Gaming and Leisure Properties, Inc. (GLPI) Stake Lifted by Goodnow Investment Group LLC

Goodnow Investment Group LLC grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 706,915 shares of the real estate investment trust’s stock after buying an additional 5,100 shares during the quarter. Gaming and Leisure Properties accounts for approximately 5.4% of Goodnow Investment Group LLC’s portfolio, making the stock its 8th largest holding. Goodnow Investment Group LLC owned about 0.33% of Gaming and Leisure Properties worth $26,078,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in shares of Gaming and Leisure Properties by 2.8% during the second quarter. Capital Research Global Investors now owns 14,506,957 shares of the real estate investment trust’s stock valued at $546,477,000 after buying an additional 400,000 shares during the last quarter. BlackRock Inc. grew its stake in shares of Gaming and Leisure Properties by 8.5% in the second quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock worth $512,857,000 after purchasing an additional 1,070,254 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Gaming and Leisure Properties by 86.1% in the second quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock worth $191,608,000 after purchasing an additional 2,353,055 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Gaming and Leisure Properties by 26,378.0% in the third quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock worth $171,912,000 after purchasing an additional 4,642,536 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Gaming and Leisure Properties by 760.4% in the second quarter. Capital World Investors now owns 4,044,000 shares of the real estate investment trust’s stock worth $152,337,000 after purchasing an additional 3,574,000 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director E Scott Urdang acquired 5,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were acquired at an average cost of $36.23 per share, with a total value of $181,150.00. Following the transaction, the director now owns 55,241 shares in the company, valued at approximately $2,001,381.43. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.88% of the company’s stock.

Several research firms recently issued reports on GLPI. Ladenburg Thalmann Financial Services set a $41.00 target price on Gaming and Leisure Properties and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks reissued a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Barclays raised 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. Finally, BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.83.

Shares of Gaming and Leisure Properties, Inc. (GLPI) opened at $35.75 on Thursday. 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 firm has a market capitalization of $7,594.19, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 3.75 and a beta of 0.86. Gaming and Leisure Properties, Inc. has a 12-month low of $29.32 and a 12-month high of $39.32.

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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $244.50 million for the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a yield of 7.05%. Gaming and Leisure Properties’s payout ratio is 140.00%.

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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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