Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Lifted by State Street Corp

State Street Corp raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,135,195 shares of the real estate investment trust's stock after purchasing an additional 162,484 shares during the quarter. State Street Corp owned about 4.42% of Gaming and Leisure Properties worth $624,356,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC raised its position in Gaming and Leisure Properties by 0.7% in the second quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust's stock valued at $1,537,000 after purchasing an additional 220 shares during the period. Ieq Capital LLC raised its position in Gaming and Leisure Properties by 0.3% in the second 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 period. Integrated Wealth Concepts LLC raised its position in Gaming and Leisure Properties by 5.1% in the third quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust's stock valued at $280,000 after purchasing an additional 262 shares during the period. CIBC Asset Management Inc raised its position in Gaming and Leisure Properties by 3.6% in the third quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust's stock valued at $409,000 after purchasing an additional 278 shares during the period. Finally, Marshall Financial Group LLC raised its position in Gaming and Leisure Properties by 1.4% in the third quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust's stock valued at $1,076,000 after purchasing an additional 289 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GLPI has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a "hold" rating to a "buy" rating and lifted their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Raymond James lifted their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 21st. Finally, Wolfe Research upgraded Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price target for the company in a research note on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.50.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 6,885 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total transaction of $345,351.60. Following the sale, the director now owns 149,800 shares of the company's stock, valued at $7,513,968. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.37% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded down $0.34 during midday trading on Monday, hitting $50.09. 807,589 shares of the company's stock were exchanged, compared to its average volume of 1,303,328. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The stock's 50 day moving average price is $50.62 and its 200-day moving average price is $48.88. The firm has a market cap of $13.74 billion, a P/E ratio of 17.63, a PEG ratio of 2.14 and a beta of 0.98. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results 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). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. During the same period in the previous year, the firm earned $0.92 EPS. Gaming and Leisure Properties's revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

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

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.