KBC Group NV lessened its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 95.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,197 shares of the real estate investment trust’s stock after selling 86,913 shares during the quarter. KBC Group NV’s holdings in Gaming and Leisure Properties were worth $158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. BlackRock Inc. raised its stake in shares of Gaming and Leisure Properties by 4,109.0% during the 1st quarter. BlackRock Inc. now owns 12,544,234 shares of the real estate investment trust’s stock worth $419,228,000 after acquiring an additional 12,246,199 shares in the last quarter. State Street Corp increased its stake in Gaming and Leisure Properties by 27.0% during the 1st quarter. State Street Corp now owns 3,928,376 shares of the real estate investment trust’s stock valued at $131,289,000 after purchasing an additional 835,670 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in Gaming and Leisure Properties during the 1st quarter valued at approximately $12,521,000. Systematic Financial Management LP acquired a new position in Gaming and Leisure Properties during the 1st quarter valued at approximately $11,535,000. Finally, American Century Companies Inc. increased its stake in Gaming and Leisure Properties by 2,080.8% during the 1st quarter. American Century Companies Inc. now owns 290,855 shares of the real estate investment trust’s stock valued at $9,720,000 after purchasing an additional 277,518 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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In related news, Director Barry F. Schwartz acquired 10,000 shares of Gaming and Leisure Properties stock in a transaction dated Friday, June 16th. The stock was acquired at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the transaction, the director now owns 14,804 shares of the company’s stock, valued at $539,457.76. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.88% of the stock is currently owned by insiders.

A number of research analysts have issued reports on GLPI shares. BidaskClub upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. TheStreet upgraded shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, Barclays PLC upped their price target on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.57.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at 38.52 on Tuesday. The firm’s 50-day moving average is $38.20 and its 200-day moving average is $35.81. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $39.32. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 21.60 and a beta of 0.89.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.32. The company had revenue of $243.40 million for the quarter, compared to analysts’ expectations of $243.77 million. Gaming and Leisure Properties had a return on equity of 17.14% and a net margin of 38.99%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post $1.80 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Thursday, September 7th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. Gaming and Leisure Properties’s payout ratio is currently 141.57%.

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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