Gaming and Leisure Properties Inc (GLPI) Stake Decreased by Jane Street Group LLC

Jane Street Group LLC reduced its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 85.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,979 shares of the real estate investment trust’s stock after selling 48,045 shares during the period. Jane Street Group LLC’s holdings in Gaming and Leisure Properties were worth $294,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its stake in Gaming and Leisure Properties by 26,378.0% in the third quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock worth $171,912,000 after purchasing an additional 4,642,536 shares during the period. Cohen & Steers Inc. boosted its holdings in Gaming and Leisure Properties by 76.0% in the third quarter. Cohen & Steers Inc. now owns 10,419,952 shares of the real estate investment trust’s stock worth $384,392,000 after acquiring an additional 4,500,479 shares in the last quarter. Capital World Investors boosted its holdings in Gaming and Leisure Properties by 760.4% in 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 acquiring an additional 3,574,000 shares in the last quarter. AJO LP bought a new stake in Gaming and Leisure Properties in the second quarter worth $126,547,000. Finally, Renaissance Technologies LLC boosted its holdings in Gaming and Leisure Properties by 86.1% in the second quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock worth $191,608,000 after acquiring an additional 2,353,055 shares in the last quarter. 92.04% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director E Scott Urdang acquired 5,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the acquisition, the director now directly owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.88% of the stock is currently owned by company insiders.

GLPI has been the topic of a number of research analyst reports. SunTrust Banks raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Thursday. Barclays reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday, December 24th. Ladenburg Thalmann Financial Services set a $43.00 price objective on Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Tuesday, December 19th. UBS Group upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Gaming and Leisure Properties presently has a consensus rating of “Buy” and a consensus target price of $40.17.

Shares of Gaming and Leisure Properties Inc (NASDAQ GLPI) traded down $0.57 during trading on Friday, reaching $36.01. The company had a trading volume of 911,421 shares, compared to its average volume of 864,372. The company has a market capitalization of $7,777.03, a price-to-earnings ratio of 20.01 and a beta of 0.86. 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.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend was Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio is currently 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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