25,883 Shares in Gaming and Leisure Properties, Inc. (GLPI) Purchased by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,883 shares of the real estate investment trust’s stock, valued at approximately $955,000.

Several other large investors also recently modified their holdings of the company. Capital Research Global Investors increased its holdings in shares of Gaming and Leisure Properties by 2.8% in the 2nd quarter. Capital Research Global Investors now owns 14,506,957 shares of the real estate investment trust’s stock worth $546,477,000 after buying an additional 400,000 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Gaming and Leisure Properties by 8.5% in the 2nd quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock worth $512,857,000 after buying an additional 1,070,254 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Gaming and Leisure Properties by 86.1% in the 2nd quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock worth $191,608,000 after buying an additional 2,353,055 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Gaming and Leisure Properties by 26,378.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock worth $171,912,000 after buying an additional 4,642,536 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of Gaming and Leisure Properties by 760.4% in the 2nd quarter. Capital World Investors now owns 4,044,000 shares of the real estate investment trust’s stock worth $152,337,000 after buying an additional 3,574,000 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Ladenburg Thalmann Financial Services set a $41.00 target price on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a report on Monday, October 30th. SunTrust Banks reaffirmed a “hold” rating and set a $38.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Barclays increased their target price on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Gaming and Leisure Properties has an average rating of “Hold” and an average price target of $39.83.

Gaming and Leisure Properties, Inc. (NASDAQ GLPI) opened at $36.21 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. Gaming and Leisure Properties, Inc. has a twelve month low of $29.32 and a twelve month high of $39.32. The company has a market cap of $7,698.35, a price-to-earnings ratio of 11.47, a P/E/G ratio of 3.80 and a beta of 0.86.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The company had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a yield of 6.96%. Gaming and Leisure Properties’s payout ratio is currently 140.00%.

In other news, Director E Scott Urdang purchased 5,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was acquired at an average price of $36.23 per share, with a total value of $181,150.00. Following the transaction, the director now directly owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.88% of the company’s stock.

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Gaming and Leisure Properties Company Profile

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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