WINTON GROUP Ltd raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 183.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 75,419 shares of the real estate investment trust’s stock after purchasing an additional 48,819 shares during the quarter. WINTON GROUP Ltd’s holdings in Gaming and Leisure Properties were worth $3,370,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLPI. First Trust Advisors LP increased its position in Gaming and Leisure Properties by 78.7% during the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock valued at $13,255,000 after purchasing an additional 125,098 shares during the period. Cerity Partners LLC boosted its holdings in shares of Gaming and Leisure Properties by 18.6% during the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 1,608 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Gaming and Leisure Properties by 16.6% during the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after buying an additional 2,646 shares in the last quarter. AXA S.A. boosted its holdings in shares of Gaming and Leisure Properties by 478.5% during the 2nd quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after buying an additional 32,708 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Gaming and Leisure Properties by 276.2% during the 2nd quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock worth $3,289,000 after buying an additional 51,731 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.
Gaming and Leisure Properties Stock Performance
NASDAQ GLPI opened at $47.17 on Monday. The company has a fifty day simple moving average of $46.76 and a 200 day simple moving average of $45.93. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The company has a market cap of $13.37 billion, a P/E ratio of 14.97, a PEG ratio of 2.04 and a beta of 0.66.
Gaming and Leisure Properties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, June 12th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is 99.05%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Barclays increased their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Mizuho increased their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Scotiabank increased their price target on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada increased their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.89.
Read Our Latest Stock Analysis on Gaming and Leisure Properties
Gaming and Leisure Properties Company Profile
Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.
The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.
Featured Stories
- Five stocks we like better than Gaming and Leisure Properties
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report).
Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter.
