Penserra Capital Management LLC Has $1.41 Million Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Penserra Capital Management LLC grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 23.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,388 shares of the real estate investment trust’s stock after purchasing an additional 5,115 shares during the period. Penserra Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $1,409,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its stake in shares of Gaming and Leisure Properties by 4.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 10,286 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 470 shares during the period. California State Teachers Retirement System raised its holdings in Gaming and Leisure Properties by 1.7% in the 1st quarter. California State Teachers Retirement System now owns 409,511 shares of the real estate investment trust’s stock valued at $18,866,000 after acquiring an additional 6,810 shares in the last quarter. Burney Co. lifted its position in shares of Gaming and Leisure Properties by 192.7% during the 1st quarter. Burney Co. now owns 141,644 shares of the real estate investment trust’s stock valued at $6,526,000 after acquiring an additional 93,252 shares during the period. Cetera Investment Advisers grew its holdings in shares of Gaming and Leisure Properties by 52.8% during the 1st quarter. Cetera Investment Advisers now owns 54,504 shares of the real estate investment trust’s stock worth $2,511,000 after purchasing an additional 18,837 shares in the last quarter. Finally, Soltis Investment Advisors LLC increased its position in shares of Gaming and Leisure Properties by 1.3% in the first quarter. Soltis Investment Advisors LLC now owns 66,840 shares of the real estate investment trust’s stock worth $3,079,000 after purchasing an additional 844 shares during the period. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Down 0.2 %

Shares of NASDAQ GLPI opened at $51.17 on Wednesday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The firm has a market cap of $14.04 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. The company has a 50 day simple moving average of $50.56 and a 200 day simple moving average of $48.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. Gaming and Leisure Properties’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.76 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 5.94%. Gaming and Leisure Properties’s payout ratio is 106.29%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the sale, the director now directly owns 146,800 shares in the company, valued at $7,397,252. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of Gaming and Leisure Properties stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the transaction, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at $5,621,957.46. This represents a 10.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,858 shares of company stock worth $1,171,377 over the last ninety days. 4.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GLPI shares. Stifel Nicolaus increased their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Mizuho reduced their target price on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.32.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.