Heitman Real Estate Securities LLC Takes $23.17 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Heitman Real Estate Securities LLC bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 450,297 shares of the real estate investment trust’s stock, valued at approximately $23,168,000. Heitman Real Estate Securities LLC owned 0.16% of Gaming and Leisure Properties as of its most recent SEC filing.

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

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 146,800 shares in the company, valued at $7,397,252. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.37% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Down 0.5 %

Shares of NASDAQ:GLPI opened at $51.35 on Tuesday. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.19 and a beta of 0.98. 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 moving average price of $50.60 and a 200 day moving average price of $48.74. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate 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 return on equity of 17.31% and a net margin of 51.93%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a yield of 5.92%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 106.29%.

Analyst Ratings Changes

GLPI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Stifel Nicolaus increased their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James boosted 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 report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Finally, StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.