Los Angeles Capital Management LLC Invests $3.22 Million in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Los Angeles Capital Management LLC purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 62,489 shares of the real estate investment trust's stock, valued at approximately $3,215,000.

A number of other large investors have also recently modified their holdings of GLPI. Assetmark Inc. increased its position in shares of Gaming and Leisure Properties by 2,547.6% during the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 535 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Gaming and Leisure Properties during the second quarter valued at about $31,000. EdgeRock Capital LLC purchased a new position in shares of Gaming and Leisure Properties during the second quarter valued at about $33,000. Versant Capital Management Inc increased its position in shares of Gaming and Leisure Properties by 18,500.0% during the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 740 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 384 shares during the period. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded down $0.07 during midday trading on Wednesday, reaching $49.09. 1,358,582 shares of the company traded hands, compared to its average volume of 1,318,074. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The business has a 50 day moving average of $50.84 and a two-hundred day moving average of $48.11. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 6.19%. Gaming and Leisure Properties's dividend payout ratio (DPR) is 106.29%.

Analyst Ratings Changes

Several brokerages recently issued reports on GLPI. Stifel Nicolaus boosted their price target on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a "buy" rating in a research report on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Wolfe Research upgraded shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a report on Friday, August 23rd. Scotiabank upped their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.18.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the transaction, the chief financial officer now directly owns 108,073 shares in the company, valued at approximately $5,621,957.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 6,885 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total value of $345,351.60. Following the transaction, the director now directly owns 149,800 shares in the company, valued at approximately $7,513,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the transaction, the chief financial officer now owns 108,073 shares in the company, valued at $5,621,957.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,758 shares of company stock worth $2,717,922 over the last quarter. Company insiders own 4.37% of the company's stock.

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.