Thompson Siegel & Walmsley LLC Lowers Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Thompson Siegel & Walmsley LLC reduced its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 694,174 shares of the real estate investment trust’s stock after selling 94,874 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.33% of Gaming and Leisure Properties worth $25,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its position in shares of Gaming and Leisure Properties by 1.7% during the 1st quarter. Prudential Financial Inc. now owns 11,701 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 200 shares during the period. Bank of Montreal Can lifted its position in shares of Gaming and Leisure Properties by 287.7% during the 2nd quarter. Bank of Montreal Can now owns 241,622 shares of the real estate investment trust’s stock valued at $9,103,000 after acquiring an additional 179,298 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 62,179 shares of the real estate investment trust’s stock valued at $2,327,000 after acquiring an additional 450 shares during the period. Aperio Group LLC lifted its position in shares of Gaming and Leisure Properties by 33.2% during the 2nd quarter. Aperio Group LLC now owns 61,145 shares of the real estate investment trust’s stock valued at $2,303,000 after acquiring an additional 15,235 shares during the period. Finally, US Bancorp DE lifted its position in shares of Gaming and Leisure Properties by 23.5% during the 2nd quarter. US Bancorp DE now owns 19,720 shares of the real estate investment trust’s stock valued at $742,000 after acquiring an additional 3,749 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

GLPI has been the subject of a number of research analyst reports. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, October 31st. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. Ladenburg Thalmann Financial Services set a $41.00 target price on Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Barclays upped their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.83.

In related news, Director E Scott Urdang purchased 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was purchased at an average cost of $36.23 per share, with a total value of $181,150.00. Following the completion of the acquisition, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.88% of the stock is owned by company insiders.

Shares of Gaming and Leisure Properties, Inc. (GLPI) traded up $0.28 during trading hours on Thursday, reaching $36.03. The company’s stock had a trading volume of 716,770 shares, compared to its average volume of 997,047. The company has a market capitalization of $7,594.19, a price-to-earnings ratio of 11.32, a P/E/G ratio of 3.75 and a beta of 0.86. Gaming and Leisure Properties, Inc. has a 1-year low of $29.32 and a 1-year high of $39.32. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, meeting the Zacks’ 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 company had revenue of $244.50 million during the quarter, compared to the consensus estimate of $243.66 million. During the same period last year, the business posted $0.43 earnings per share. Gaming and Leisure Properties’s revenue was up 4.8% on a year-over-year basis. equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s 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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