Quantinno Capital Management LP Purchases 20,947 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Quantinno Capital Management LP boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 65.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 52,713 shares of the real estate investment trust's stock after acquiring an additional 20,947 shares during the period. Quantinno Capital Management LP's holdings in Gaming and Leisure Properties were worth $2,712,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GLPI. Assetmark Inc. increased its position in shares of Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 535 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Gaming and Leisure Properties during the second quarter worth $31,000. EdgeRock Capital LLC bought a new stake in Gaming and Leisure Properties during the second quarter worth $33,000. Farther Finance Advisors LLC lifted its stake in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 384 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Insiders Place Their Bets

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

Gaming and Leisure Properties Stock Up 0.2 %

Shares of GLPI traded up $0.08 during trading hours on Tuesday, reaching $50.17. 483,621 shares of the stock traded hands, compared to its average volume of 1,299,819. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.14 and a beta of 0.98. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. 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 stock has a fifty day simple moving average of $50.59 and a 200 day simple moving average of $48.92.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. During the same quarter in the prior year, the business earned $0.92 EPS. Gaming and Leisure Properties's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The firm 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 dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend is Friday, December 6th. Gaming and Leisure Properties's payout ratio is currently 106.29%.

Analysts Set New Price Targets

A number of research firms have commented on GLPI. Stifel Nicolaus lifted their price objective on shares of 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. JMP Securities reiterated a "market outperform" rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Raymond James boosted their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Finally, 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 report on Friday, August 23rd. Five 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 has an average rating of "Moderate Buy" and a consensus target price of $53.50.

About Gaming and Leisure Properties

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.