Stifel Financial Corp Buys New Holdings in Gaming and Leisure Properties Inc (GLPI)

Stifel Financial Corp bought a new position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 6,737 shares of the real estate investment trust’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $101,000. Advisor Group Inc. lifted its stake in shares of Gaming and Leisure Properties by 75.3% in the 2nd quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 1,998 shares during the period. First Quadrant L P CA acquired a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $151,000. The Manufacturers Life Insurance Company lifted its stake in shares of Gaming and Leisure Properties by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 473 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $259,000. 92.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Gaming and Leisure Properties Inc (NASDAQ GLPI) opened at $36.62 on Wednesday. Gaming and Leisure Properties Inc has a 12-month low of $30.22 and a 12-month high of $39.32. The company has a market capitalization of $7,866.32, a PE ratio of 20.34 and a beta of 0.86. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date was Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is 140.00%.

GLPI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, October 31st. UBS Group raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. Ladenburg Thalmann Financial Services set a $43.00 price objective on Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $40.17.

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

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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.

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

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