Charles Schwab Investment Management Inc. Has $171.20 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Charles Schwab Investment Management Inc. boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,327,466 shares of the real estate investment trust’s stock after buying an additional 96,028 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Gaming and Leisure Properties were worth $171,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLPI. Jennison Associates LLC increased its holdings in shares of Gaming and Leisure Properties by 25.3% during the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after purchasing an additional 821,634 shares during the period. Price T Rowe Associates Inc. MD grew its position in Gaming and Leisure Properties by 36.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock worth $134,074,000 after buying an additional 781,906 shares in the last quarter. DigitalBridge Group Inc. bought a new position in Gaming and Leisure Properties during the 2nd quarter worth $16,936,000. Dimensional Fund Advisors LP raised its holdings in Gaming and Leisure Properties by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock valued at $185,564,000 after acquiring an additional 350,250 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Gaming and Leisure Properties by 6.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock valued at $284,726,000 after acquiring an additional 341,492 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now directly owns 108,073 shares in the company, valued at $5,621,957.46. This represents a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the transaction, the director now owns 146,800 shares of the company’s stock, valued at approximately $7,397,252. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,858 shares of company stock valued at $1,171,377 over the last 90 days. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $50.92 on Monday. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a market cap of $13.97 billion, a PE ratio of 17.80, a PEG ratio of 2.15 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The business has a 50-day simple moving average of $50.56 and a two-hundred day simple moving average of $48.46.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The firm had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. During the same period in the prior year, the company earned $0.92 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.97%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 106.29%.

Wall Street Analysts Forecast Growth

GLPI has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Raymond James increased their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Royal Bank of Canada boosted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, StockNews.com downgraded 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.96.

Gaming and Leisure Properties 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.