Swiss National Bank Buys 3,400 Shares of Gaming and Leisure Properties, Inc. (GLPI)

Swiss National Bank increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 328,799 shares of the real estate investment trust’s stock after buying an additional 3,400 shares during the period. Swiss National Bank owned 0.15% of Gaming and Leisure Properties worth $12,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Gaming and Leisure Properties by 4,109.0% in the 1st quarter. BlackRock Inc. now owns 12,544,234 shares of the real estate investment trust’s stock worth $419,228,000 after buying an additional 12,246,199 shares during the last quarter. State Street Corp grew its stake in shares of Gaming and Leisure Properties by 27.0% in the 1st quarter. State Street Corp now owns 3,928,376 shares of the real estate investment trust’s stock worth $131,289,000 after buying an additional 835,670 shares during the last quarter. Broad Run Investment Management LLC grew its stake in shares of Gaming and Leisure Properties by 3.1% in the 1st quarter. Broad Run Investment Management LLC now owns 3,607,663 shares of the real estate investment trust’s stock worth $120,568,000 after buying an additional 107,844 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gaming and Leisure Properties by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,610,789 shares of the real estate investment trust’s stock worth $87,251,000 after buying an additional 115,108 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Gaming and Leisure Properties by 11.7% in the 1st quarter. Geode Capital Management LLC now owns 1,565,453 shares of the real estate investment trust’s stock worth $52,317,000 after buying an additional 164,139 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at 38.52 on Tuesday. 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 $38.20 and its 200 day moving average price is $35.81. The stock has a market capitalization of $8.18 billion, a P/E ratio of 21.60 and a beta of 0.89.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $243.77 million. During the same period in the prior year, the firm posted $0.39 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 17.4% compared to the same quarter last year. Analysts expect that Gaming and Leisure Properties, Inc. will post $1.80 earnings per share for the current year.

The company also recently declared 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 a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 6.54%. The ex-dividend date is Thursday, September 7th. Gaming and Leisure Properties’s payout ratio is currently 141.57%.

In other news, Director Barry F. Schwartz purchased 10,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were acquired at an average cost of $36.44 per share, with a total value of $364,400.00. Following the completion of the acquisition, the director now owns 14,804 shares of the company’s stock, valued at $539,457.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 5.88% of the stock is currently owned by insiders.

Several analysts recently weighed in on the company. TheStreet upgraded Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Stifel Nicolaus restated 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. Barclays PLC upped their price target on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Finally, BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One investment 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 company presently has an average rating of “Hold” and a consensus price target of $38.57.

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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.

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

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