Marshall Wace LLP Has $70.13 Million Position in Gaming and Leisure Properties Inc (GLPI)

Marshall Wace LLP lifted its stake in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 356.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,989,462 shares of the real estate investment trust’s stock after buying an additional 1,553,298 shares during the period. Gaming and Leisure Properties makes up about 0.6% of Marshall Wace LLP’s portfolio, making the stock its 24th largest position. Marshall Wace LLP’s holdings in Gaming and Leisure Properties were worth $70,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in GLPI. Vanguard Group Inc. boosted its position in shares of Gaming and Leisure Properties by 9.1% during the third quarter. Vanguard Group Inc. now owns 30,677,165 shares of the real estate investment trust’s stock valued at $1,081,370,000 after buying an additional 2,553,357 shares during the last quarter. American Century Companies Inc. boosted its position in Gaming and Leisure Properties by 162.3% in the third quarter. American Century Companies Inc. now owns 2,010,251 shares of the real estate investment trust’s stock worth $70,861,000 after purchasing an additional 1,243,827 shares during the last quarter. Renaissance Technologies LLC boosted its position in Gaming and Leisure Properties by 14.9% in the second quarter. Renaissance Technologies LLC now owns 9,056,089 shares of the real estate investment trust’s stock worth $324,208,000 after purchasing an additional 1,174,600 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Gaming and Leisure Properties by 145.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,639,671 shares of the real estate investment trust’s stock worth $57,799,000 after purchasing an additional 972,400 shares during the last quarter. Finally, FMR LLC boosted its position in Gaming and Leisure Properties by 20.3% in the second quarter. FMR LLC now owns 5,365,666 shares of the real estate investment trust’s stock worth $192,091,000 after purchasing an additional 905,752 shares during the last quarter. 87.09% of the stock is currently owned by institutional investors.

Shares of NASDAQ GLPI traded up $0.83 during trading on Thursday, reaching $34.88. 2,256,700 shares of the stock traded hands, compared to its average volume of 1,259,766. Gaming and Leisure Properties Inc has a 52-week low of $32.51 and a 52-week high of $37.29. The company has a debt-to-equity ratio of 2.31, a current ratio of 10.00 and a quick ratio of 10.00. The stock has a market capitalization of $7.29 billion, a PE ratio of 11.07, a P/E/G ratio of 1.26 and a beta of 0.76.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.26). Gaming and Leisure Properties had a net margin of 38.95% and a return on equity of 16.10%. The firm had revenue of $254.14 million for the quarter, compared to analysts’ expectations of $255.55 million. During the same period in the prior year, the company earned $0.45 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Gaming and Leisure Properties Inc will post 3.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. Gaming and Leisure Properties’s dividend payout ratio is currently 80.00%.

In related news, Director Joseph W. Marshall III acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average cost of $33.33 per share, for a total transaction of $33,330.00. Following the purchase, the director now owns 27,081 shares in the company, valued at approximately $902,609.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Scott Urdang acquired 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were bought at an average price of $33.72 per share, for a total transaction of $472,080.00. Following the completion of the purchase, the director now owns 76,971 shares in the company, valued at approximately $2,595,462.12. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 26,000 shares of company stock worth $873,910. 5.88% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the company. BidaskClub raised Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 21st. Barclays boosted their price objective on Gaming and Leisure Properties from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 19th. Jefferies Financial Group cut their price objective on Gaming and Leisure Properties from $41.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, November 16th. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, October 4th. Finally, SunTrust Banks reissued a “buy” rating and issued a $39.00 price objective on shares of Gaming and Leisure Properties in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.55.

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About Gaming and Leisure Properties

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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