Gaming and Leisure Properties Inc (NASDAQ:GLPI) Shares Bought by Eii Capital Management Inc.

Eii Capital Management Inc. raised its holdings in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,554 shares of the real estate investment trust’s stock after purchasing an additional 885 shares during the period. Eii Capital Management Inc.’s holdings in Gaming and Leisure Properties were worth $1,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GLPI. Advisory Services Network LLC grew its stake in Gaming and Leisure Properties by 175.9% during the 1st quarter. Advisory Services Network LLC now owns 5,407 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 3,447 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Gaming and Leisure Properties during the 1st quarter worth $906,000. Aureus Asset Management LLC lifted its holdings in Gaming and Leisure Properties by 5.5% during the 1st quarter. Aureus Asset Management LLC now owns 28,660 shares of the real estate investment trust’s stock worth $1,105,000 after buying an additional 1,500 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new stake in Gaming and Leisure Properties during the 1st quarter worth about $703,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Gaming and Leisure Properties by 6.5% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 6,771 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 412 shares during the last quarter. 89.87% of the stock is currently owned by institutional investors.

Shares of Gaming and Leisure Properties stock traded up $0.01 on Tuesday, hitting $37.66. The stock had a trading volume of 1,475,720 shares, compared to its average volume of 1,186,046. Gaming and Leisure Properties Inc has a 52-week low of $31.19 and a 52-week high of $40.82. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 2.72. The firm has a market cap of $8.08 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.23 and a beta of 0.54. The business has a 50 day moving average price of $39.45.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 7.22%. The ex-dividend date was Thursday, June 13th. Gaming and Leisure Properties’s payout ratio is currently 85.53%.

A number of analysts have issued reports on the company. Stifel Nicolaus assumed coverage on SkyWest in a report on Monday, April 15th. They set a “buy” rating and a $68.00 price target for the company. Deutsche Bank reaffirmed a “buy” rating and set a $31.00 price target on shares of PlayAGS in a report on Sunday, May 12th. Morgan Stanley lifted their price target on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an “equal weight” rating in a report on Tuesday, June 11th. BidaskClub downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Gaming and Leisure Properties presently has an average rating of “Buy” and a consensus price target of $42.80.

About Gaming and Leisure Properties

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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