Duff & Phelps Investment Management Co. Raises Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Duff & Phelps Investment Management Co. raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 56.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 722,120 shares of the real estate investment trust's stock after buying an additional 259,320 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.26% of Gaming and Leisure Properties worth $37,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GLPI. EP Wealth Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 0.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust's stock worth $1,537,000 after buying an additional 220 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of Gaming and Leisure Properties by 0.3% in the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust's stock valued at $4,103,000 after purchasing an additional 257 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust's stock worth $280,000 after purchasing an additional 262 shares during the period. CIBC Asset Management Inc increased its position in shares of Gaming and Leisure Properties by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust's stock worth $409,000 after purchasing an additional 278 shares during the last quarter. Finally, Marshall Financial Group LLC increased its position in shares of Gaming and Leisure Properties by 1.4% during the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust's stock worth $1,076,000 after purchasing an additional 289 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the sale, the director now owns 146,800 shares of the company's stock, valued at approximately $7,397,252. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Stock Down 0.7 %

Gaming and Leisure Properties stock traded down $0.34 during trading on Monday, reaching $50.09. The stock had a trading volume of 807,589 shares, compared to its average volume of 1,303,328. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The stock has a market cap of $13.74 billion, a PE ratio of 17.63, a P/E/G ratio of 2.14 and a beta of 0.98. The business has a 50 day moving average price of $50.62 and a 200 day moving average price of $48.88.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. On average, analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GLPI shares. Wolfe Research raised shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 target price for the company in a research note on Friday, August 23rd. StockNews.com downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Raymond James upped their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a research note on Thursday, November 14th. Finally, Stifel Nicolaus boosted their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a report on Tuesday, November 26th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and an average target price of $53.50.

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.