PEAK6 Investments L.P. raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 111.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,481 shares of the real estate investment trust’s stock after purchasing an additional 70,681 shares during the quarter. PEAK6 Investments L.P.’s holdings in Gaming and Leisure Properties were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in GLPI. US Bancorp DE increased its stake in shares of Gaming and Leisure Properties by 23.5% during the second quarter. US Bancorp DE now owns 19,720 shares of the real estate investment trust’s stock valued at $742,000 after acquiring an additional 3,749 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Gaming and Leisure Properties by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 47,247 shares of the real estate investment trust’s stock valued at $1,780,000 after acquiring an additional 253 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Gaming and Leisure Properties by 19.8% during the second quarter. Janney Montgomery Scott LLC now owns 15,522 shares of the real estate investment trust’s stock valued at $585,000 after acquiring an additional 2,569 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Gaming and Leisure Properties during the second quarter valued at approximately $221,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Gaming and Leisure Properties by 13.5% during the second quarter. Daiwa Securities Group Inc. now owns 17,600 shares of the real estate investment trust’s stock valued at $663,000 after acquiring an additional 2,100 shares during the period. Institutional investors own 92.07% of the company’s stock.

In other Gaming and Leisure Properties news, Director E Scott Urdang bought 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the acquisition, the director now owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.88% of the company’s stock.

Shares of Gaming and Leisure Properties, Inc. (GLPI) opened at $36.03 on Friday. The firm has a market cap of $7,600.57, a P/E ratio of 11.33, a P/E/G ratio of 3.76 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 current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is 140.00%.

A number of research analysts recently commented 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 upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, October 31st. Ladenburg Thalmann Financial Services set a $41.00 price objective on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Monday, October 30th. SunTrust Banks reiterated a “hold” rating and set a $38.00 price objective on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Finally, Barclays raised their price objective 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Gaming and Leisure Properties has an average rating of “Hold” and a consensus price target of $39.83.

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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.

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

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