Haverford Trust Co. Takes Position in Gaming and Leisure Properties (GLPI)

Haverford Trust Co. bought a new position in shares of Gaming and Leisure Properties (NASDAQ:GLPI) during the 1st quarter, Holdings Channel reports. The institutional investor bought 80,742 shares of the real estate investment trust’s stock, valued at approximately $2,702,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Gaming and Leisure Properties by 3.4% during the 4th quarter. BlackRock Inc. now owns 14,337,616 shares of the real estate investment trust’s stock valued at $530,492,000 after acquiring an additional 475,890 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Gaming and Leisure Properties by 15.0% during the 4th quarter. Renaissance Technologies LLC now owns 7,666,689 shares of the real estate investment trust’s stock valued at $283,667,000 after acquiring an additional 1,000,196 shares during the last quarter. Millennium Management LLC boosted its position in shares of Gaming and Leisure Properties by 74.2% during the 4th quarter. Millennium Management LLC now owns 4,692,928 shares of the real estate investment trust’s stock valued at $173,638,000 after acquiring an additional 1,998,988 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Gaming and Leisure Properties by 324.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,927,911 shares of the real estate investment trust’s stock valued at $108,333,000 after acquiring an additional 2,238,382 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Gaming and Leisure Properties by 0.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,456,357 shares of the real estate investment trust’s stock valued at $90,885,000 after acquiring an additional 22,361 shares during the last quarter. 88.44% of the stock is currently owned by institutional investors.

Shares of GLPI opened at $34.58 on Monday. The stock has a market capitalization of $7.38 billion, a P/E ratio of 11.07 and a beta of 0.80. Gaming and Leisure Properties has a 12-month low of $32.51 and a 12-month high of $39.32. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.69 and a current ratio of 0.69.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.31). The company had revenue of $244.05 million during the quarter, compared to analysts’ expectations of $249.20 million. Gaming and Leisure Properties had a net margin of 39.42% and a return on equity of 15.51%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. analysts expect that Gaming and Leisure Properties will post 3.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, June 14th. This represents a $2.52 dividend on an annualized basis and a yield of 7.29%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 80.00%.

Several brokerages have recently weighed in on GLPI. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, May 2nd. Bank of America reduced their price objective on shares of Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating on the stock in a report on Friday, February 9th. Stifel Nicolaus restated a “hold” rating on shares of Gaming and Leisure Properties in a report on Friday, February 9th. BidaskClub upgraded shares of Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, March 15th. Finally, Morgan Stanley reduced their price objective on shares of Gaming and Leisure Properties from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.29.

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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