Quantbot Technologies LP acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,990 shares of the real estate investment trust’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas lifted its stake in shares of Gaming and Leisure Properties by 1.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,767 shares of the real estate investment trust’s stock valued at $594,000 after buying an additional 188 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Gaming and Leisure Properties by 1.7% in the 1st quarter. Prudential Financial Inc. now owns 11,701 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 200 shares during the period. Cadence Capital Management LLC increased its stake in Gaming and Leisure Properties by 1.8% in the 1st quarter. Cadence Capital Management LLC now owns 12,735 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 224 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Gaming and Leisure Properties by 0.5% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 47,247 shares of the real estate investment trust’s stock worth $1,780,000 after buying an additional 253 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Gaming and Leisure Properties by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 62,179 shares of the real estate investment trust’s stock worth $2,327,000 after buying an additional 450 shares in the last quarter. Institutional investors own 89.33% of the company’s stock.

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Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at 36.75 on Tuesday. Gaming and Leisure Properties, Inc. has a 1-year low of $29.32 and a 1-year high of $39.32.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.63 per share. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, September 7th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.86%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 141.57%.

A number of equities research analysts have commented on the company. BidaskClub cut Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, Barclays PLC increased their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Gaming and Leisure Properties currently has a consensus rating of “Hold” and a consensus target price of $39.17.

About Gaming and Leisure Properties

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.

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

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