Dimensional Fund Advisors LP grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,702,347 shares of the real estate investment trust’s stock after buying an additional 91,558 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.27% of Gaming and Leisure Properties worth $101,797,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of Gaming and Leisure Properties by 75.3% during the 2nd quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,998 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at about $205,000. Penserra Capital Management LLC grew its holdings in shares of Gaming and Leisure Properties by 135.9% in the 2nd quarter. Penserra Capital Management LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 6,078 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $221,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at about $248,000. 89.33% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at 36.70 on Wednesday. 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 released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.32). Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The company had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $243.77 million. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post $1.80 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 6.87%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, September 7th. Gaming and Leisure Properties’s payout ratio is currently 141.57%.

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A number of analysts recently issued reports on GLPI shares. BidaskClub lowered Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Thursday, June 15th. Stifel Nicolaus restated a “hold” rating and issued a $39.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Barclays PLC raised their price target on 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. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.17.

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.

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

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