Signition LP Buys New Position in Gaming and Leisure Properties Inc (GLPI)

Signition LP bought a new stake in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,009 shares of the real estate investment trust’s stock, valued at approximately $323,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Gaming and Leisure Properties by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,948,661 shares of the real estate investment trust’s stock valued at $98,692,000 after purchasing an additional 97,125 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Gaming and Leisure Properties by 9.2% during the 1st quarter. Northern Trust Corp now owns 2,185,983 shares of the real estate investment trust’s stock valued at $73,164,000 after purchasing an additional 183,582 shares in the last quarter. HG Vora Capital Management LLC bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at about $70,287,000. Jennison Associates LLC boosted its stake in shares of Gaming and Leisure Properties by 11.5% during the 2nd quarter. Jennison Associates LLC now owns 1,815,040 shares of the real estate investment trust’s stock valued at $64,978,000 after purchasing an additional 186,953 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at about $49,376,000. 88.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on GLPI shares. Bank of America lifted their target price on shares of Gaming and Leisure Properties from $31.00 to $32.00 and gave the company an “underperform” rating in a research note on Tuesday, April 17th. Morgan Stanley lifted their target price on shares of Gaming and Leisure Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 17th. BidaskClub lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Wednesday, May 2nd. Finally, Barclays cut their target price on shares of Gaming and Leisure Properties from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, July 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Gaming and Leisure Properties presently has an average rating of “Hold” and an average price target of $38.33.

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The shares were acquired at an average price of $35.32 per share, with a total value of $105,960.00. Following the completion of the purchase, the director now directly owns 62,971 shares of the company’s stock, valued at approximately $2,224,135.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.88% of the company’s stock.

NASDAQ:GLPI opened at $34.63 on Friday. Gaming and Leisure Properties Inc has a one year low of $32.51 and a one year high of $39.32. The company has a debt-to-equity ratio of 1.89, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a market cap of $7.42 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.06 and a beta of 0.79.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.34). Gaming and Leisure Properties had a return on equity of 15.56% and a net margin of 38.54%. The business had revenue of $254.22 million for the quarter, compared to the consensus estimate of $254.40 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s revenue was up 4.4% on a year-over-year basis. research analysts anticipate that Gaming and Leisure Properties Inc will post 3.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 7.28%. The ex-dividend date is Thursday, September 6th. Gaming and Leisure Properties’s payout ratio is currently 80.00%.

Gaming and Leisure Properties Company 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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