Teachers Insurance & Annuity Association of America Sells 15,517 Shares of Gaming and Leisure Properties, Inc. (GLPI)

Teachers Insurance & Annuity Association of America trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351,075 shares of the real estate investment trust’s stock after selling 15,517 shares during the period. Teachers Insurance & Annuity Association of America owned 0.17% of Gaming and Leisure Properties worth $13,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLPI. Investec Asset Management LTD grew its stake in Gaming and Leisure Properties by 19.2% during the 2nd quarter. Investec Asset Management LTD now owns 1,387,054 shares of the real estate investment trust’s stock worth $52,250,000 after buying an additional 223,569 shares during the last quarter. Investec Asset Management North America Inc. grew its stake in Gaming and Leisure Properties by 43.0% during the 2nd quarter. Investec Asset Management North America Inc. now owns 33,892 shares of the real estate investment trust’s stock worth $1,277,000 after buying an additional 10,188 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Gaming and Leisure Properties by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 56,200 shares of the real estate investment trust’s stock worth $2,117,000 after buying an additional 1,500 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Gaming and Leisure Properties by 9.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 20,363 shares of the real estate investment trust’s stock worth $766,000 after buying an additional 1,688 shares during the last quarter. Finally, Profund Advisors LLC grew its stake in Gaming and Leisure Properties by 25.9% during the 2nd quarter. Profund Advisors LLC now owns 9,673 shares of the real estate investment trust’s stock worth $364,000 after buying an additional 1,988 shares during the last quarter. 89.33% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the company. BidaskClub upgraded Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Barclays PLC boosted their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $39.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.57.

Gaming and Leisure Properties, Inc. (NASDAQ GLPI) traded up 0.2068% during mid-day trading on Monday, reaching $37.6978. The company’s stock had a trading volume of 138,154 shares. Gaming and Leisure Properties, Inc. has a one year low of $29.32 and a one year high of $39.32. The stock’s 50 day moving average is $38.17 and its 200 day moving average is $35.94. The firm has a market cap of $8.01 billion, a PE ratio of 21.1429 and a beta of 0.89.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.32). The firm had revenue of $243.40 million for the quarter, compared to analysts’ expectations of $243.77 million. Gaming and Leisure Properties had a return on equity of 17.14% and a net margin of 38.99%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post $1.80 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.70%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 141.57%.

TRADEMARK VIOLATION NOTICE: This news story was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/09/18/teachers-insurance-annuity-association-of-america-sells-15517-shares-of-gaming-and-leisure-properties-inc-glpi.html.

Gaming and Leisure Properties Company 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)

Receive News & Ratings for Gaming and Leisure Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply