Unigestion Holding SA Lowers Position in Gaming and Leisure Properties Inc (NASDAQ:GLPI)

Unigestion Holding SA reduced its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 0.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 189,700 shares of the real estate investment trust’s stock after selling 1,400 shares during the quarter. Unigestion Holding SA’s holdings in Gaming and Leisure Properties were worth $7,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its position in shares of Gaming and Leisure Properties by 2,315.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,718,537 shares of the real estate investment trust’s stock valued at $105,968,000 after purchasing an additional 2,605,967 shares during the last quarter. Cohen & Steers Inc. increased its position in shares of Gaming and Leisure Properties by 25.8% during the 2nd quarter. Cohen & Steers Inc. now owns 4,367,732 shares of the real estate investment trust’s stock valued at $170,254,000 after purchasing an additional 896,341 shares during the last quarter. Invesco Ltd. increased its position in shares of Gaming and Leisure Properties by 195.3% during the 2nd quarter. Invesco Ltd. now owns 1,232,828 shares of the real estate investment trust’s stock valued at $48,056,000 after purchasing an additional 815,302 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Gaming and Leisure Properties by 164.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 841,731 shares of the real estate investment trust’s stock valued at $32,181,000 after purchasing an additional 523,418 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at $13,924,000. 85.88% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on GLPI shares. 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. Macquarie started coverage on Gaming and Leisure Properties in a research report on Thursday, October 24th. They set an “outperform” rating and a $44.00 target price for the company. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, October 31st. Deutsche Bank set a $46.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, ValuEngine lowered Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Gaming and Leisure Properties has an average rating of “Buy” and a consensus price target of $43.67.

Shares of GLPI stock traded up $0.49 on Friday, hitting $42.02. 846,100 shares of the stock were exchanged, compared to its average volume of 1,113,493. The firm has a market capitalization of $8.87 billion, a PE ratio of 13.21, a P/E/G ratio of 1.24 and a beta of 0.52. The company has a current ratio of 3.24, a quick ratio of 4.80 and a debt-to-equity ratio of 2.82. The firm’s 50 day moving average is $39.18 and its two-hundred day moving average is $39.07. Gaming and Leisure Properties Inc has a one year low of $31.19 and a one year high of $42.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.41). The business had revenue of $287.61 million for the quarter, compared to the consensus estimate of $288.09 million. Gaming and Leisure Properties had a net margin of 27.62% and a return on equity of 14.76%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. On average, sell-side analysts expect that Gaming and Leisure Properties Inc will post 3.36 earnings per share for the current year.

In other Gaming and Leisure Properties news, SVP Matthew Demchyk purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $41.40 per share, for a total transaction of $207,000.00. Following the transaction, the senior vice president now owns 47,500 shares in the company, valued at approximately $1,966,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have bought 12,500 shares of company stock valued at $499,850. Corporate insiders own 6.05% of the company’s stock.

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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