Bamco Inc. NY Cuts Holdings in Gaming and Leisure Properties Inc (GLPI)

Bamco Inc. NY lowered its position in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,421,845 shares of the real estate investment trust’s stock after selling 135,859 shares during the quarter. Gaming and Leisure Properties comprises about 1.8% of Bamco Inc. NY’s portfolio, making the stock its 10th largest position. Bamco Inc. NY owned 4.90% of Gaming and Leisure Properties worth $384,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth about $101,000. Advisor Group Inc. increased its position in Gaming and Leisure Properties by 75.3% during the 2nd quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 1,998 shares during the period. First Quadrant L P CA purchased a new position in Gaming and Leisure Properties during the 3rd quarter valued at about $151,000. Penserra Capital Management LLC increased its position in Gaming and Leisure Properties by 135.9% during the 2nd quarter. Penserra Capital Management LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 6,078 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $221,000. 92.04% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director E Scott Urdang purchased 5,000 shares of the stock in a transaction dated Monday, October 30th. The shares were purchased at an average price of $36.23 per share, with a total value of $181,150.00. Following the transaction, the director now 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. Insiders own 5.88% of the company’s stock.

Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) traded down $0.38 on Tuesday, reaching $36.62. 791,200 shares of the company’s stock traded hands, compared to its average volume of 737,950. Gaming and Leisure Properties Inc has a 52 week low of $30.22 and a 52 week high of $39.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $7,866.32, a PE ratio of 20.34 and a beta of 0.86.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $244.50 million for the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. sell-side analysts predict that Gaming and Leisure Properties Inc will post 3.09 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 6.88%. Gaming and Leisure Properties’s payout ratio is 140.00%.

A number of analysts have recently weighed in on GLPI shares. Zacks Investment Research upgraded 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 report on Tuesday, October 31st. Ladenburg Thalmann Financial Services set a $41.00 target price on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research note on Monday, October 30th. SunTrust Banks reiterated a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. UBS Group raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Sunday, December 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $40.17.

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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.

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

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