Systematic Financial Management LP reduced its position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 1.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 463,793 shares of the real estate investment trust’s stock after selling 5,773 shares during the quarter. Systematic Financial Management LP’s holdings in Gaming and Leisure Properties were worth $16,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GLPI. Royal Bank of Canada increased its position in Gaming and Leisure Properties by 84.0% during the 1st quarter. Royal Bank of Canada now owns 79,759 shares of the real estate investment trust’s stock valued at $2,670,000 after purchasing an additional 36,418 shares during the period. Allianz Asset Management GmbH increased its position in Gaming and Leisure Properties by 44.3% during the 1st quarter. Allianz Asset Management GmbH now owns 401,603 shares of the real estate investment trust’s stock valued at $13,442,000 after purchasing an additional 123,339 shares during the period. Amalgamated Bank increased its position in Gaming and Leisure Properties by 4.5% during the 2nd quarter. Amalgamated Bank now owns 41,477 shares of the real estate investment trust’s stock valued at $1,485,000 after purchasing an additional 1,779 shares during the period. Hartford Investment Management Co. purchased a new position in Gaming and Leisure Properties during the 2nd quarter valued at $320,000. Finally, Janney Montgomery Scott LLC increased its position in Gaming and Leisure Properties by 13.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 22,286 shares of the real estate investment trust’s stock valued at $798,000 after purchasing an additional 2,564 shares during the period. 87.29% of the stock is currently owned by institutional investors and hedge funds.

GLPI has been the topic of a number of research analyst reports. Deutsche Bank boosted their price objective on shares of Gaming and Leisure Properties from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, October 4th. SunTrust Banks reissued a “buy” rating and set a $39.00 price objective on shares of Gaming and Leisure Properties in a research report on Tuesday, October 2nd. ValuEngine raised shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Finally, Nomura initiated coverage on shares of Gaming and Leisure Properties in a research report on Wednesday, September 26th. They set a “neutral” rating and a $39.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.50.

NASDAQ:GLPI opened at $32.82 on Tuesday. The stock has a market capitalization of $7.17 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75. The company has a current ratio of 10.00, a quick ratio of 10.00 and a debt-to-equity ratio of 2.31. Gaming and Leisure Properties Inc has a 1-year low of $32.51 and a 1-year high of $37.29.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.26). The business had revenue of $254.14 million during the quarter, compared to analysts’ expectations of $255.55 million. Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share. On average, analysts forecast that Gaming and Leisure Properties Inc will post 3.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.68 dividend. The ex-dividend date is Thursday, December 13th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 8.29%. Gaming and Leisure Properties’s dividend payout ratio is currently 80.00%.

In other Gaming and Leisure Properties news, Director E Scott Urdang bought 14,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, November 5th. The shares were purchased at an average cost of $33.72 per share, with a total value of $472,080.00. Following the transaction, the director now directly owns 76,971 shares of the company’s stock, valued at $2,595,462.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.88% of the stock is owned by corporate insiders.

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About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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

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