Gaming and Leisure Properties, Inc. (GLPI) Stake Lessened by American Century Companies Inc.

American Century Companies Inc. cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 994,620 shares of the real estate investment trust’s stock after selling 82,436 shares during the period. American Century Companies Inc. owned approximately 0.47% of Gaming and Leisure Properties worth $36,692,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in GLPI. Capital World Investors raised its position in shares of Gaming and Leisure Properties by 760.4% during the second quarter. Capital World Investors now owns 4,044,000 shares of the real estate investment trust’s stock worth $152,337,000 after purchasing an additional 3,574,000 shares during the period. AJO LP acquired a new position in Gaming and Leisure Properties during the second quarter valued at $126,547,000. Renaissance Technologies LLC raised its position in Gaming and Leisure Properties by 86.1% during the second 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 during the period. BlackRock Inc. raised its position in Gaming and Leisure Properties by 8.5% during 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 buying an additional 1,070,254 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Gaming and Leisure Properties during the second quarter valued at $40,170,000. 91.65% of the stock is currently owned by institutional investors.

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

GLPI has been the topic of several recent analyst reports. 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. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services set a $41.00 price target on Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research raised 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 report on Tuesday, October 31st. Finally, Barclays PLC upped their price target on 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.86.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at $36.64 on Tuesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. Gaming and Leisure Properties, Inc. has a 52-week low of $29.32 and a 52-week high of $39.32. The firm has a market capitalization of $7,819.55, a PE ratio of 11.65, a price-to-earnings-growth ratio of 3.86 and a beta of 0.86.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Gaming and Leisure Properties had a return on equity of 15.50% and a net margin of 39.68%. The company had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. During the same period in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is currently 140.00%.

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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.

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

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