Jennison Associates LLC lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,669,303 shares of the real estate investment trust’s stock after buying an additional 17,602 shares during the period. Jennison Associates LLC owned approximately 0.79% of Gaming and Leisure Properties worth $61,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GLPI. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Gaming and Leisure Properties in the second quarter worth about $101,000. Advisor Group Inc. boosted its position in shares of Gaming and Leisure Properties by 75.3% in the second 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 period. First Quadrant L P CA purchased a new stake in shares of Gaming and Leisure Properties in the third quarter worth about $151,000. Penserra Capital Management LLC boosted its position in shares of Gaming and Leisure Properties by 135.9% in the second quarter. Penserra Capital Management LLC now owns 10,552 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 6,078 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of Gaming and Leisure Properties in the second quarter worth about $221,000. 91.65% of the stock is owned by institutional investors.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at $36.64 on Tuesday. The company has a market capitalization of $7,819.55, a PE ratio of 11.65, a P/E/G ratio of 3.86 and a beta of 0.86. Gaming and Leisure Properties, Inc. has a 1-year low of $29.32 and a 1-year high of $39.32. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. Gaming and Leisure Properties had a return on equity of 15.50% and a net margin of 39.68%. The firm had revenue of $244.50 million for the quarter, compared to analysts’ expectations of $243.66 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 6.88%. The ex-dividend date is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is currently 140.00%.

A number of research analysts recently commented on the company. Barclays PLC increased their price target on Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Ladenburg Thalmann Financial Services set a $41.00 price target on Gaming and Leisure Properties and gave the company a “buy” rating in a report on Monday, October 30th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. Stifel Nicolaus reissued a “hold” rating and issued a $39.00 price target on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Gaming and Leisure Properties currently has an average rating of “Hold” and an average price target of $38.86.

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In other news, Director E Scott Urdang acquired 5,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the purchase, the director now directly owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.88% of the company’s stock.

Gaming and Leisure Properties 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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