UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $104.21 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 647.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,025,526 shares of the real estate investment trust’s stock after purchasing an additional 1,754,370 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Gaming and Leisure Properties were worth $104,213,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties in the second quarter worth about $3,165,000. Segall Bryant & Hamill LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter worth approximately $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Gaming and Leisure Properties by 63.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 20,111 shares during the period. Sei Investments Co. grew its holdings in Gaming and Leisure Properties by 11.4% during the second quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust’s stock valued at $24,395,000 after purchasing an additional 55,385 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Gaming and Leisure Properties by 14.0% in the second quarter. Victory Capital Management Inc. now owns 793,885 shares of the real estate investment trust’s stock valued at $35,892,000 after purchasing an additional 97,594 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock opened at $51.61 on Monday. The stock has a 50-day simple moving average of $50.59 and a 200 day simple moving average of $48.68. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

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

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced 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. This represents a $3.04 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 106.29%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Mizuho dropped their target price on shares of 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. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Friday, August 23rd. Wells Fargo & Company restated an “equal weight” rating and set a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. JMP Securities reiterated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.