Profund Advisors LLC Acquires 2,074 Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI)

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Profund Advisors LLC raised its holdings in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 17.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,668 shares of the real estate investment trust’s stock after buying an additional 2,074 shares during the period. Profund Advisors LLC’s holdings in Gaming and Leisure Properties were worth $533,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GLPI. Teachers Insurance & Annuity Association of America grew its position in shares of Gaming and Leisure Properties by 0.6% in the second quarter. Teachers Insurance & Annuity Association of America now owns 188,774 shares of the real estate investment trust’s stock valued at $7,358,000 after purchasing an additional 1,215 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Gaming and Leisure Properties by 1.8% in the second quarter. Parametric Portfolio Associates LLC now owns 625,574 shares of the real estate investment trust’s stock valued at $24,385,000 after purchasing an additional 10,810 shares during the last quarter. Pictet Asset Management Ltd. grew its position in shares of Gaming and Leisure Properties by 12.9% in the second quarter. Pictet Asset Management Ltd. now owns 38,600 shares of the real estate investment trust’s stock valued at $1,505,000 after purchasing an additional 4,400 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of Gaming and Leisure Properties by 57.0% in the second quarter. Commonwealth Bank of Australia now owns 18,523 shares of the real estate investment trust’s stock valued at $722,000 after purchasing an additional 6,723 shares during the last quarter. Finally, Carlson Capital L P grew its position in shares of Gaming and Leisure Properties by 58.6% in the second quarter. Carlson Capital L P now owns 304,300 shares of the real estate investment trust’s stock valued at $11,862,000 after purchasing an additional 112,400 shares during the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.

GLPI has been the topic of several research reports. Nomura set a $42.00 target price on Gaming and Leisure Properties and gave the company a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley set a $47.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Friday, August 9th. Scotiabank initiated coverage on Gaming and Leisure Properties in a research report on Monday, July 29th. They issued an “outperform” rating on the stock. Zacks Investment Research raised Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $43.22.

In related news, SVP Matthew Demchyk purchased 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of $37.57 per share, with a total value of $187,850.00. Following the completion of the transaction, the senior vice president now directly owns 42,500 shares of the company’s stock, valued at approximately $1,596,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.05% of the company’s stock.

NASDAQ:GLPI traded up $0.15 during trading hours on Thursday, reaching $38.92. 16,057 shares of the company were exchanged, compared to its average volume of 968,582. The company has a market capitalization of $8.33 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.26 and a beta of 0.53. Gaming and Leisure Properties Inc has a 1-year low of $31.19 and a 1-year high of $40.82. The company has a debt-to-equity ratio of 2.78, a current ratio of 4.80 and a quick ratio of 4.80. The business has a 50 day moving average of $38.19 and a 200 day moving average of $38.75.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.33). The company had revenue of $289.01 million for the quarter, compared to analyst estimates of $289.64 million. Gaming and Leisure Properties had a return on equity of 14.98% and a net margin of 29.69%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. As a group, equities research analysts anticipate that Gaming and Leisure Properties Inc will post 3.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Thursday, September 5th. Gaming and Leisure Properties’s dividend payout ratio is currently 85.53%.

Gaming and Leisure Properties 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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