Uniplan Investment Counsel Inc. lessened its position in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 13.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,002,934 shares of the real estate investment trust’s stock after selling 159,622 shares during the quarter. Gaming and Leisure Properties makes up about 2.1% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 17th biggest position. Uniplan Investment Counsel Inc.’s holdings in Gaming and Leisure Properties were worth $35,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Gaming and Leisure Properties by 2.4% in the 3rd quarter. BlackRock Inc. now owns 15,037,257 shares of the real estate investment trust’s stock valued at $530,065,000 after buying an additional 354,756 shares during the last quarter. Renaissance Technologies LLC raised its position in Gaming and Leisure Properties by 14.9% in the 2nd quarter. Renaissance Technologies LLC now owns 9,056,089 shares of the real estate investment trust’s stock valued at $324,208,000 after buying an additional 1,174,600 shares during the last quarter. FMR LLC raised its position in Gaming and Leisure Properties by 20.3% in the 2nd quarter. FMR LLC now owns 5,365,666 shares of the real estate investment trust’s stock valued at $192,091,000 after buying an additional 905,752 shares during the last quarter. Millennium Management LLC raised its position in Gaming and Leisure Properties by 23.3% in the 2nd quarter. Millennium Management LLC now owns 3,084,735 shares of the real estate investment trust’s stock valued at $110,434,000 after buying an additional 582,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Gaming and Leisure Properties by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,067,409 shares of the real estate investment trust’s stock valued at $108,121,000 after buying an additional 71,176 shares during the last quarter. 87.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GLPI traded up $0.15 during trading on Tuesday, hitting $32.97. 1,060,200 shares of the company were exchanged, compared to its average volume of 1,244,193. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75. Gaming and Leisure Properties Inc has a fifty-two week low of $32.51 and a fifty-two week high of $37.29. The company has a quick ratio of 10.00, a current ratio of 10.00 and a debt-to-equity ratio of 2.31.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.26). The company had revenue of $254.14 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. As a group, analysts anticipate that Gaming and Leisure Properties Inc will post 3.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.68 per share. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.72 annualized dividend and a dividend yield of 8.25%. Gaming and Leisure Properties’s payout ratio is 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 stock was bought at an average cost of $33.72 per share, for a total transaction of $472,080.00. Following the purchase, the director now owns 76,971 shares of the company’s stock, valued at approximately $2,595,462.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Handler bought 11,000 shares of Gaming and Leisure Properties stock in a transaction dated Friday, November 9th. The shares were acquired at an average price of $33.50 per share, with a total value of $368,500.00. Following the completion of the purchase, the director now directly owns 323,461 shares in the company, valued at approximately $10,835,943.50. The disclosure for this purchase can be found here. 5.88% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on GLPI shares. SunTrust Banks reissued a “buy” rating and issued a $39.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 2nd. Deutsche Bank lifted their target price on 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 Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, October 4th. Credit Suisse Group assumed coverage on Gaming and Leisure Properties in a research report on Tuesday, August 14th. They set an “outperform” rating and a $41.00 price target on the stock. Finally, Morgan Stanley raised Gaming and Leisure Properties from an “equal” rating to a “weight” rating and set a $37.00 price target on the stock in a research report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Gaming and Leisure Properties has an average rating of “Hold” and a consensus target price of $39.50.

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Gaming and Leisure Properties Profile

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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