Thrivent Financial for Lutherans Raises Holdings in Gaming and Leisure Properties Inc (GLPI)

Thrivent Financial for Lutherans raised its position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 80.2% in the fourth quarter, HoldingsChannel reports. The firm owned 55,723 shares of the real estate investment trust’s stock after buying an additional 24,800 shares during the period. Thrivent Financial for Lutherans’ holdings in Gaming and Leisure Properties were worth $1,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Segall Bryant & Hamill LLC boosted its stake in Gaming and Leisure Properties by 24.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 71,226 shares of the real estate investment trust’s stock valued at $2,301,000 after purchasing an additional 14,141 shares in the last quarter. Harris Associates L P boosted its stake in Gaming and Leisure Properties by 6.8% during the 4th quarter. Harris Associates L P now owns 3,317,187 shares of the real estate investment trust’s stock valued at $107,178,000 after purchasing an additional 209,929 shares in the last quarter. Cipher Capital LP bought a new position in Gaming and Leisure Properties during the 4th quarter valued at $2,823,000. Squarepoint Ops LLC bought a new position in Gaming and Leisure Properties during the 4th quarter valued at $1,099,000. Finally, First Foundation Advisors boosted its stake in Gaming and Leisure Properties by 34.3% during the 4th quarter. First Foundation Advisors now owns 977,726 shares of the real estate investment trust’s stock valued at $31,590,000 after purchasing an additional 249,969 shares in the last quarter. 88.23% of the stock is owned by hedge funds and other institutional investors.

NASDAQ GLPI opened at $38.75 on Tuesday. Gaming and Leisure Properties Inc has a 1-year low of $31.19 and a 1-year high of $38.83. The company has a debt-to-equity ratio of 2.58, a quick ratio of 3.60 and a current ratio of 3.60. The firm has a market capitalization of $8.32 billion, a PE ratio of 12.19, a P/E/G ratio of 1.39 and a beta of 0.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Gaming and Leisure Properties had a net margin of 32.16% and a return on equity of 14.42%. The business had revenue of $303.30 million for the quarter, compared to the consensus estimate of $306.12 million. During the same period in the prior year, the business posted $0.55 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, sell-side analysts predict that Gaming and Leisure Properties Inc will post 3.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date was Thursday, March 7th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 85.53%.

A number of equities research analysts have recently commented on the company. BidaskClub upgraded Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Monday, February 11th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $41.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $39.90.

In related news, SVP Matthew Demchyk purchased 4,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were acquired at an average cost of $36.50 per share, with a total value of $146,000.00. Following the completion of the purchase, the senior vice president now owns 37,500 shares of the company’s stock, valued at approximately $1,368,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.88% of the company’s stock.

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Gaming and Leisure Properties 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.

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

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