Gaming and Leisure Properties, Inc. (GLPI) Stake Lessened by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,800 shares of the real estate investment trust’s stock after selling 11,600 shares during the quarter. Macquarie Group Ltd.’s holdings in Gaming and Leisure Properties were worth $2,169,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in Gaming and Leisure Properties by 2.8% in the 2nd 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 buying an additional 400,000 shares in the last quarter. BlackRock Inc. lifted its stake in Gaming and Leisure Properties by 8.5% in the 2nd quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock valued at $512,857,000 after buying an additional 1,070,254 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Gaming and Leisure Properties by 86.1% in the 2nd quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock valued at $191,608,000 after buying an additional 2,353,055 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Gaming and Leisure Properties by 26,378.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock valued at $171,912,000 after buying an additional 4,642,536 shares in the last quarter. Finally, Capital World Investors lifted its stake in Gaming and Leisure Properties by 760.4% in the 2nd quarter. Capital World Investors now owns 4,044,000 shares of the real estate investment trust’s stock valued at $152,337,000 after buying an additional 3,574,000 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at $35.72 on Wednesday. The company has a market cap of $7,683.48, a PE ratio of 11.45, a price-to-earnings-growth ratio of 3.80 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 1-year low of $29.32 and a 1-year high of $39.32.

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

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 7.05%. Gaming and Leisure Properties’s payout ratio is 140.00%.

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 5,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was bought at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the acquisition, the director now owns 55,241 shares in the company, valued at $2,001,381.43. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.88% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This news story was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://weekherald.com/2017/12/06/gaming-and-leisure-properties-inc-glpi-stake-lessened-by-macquarie-group-ltd.html.

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.

Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI).

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