Cornerstone Capital Management Holdings LLC. raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 258.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 395,982 shares of the real estate investment trust’s stock after purchasing an additional 285,401 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Gaming and Leisure Properties were worth $14,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted 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. Capital World Investors boosted its stake in shares of Gaming and Leisure Properties by 760.4% during the 2nd quarter. Capital World Investors now owns 4,044,000 shares of the real estate investment trust’s stock worth $152,337,000 after acquiring an additional 3,574,000 shares in the last quarter. AJO LP purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $126,547,000. Renaissance Technologies LLC boosted its stake in shares of Gaming and Leisure Properties by 86.1% during the 2nd quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock worth $191,608,000 after acquiring an additional 2,353,055 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $40,170,000. 89.33% of the stock is currently owned by institutional investors.

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Several brokerages have recently commented on GLPI. BidaskClub raised Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Barclays PLC boosted their price target on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $39.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Gaming and Leisure Properties has a consensus rating of “Hold” and an average target price of $38.80.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ GLPI) traded down 0.63% on Friday, hitting $36.45. The company had a trading volume of 1,442,408 shares. Gaming and Leisure Properties, Inc. has a 12 month low of $29.32 and a 12 month high of $39.32.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors 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 6.91%. This is a boost 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 dividend payout ratio (DPR) is presently 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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