BNP Paribas Arbitrage SA increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 18.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,317 shares of the real estate investment trust’s stock after buying an additional 16,443 shares during the period. BNP Paribas Arbitrage SA’s holdings in Gaming and Leisure Properties were worth $4,005,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc raised its position in Gaming and Leisure Properties by 7.5% in the second quarter. Legal & General Group Plc now owns 497,228 shares of the real estate investment trust’s stock valued at $18,730,000 after buying an additional 34,722 shares during the period. Shikiar Asset Management Inc. raised its position in Gaming and Leisure Properties by 36.7% in the second quarter. Shikiar Asset Management Inc. now owns 32,795 shares of the real estate investment trust’s stock valued at $1,235,000 after buying an additional 8,810 shares during the period. Bank of New York Mellon Corp raised its position in Gaming and Leisure Properties by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,269,870 shares of the real estate investment trust’s stock valued at $47,837,000 after buying an additional 55,471 shares during the period. Green Street Investors LLC bought a new position in Gaming and Leisure Properties during the second quarter valued at approximately $1,367,000. Finally, SG Americas Securities LLC raised its position in Gaming and Leisure Properties by 10.9% in the second quarter. SG Americas Securities LLC now owns 13,048 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 1,280 shares during the period. 89.27% of the stock is owned by institutional investors.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at 38.46 on Friday. Gaming and Leisure Properties, Inc. has a 12 month low of $29.32 and a 12 month high of $38.89.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. Gaming and Leisure Properties’s dividend payout ratio is 139.33%.

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Several research firms have recently commented on GLPI. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Barclays PLC upped their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Finally, Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.50.

In other news, Director Barry F. Schwartz purchased 10,000 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was bought at an average price of $36.44 per share, with a total value of $364,400.00. Following the acquisition, the director now owns 14,804 shares in the company, valued at approximately $539,457.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.88% of the company’s stock.

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.

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

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