Quantbot Technologies LP Takes Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Quantbot Technologies LP purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,241 shares of the real estate investment trust's stock, valued at approximately $1,093,000.

A number of other large investors also recently bought and sold shares of the stock. Assetmark Inc. increased its holdings in shares of Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock worth $29,000 after buying an additional 535 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Gaming and Leisure Properties during the second quarter valued at about $31,000. EdgeRock Capital LLC acquired a new stake in Gaming and Leisure Properties during the second quarter worth about $33,000. Versant Capital Management Inc raised its holdings in shares of Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 740 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Gaming and Leisure Properties by 142.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Down 0.1 %

Shares of GLPI traded down $0.05 during midday trading on Friday, hitting $51.61. The company had a trading volume of 843,655 shares, compared to its average volume of 1,160,771. 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 company's 50 day moving average price is $50.59 and its 200 day moving average price is $48.68. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.19 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 51.93% and a return on equity of 17.31%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Raymond James increased their target price on shares of 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. StockNews.com lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. JMP Securities restated a "market outperform" rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Mizuho lowered their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.32.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $50.39, for a total value of $151,170.00. Following the transaction, the director now owns 146,800 shares of the company's stock, valued at $7,397,252. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.37% of the stock is currently owned by corporate insiders.

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.