55,828 Shares in Gaming and Leisure Properties Inc (GLPI) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,828 shares of the real estate investment trust’s stock, valued at approximately $2,059,000.

Several other hedge funds also recently bought and sold shares of GLPI. Daiwa Securities Group Inc. lifted its stake in shares of Gaming and Leisure Properties by 26,378.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock valued at $171,912,000 after purchasing an additional 4,642,536 shares during the period. Cohen & Steers Inc. lifted its stake in shares of Gaming and Leisure Properties by 76.0% in the 3rd quarter. Cohen & Steers Inc. now owns 10,419,952 shares of the real estate investment trust’s stock valued at $384,392,000 after purchasing an additional 4,500,479 shares during the period. Capital World Investors lifted its stake in shares of Gaming and Leisure Properties by 760.4% in the 2nd quarter. Capital World Investors now owns 4,044,000 shares of the real estate investment trust’s stock valued at $152,337,000 after purchasing an additional 3,574,000 shares during the period. AJO LP acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at $126,547,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Gaming and Leisure Properties by 86.1% in the 2nd quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock valued at $191,608,000 after purchasing an additional 2,353,055 shares during the period. 92.07% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on GLPI. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks reissued a “hold” rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Finally, 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 note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Gaming and Leisure Properties currently has an average rating of “Hold” and an average price target of $39.83.

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average price of $36.23 per share, with a total value of $181,150.00. Following the purchase, the director now owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.88% of the company’s stock.

Shares of Gaming and Leisure Properties Inc (NASDAQ GLPI) opened at $36.03 on Friday. The company has a market capitalization of $7,636.71, a price-to-earnings ratio of 11.38, a P/E/G ratio of 3.77 and a beta of 0.86. Gaming and Leisure Properties Inc has a 12 month low of $29.32 and a 12 month 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.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 6.99%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is presently 140.00%.

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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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