Profund Advisors LLC Purchases New Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Profund Advisors LLC purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,711 shares of the real estate investment trust’s stock, valued at approximately $358,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLPI. Principal Financial Group Inc. raised its stake in shares of Gaming and Leisure Properties by 15.3% during the first quarter. Principal Financial Group Inc. now owns 14,943 shares of the real estate investment trust’s stock valued at $634,000 after purchasing an additional 1,979 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Gaming and Leisure Properties by 22.3% during the first quarter. Teacher Retirement System of Texas now owns 23,699 shares of the real estate investment trust’s stock valued at $1,006,000 after purchasing an additional 4,318 shares during the period. UBS Group AG raised its stake in shares of Gaming and Leisure Properties by 44.0% during the first quarter. UBS Group AG now owns 146,681 shares of the real estate investment trust’s stock valued at $6,224,000 after purchasing an additional 44,811 shares during the period. Sei Investments Co. raised its stake in shares of Gaming and Leisure Properties by 41.2% during the first quarter. Sei Investments Co. now owns 224,217 shares of the real estate investment trust’s stock valued at $9,527,000 after purchasing an additional 65,379 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of Gaming and Leisure Properties by 896.8% during the first quarter. Panagora Asset Management Inc. now owns 100,878 shares of the real estate investment trust’s stock valued at $4,280,000 after purchasing an additional 90,758 shares during the period. Institutional investors own 88.06% of the company’s stock.

A number of research firms have recently issued reports on GLPI. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, October 6th. UBS Group upgraded shares of Gaming and Leisure Properties from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $42.00 to $54.00 in a research note on Wednesday, August 4th. Morgan Stanley lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 4th. Mizuho lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, August 5th. Finally, Capital One Financial started coverage on shares of Gaming and Leisure Properties in a research note on Thursday, September 2nd. They issued an “overweight” rating and a $54.00 price target for the company. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has an average rating of “Buy” and an average price target of $50.67.

In other news, EVP Brandon John Moore sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $50.02, for a total transaction of $500,200.00. Following the completion of the transaction, the executive vice president now owns 156,502 shares of the company’s stock, valued at $7,828,230.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.53% of the company’s stock.

Gaming and Leisure Properties stock opened at $48.53 on Thursday. The company has a market cap of $11.37 billion, a PE ratio of 19.81, a P/E/G ratio of 4.11 and a beta of 1.01. The company has a fifty day moving average price of $48.22 and a two-hundred day moving average price of $46.82. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.92 and a quick ratio of 1.92. Gaming and Leisure Properties, Inc. has a 12 month low of $36.18 and a 12 month high of $51.46.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Gaming and Leisure Properties had a net margin of 45.79% and a return on equity of 21.96%. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 24th. Stockholders of record on Friday, September 10th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend was Thursday, September 9th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 77.68%.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. It operates through the GLP Capital and TRS Properties segments. The GLP Capital segment consists of the leased real property and represents the majority of business.

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

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