Gaming and Leisure Properties, Inc. (GLPI) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lessened its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 52.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,633 shares of the real estate investment trust’s stock after selling 262,887 shares during the quarter. Systematic Financial Management LP owned about 0.11% of Gaming and Leisure Properties worth $8,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in shares of Gaming and Leisure Properties by 3.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 23,540 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 731 shares during the period. Delta Lloyd Asset Management N.V. purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $2,181,000. Bank of New York Mellon Corp boosted its holdings in shares of Gaming and Leisure Properties by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,269,870 shares of the real estate investment trust’s stock worth $47,837,000 after purchasing an additional 55,471 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Gaming and Leisure Properties by 11.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock worth $26,513,000 after purchasing an additional 73,869 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Gaming and Leisure Properties by 5.6% in the 2nd quarter. Pacer Advisors Inc. now owns 29,176 shares of the real estate investment trust’s stock worth $1,099,000 after purchasing an additional 1,542 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Shares of Gaming and Leisure Properties, Inc. (GLPI) traded down $0.01 during trading on Thursday, hitting $36.03. The stock had a trading volume of 930,200 shares, compared to its average volume of 986,348. Gaming and Leisure Properties, Inc. has a 12-month low of $29.32 and a 12-month high of $39.32. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. The stock has a market cap of $7,660.00, a PE ratio of 11.42, a price-to-earnings-growth ratio of 3.79 and a beta of 0.58.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The company had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. During the same quarter in the previous year, the business earned $0.43 EPS. Gaming and Leisure Properties’s revenue was up 4.8% compared to the same quarter last year. equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is currently 140.00%.

GLPI has been the subject of a number of recent research reports. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, October 31st. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $39.00 target price on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Gaming and Leisure Properties currently has an average rating of “Hold” and an average price target of $39.83.

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the acquisition, the director now directly owns 55,241 shares in the company, valued at $2,001,381.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.88% of the stock is owned by insiders.

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Gaming and Leisure Properties 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)

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