investors grew its holdings 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 acquiring an additional 3,574,000 shares during the period. Finally, State Street Corp grew its holdings in Gaming and Leisure Properties by 0.8% during the 2nd quarter. State Street Corp now owns 3,961,374 shares of the real estate investment trust’s stock worth $149,222,000 after acquiring an additional 32,998 shares during the period. Institutional investors own 91.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was published by Week Herald and is owned by of Week Herald. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://weekherald.com/2017/11/15/apg-asset-management-n-v-purchases-new-stake-in-gaming-and-leisure-properties-inc-glpi.html.

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 5,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $36.23 per share, with a total value of $181,150.00. Following the completion of the purchase, the director now owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.88% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Barclays PLC boosted their price objective on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Ladenburg Thalmann Financial Services set a $41.00 price target on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Monday, October 30th. SunTrust Banks, Inc. reissued a “hold” rating and set a $38.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Stifel Nicolaus restated a “hold” rating and set a $39.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.86.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at $36.56 on Wednesday. The firm has a market cap of $7,789.79, a P/E ratio of 11.61, a PEG ratio of 3.85 and a beta of 0.86. The company has a current ratio of 0.62, a quick 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 announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (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 period in the prior year, the company posted $0.43 EPS. The company’s revenue was up 4.8% on a year-over-year basis. research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is 140.00%.

Gaming and Leisure Properties Company Profile

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)

Receive News & Ratings for Gaming and Leisure Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply