A.R.T. Advisors LLC Sells 12,900 Shares of Gaming and Leisure Properties Inc (GLPI)

A.R.T. Advisors LLC decreased its stake in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 13.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,200 shares of the real estate investment trust’s stock after selling 12,900 shares during the period. A.R.T. Advisors LLC’s holdings in Gaming and Leisure Properties were worth $2,751,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in GLPI. Aperio Group LLC increased its position in Gaming and Leisure Properties by 20.7% during the fourth quarter. Aperio Group LLC now owns 86,213 shares of the real estate investment trust’s stock worth $3,190,000 after buying an additional 14,801 shares in the last quarter. US Bancorp DE increased its position in Gaming and Leisure Properties by 40.0% during the fourth quarter. US Bancorp DE now owns 31,196 shares of the real estate investment trust’s stock worth $1,155,000 after buying an additional 8,914 shares in the last quarter. Teacher Retirement System of Texas increased its position in Gaming and Leisure Properties by 325.7% during the fourth quarter. Teacher Retirement System of Texas now owns 69,464 shares of the real estate investment trust’s stock worth $2,570,000 after buying an additional 53,147 shares in the last quarter. California Public Employees Retirement System increased its position in Gaming and Leisure Properties by 6.7% during the fourth quarter. California Public Employees Retirement System now owns 544,202 shares of the real estate investment trust’s stock worth $20,135,000 after buying an additional 34,284 shares in the last quarter. Finally, Swiss National Bank increased its position in Gaming and Leisure Properties by 3.9% during the fourth quarter. Swiss National Bank now owns 343,799 shares of the real estate investment trust’s stock worth $12,721,000 after buying an additional 13,000 shares in the last quarter. 89.01% of the stock is owned by institutional investors.

In other news, Director E Scott Urdang bought 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, June 8th. The shares were purchased at an average price of $35.32 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director now owns 62,971 shares of the company’s stock, valued at $2,224,135.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.88% of the stock is currently owned by company insiders.

Several research firms have weighed in on GLPI. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, May 2nd. ValuEngine downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. BidaskClub raised Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 15th. Morgan Stanley raised their price target on Gaming and Leisure Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 17th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.29.

Shares of Gaming and Leisure Properties stock opened at $35.16 on Friday. Gaming and Leisure Properties Inc has a twelve month low of $32.51 and a twelve month high of $39.32. The firm has a market capitalization of $7.52 billion, a P/E ratio of 11.16 and a beta of 0.80. 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 earnings results on Wednesday, April 25th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $244.05 million during the quarter, compared to analyst estimates of $249.20 million. During the same quarter in the previous year, the business posted $0.45 EPS. Gaming and Leisure Properties’s revenue was up .6% compared to the same quarter last year. equities research analysts predict that Gaming and Leisure Properties Inc will post 3.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date is Thursday, June 14th. Gaming and Leisure Properties’s payout ratio is currently 80.00%.

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.

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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