Zurcher Kantonalbank Zurich Cantonalbank Has $6.68 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,754 shares of the real estate investment trust’s stock after acquiring an additional 5,744 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Gaming and Leisure Properties were worth $6,676,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Performance

GLPI opened at $51.61 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The firm has a market cap of $14.16 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The business’s fifty day moving average is $50.59 and its 200-day moving average is $48.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The firm 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%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 5.89%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GLPI. StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Wolfe Research raised shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, August 23rd. Raymond James boosted their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Mizuho lowered their target price on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Finally, JMP Securities reissued 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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.