Barclays PLC Buys 505,382 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Barclays PLC lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 129.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 896,831 shares of the real estate investment trust's stock after purchasing an additional 505,382 shares during the quarter. Barclays PLC owned 0.33% of Gaming and Leisure Properties worth $46,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in Gaming and Leisure Properties in the third quarter worth about $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Gaming and Leisure Properties by 63.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust's stock valued at $2,351,000 after acquiring an additional 20,111 shares in the last quarter. Sei Investments Co. raised its holdings in Gaming and Leisure Properties by 11.4% in the 2nd quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust's stock worth $24,395,000 after acquiring an additional 55,385 shares during the last quarter. Zacks Investment Management raised its holdings in Gaming and Leisure Properties by 10.9% in the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust's stock worth $26,867,000 after acquiring an additional 51,398 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in Gaming and Leisure Properties by 87.5% in the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust's stock valued at $741,000 after acquiring an additional 6,724 shares in the last quarter. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded up $0.49 during trading on Friday, reaching $50.09. The company had a trading volume of 1,095,965 shares, compared to its average volume of 1,299,698. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm's 50-day simple moving average is $50.49 and its 200 day simple moving average is $49.00. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). The company had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.76 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.07%. Gaming and Leisure Properties's payout ratio is currently 106.29%.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the transaction, the director now directly owns 146,800 shares in the company, valued at $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.37% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GLPI. Wells Fargo & Company restated an "equal weight" rating and issued a $52.00 price target (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. JMP Securities reissued a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Wolfe Research raised shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a report on Friday, August 23rd. Finally, StockNews.com cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and a consensus price target of $53.96.

Gaming and Leisure Properties Company 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.