Cornerstone Capital Management Holdings LLC. lessened its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 25.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,569 shares of the real estate investment trust’s stock after selling 99,413 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.14% of Gaming and Leisure Properties worth $10,939,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. raised its position in shares of Gaming and Leisure Properties by 26,378.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock worth $171,912,000 after purchasing an additional 4,642,536 shares during the last quarter. Cohen & Steers Inc. raised its position in Gaming and Leisure Properties by 76.0% in the 3rd quarter. Cohen & Steers Inc. now owns 10,419,952 shares of the real estate investment trust’s stock worth $384,392,000 after buying an additional 4,500,479 shares during the last quarter. Capital World Investors raised its position in Gaming and Leisure Properties by 760.4% in 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 buying an additional 3,574,000 shares during the last quarter. AJO LP purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth about $126,547,000. Finally, Renaissance Technologies LLC raised its position in Gaming and Leisure Properties by 86.1% in 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 buying an additional 2,353,055 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

In related news, Director E Scott Urdang acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the purchase, the director now owns 55,241 shares in the company, valued at approximately $2,001,381.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.88% of the company’s stock.

Shares of Gaming and Leisure Properties, Inc. (GLPI) opened at $36.33 on Tuesday. The company has a market cap of $7,698.37, a PE ratio of 11.47, a PEG ratio of 3.80 and a beta of 0.86. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. Gaming and Leisure Properties, Inc. has a 52-week low of $29.32 and a 52-week high of $39.32.

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 Zacks’ consensus estimate of $0.45. The company had revenue of $244.50 million during the quarter, compared to the consensus estimate of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.94%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 140.00%.

GLPI has been the subject of a number of recent analyst reports. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, October 31st. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. SunTrust Banks reissued a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Ladenburg Thalmann Financial Services set a $41.00 price target on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Barclays upped their price target on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price 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.

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

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