3,359,364 Shares in Gaming and Leisure Properties, Inc. (GLPI) Purchased by Ajo LP

Ajo LP purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,359,364 shares of the real estate investment trust’s stock, valued at approximately $126,547,000. Ajo LP owned 1.58% of Gaming and Leisure Properties at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in shares of Gaming and Leisure Properties by 1.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,767 shares of the real estate investment trust’s stock worth $594,000 after acquiring an additional 188 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Gaming and Leisure Properties by 0.7% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,109 shares of the real estate investment trust’s stock worth $1,006,000 after acquiring an additional 195 shares during the period. Commerce Bank lifted its stake in shares of Gaming and Leisure Properties by 2.2% in the 1st quarter. Commerce Bank now owns 9,100 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 200 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Gaming and Leisure Properties by 1.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 13,597 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 200 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Gaming and Leisure Properties by 1.7% in the 1st quarter. Prudential Financial Inc. now owns 11,701 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 200 shares during the period. 89.35% of the stock is owned by institutional investors.

GLPI has been the subject of a number of research analyst reports. TheStreet raised shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Thursday, June 15th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. BidaskClub lowered shares of Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $39.00 price target 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 assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.57.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) traded up 0.57% during mid-day trading on Monday, reaching $38.64. 78,311 shares of the company traded hands. The stock’s 50-day moving average price is $38.20 and its 200-day moving average price is $35.78. The firm has a market cap of $8.21 billion, a PE ratio of 21.67 and a beta of 0.89. Gaming and Leisure Properties, Inc. has a one year low of $29.32 and a one year high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.77 by $0.32. Gaming and Leisure Properties had a return on equity of 17.14% and a net margin of 38.99%. The business had revenue of $243.40 million for the quarter, compared to analyst estimates of $243.77 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. Analysts forecast that Gaming and Leisure Properties, Inc. will post $1.80 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.63 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.52 annualized dividend and a dividend yield of 6.56%. Gaming and Leisure Properties’s payout ratio is currently 141.57%.

In other Gaming and Leisure Properties news, Director Barry F. Schwartz purchased 10,000 shares of the stock in a transaction dated Friday, June 16th. The stock was bought at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the transaction, the director now directly owns 14,804 shares in the company, valued at $539,457.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.88% of the stock is owned by insiders.

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Gaming and Leisure Properties 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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