42,446 Shares in Gaming and Leisure Properties Inc (GLPI) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,446 shares of the real estate investment trust’s stock, valued at approximately $1,421,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Mercantile Trust Co. lifted its position in Gaming and Leisure Properties by 36.6% during the first quarter. First Mercantile Trust Co. now owns 5,600 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 1,500 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Gaming and Leisure Properties by 46.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,290 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 1,679 shares during the period. Franklin Resources Inc. raised its holdings in shares of Gaming and Leisure Properties by 30.1% in the 4th quarter. Franklin Resources Inc. now owns 9,198 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 2,126 shares during the period. SG Americas Securities LLC raised its holdings in shares of Gaming and Leisure Properties by 8.9% in the 1st quarter. SG Americas Securities LLC now owns 27,227 shares of the real estate investment trust’s stock worth $911,000 after purchasing an additional 2,223 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Gaming and Leisure Properties by 6.2% in the 4th quarter. Amalgamated Bank now owns 39,073 shares of the real estate investment trust’s stock worth $1,446,000 after purchasing an additional 2,279 shares during the period. Hedge funds and other institutional investors own 88.87% of the company’s stock.

GLPI stock opened at $35.48 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.82. Gaming and Leisure Properties Inc has a 1 year low of $32.51 and a 1 year high of $39.32. The stock has a market capitalization of $7.73 billion, a PE ratio of 11.59 and a beta of 0.80.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.10%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 80.00%.

In related news, Director E Scott Urdang bought 3,000 shares of the stock in a transaction dated Friday, June 8th. The stock was acquired at an average price of $35.32 per share, for a total transaction of $105,960.00. Following the completion of the purchase, the director now owns 62,971 shares in the company, valued at $2,224,135.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.88% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on GLPI shares. Bank of America raised their price objective on Gaming and Leisure Properties from $31.00 to $32.00 and gave the stock an “underperform” rating in a report on Tuesday, April 17th. Morgan Stanley raised their price objective on Gaming and Leisure Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 17th. BidaskClub downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. Zacks Investment Research upgraded Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. Finally, ValuEngine downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.29.

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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