State Board of Administration of Florida Retirement System raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 237,296 shares of the real estate investment trust’s stock after acquiring an additional 6,900 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.11% of Gaming and Leisure Properties worth $8,754,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new stake in Gaming and Leisure Properties in the second quarter worth about $101,000. First Quadrant L P CA purchased a new stake in Gaming and Leisure Properties in the third quarter worth about $151,000. Advisor Group Inc. increased its position in Gaming and Leisure Properties by 75.3% in the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,998 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Gaming and Leisure Properties in the second quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company increased its position in Gaming and Leisure Properties by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 473 shares in the last quarter. 91.65% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on GLPI. Barclays PLC increased their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. 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 report on Monday, October 30th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Stifel Nicolaus reiterated a “hold” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Finally, Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Gaming and Leisure Properties presently has a consensus rating of “Hold” and an average price target of $38.86.

In related news, Director E Scott Urdang acquired 5,000 shares of the stock in a transaction dated 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 purchase, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.88% of the stock is owned by company insiders.

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Shares of Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at $36.78 on Monday. The stock has a market capitalization of $7,819.55, a P/E ratio of 11.65, a PEG ratio of 3.86 and a beta of 0.86. Gaming and Leisure Properties, Inc. has a one year low of $29.32 and a one year high of $39.32. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78.

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 consensus estimate of $0.45. The business had revenue of $244.50 million during the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS. sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is 140.00%.

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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