Teachers Advisors LLC Has $48.33 Million Holdings in Gaming and Leisure Properties, Inc. (GLPI)

Teachers Advisors LLC boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 21.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,283,072 shares of the real estate investment trust’s stock after acquiring an additional 225,040 shares during the quarter. Teachers Advisors LLC owned about 0.60% of Gaming and Leisure Properties worth $48,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Penserra Capital Management LLC increased its stake in Gaming and Leisure Properties by 99.2% during the first quarter. Penserra Capital Management LLC now owns 4,474 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 2,228 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Gaming and Leisure Properties during the second quarter worth approximately $221,000. Vident Investment Advisory LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth approximately $201,000. Neuberger Berman Group LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth approximately $205,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Gaming and Leisure Properties during the second quarter worth approximately $259,000. 89.35% of the stock is currently owned by institutional investors.

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Several equities research analysts have weighed in on GLPI shares. TheStreet raised Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Ladenburg Thalmann Financial Services started coverage on Gaming and Leisure Properties in a research note on Friday, June 2nd. They set a “buy” rating and a $41.00 price objective on the stock. BidaskClub cut Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $39.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $38.57.

Shares of Gaming and Leisure Properties, Inc. (GLPI) opened at 37.62 on Friday. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $39.32. The firm’s 50-day moving average price is $38.17 and its 200 day moving average price is $35.94. The company has a market capitalization of $7.99 billion, a PE ratio of 21.10 and a beta of 0.89.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.32). The business had revenue of $243.40 million during the quarter, compared to analyst estimates of $243.77 million. Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. Equities analysts predict that Gaming and Leisure Properties, Inc. will post $1.80 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.63 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, September 7th. This represents a $2.52 dividend on an annualized basis and a yield of 6.70%. Gaming and Leisure Properties’s dividend payout ratio is presently 141.57%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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